Saudi Hollandi Bank selects CIT Global for its EMV compliance initiatives

Based on CIT Global's expertise, SHB will be able to assess its existing environment, identify and prioritize their requirements thus mapping their business with a future vision.

The scope of services comprehensively covers four phases, where CIT Global will cover the different business as well as technical aspects of applying the EMV and Span2 compliance to the bank. Based on our in-depth knowledge of EMV migration and vast engagements with many leading financial institutions worldwide, CIT Global will work with SHB towards the implementation of EMV and Span2 compliance, SHB has selected a cluster of CIT Global's sophisticated consultancy services including Gap analysis, RFP development, proposal evaluation, Testing & certification and Project management office PMO. SHB shall capitalize on the valuable deliverables to provide significant competitive advantages to the bank in a rapidly growing market.

"Cooperation with CIT Global, SHB can expect to meet EMV mandates in the fastest, most economic way" Said Amr Hazem, Managing Director, CIT Global - Middle East. " Being fully aware of the EMV and SPAN2 specifications and requirements, we will provide the bank with the best practices to become EMV compliant and the premium counsel on how to profit from investment made on compliance," he added.

CIT Global has constantly endeavored to offer the GCC region and KSA banking sectors comprehensive consulting services and payment solutions - including central banks with noble references with Saudi Arabian Monetary Agency (SAMA) and others in the region.

Following the constant theme, Central Bank of Oman has selected CIT Global as its consultant for the review of Oman National Switch and establishing the new robust and reliable national EFT services.

CIT Global has been providing a series of consultancy services that includes both business and technical services, as well as recommending the best approach for the way-forward for many banks, such as Rajhi Bank, Riyadh Bank and SAMBA Financial Group in Saudi Arabia.

Its extensive pool of qualified consultants has been instrumental in delivering key services to our customers and partners in the ePayment space with the large majority being major financial institutions. With direct hands-on experience of EMV and other Smart Card programs, they have been able to successfully deliver EMV projects from strategy planning to testing and implementation.