Aspidex Technologies teams up with Interactive Ltd.

In addition to offering Aspidex's best-of-breed Internet banking solutions and services, as part of the new alliance, Interactive will present financial institutions and banks in the region with a web-based infrastructure capable of providing transactional online banking operations.

"Interactive is focused on providing innovative and best-of-breed e-business and Internet services and solutions to its customer base in the Middle East," said Ziad Tassabehji, CEO of Interactive Ltd. "Our company aspires to be at the forefront of advanced e-banking solutions that meet our clients' demands, and we found Aspidex Technologies to be the ideal partner for online banking opportunities in the region," he added.

Since its launch in 1996, Interactive Ltd has drawn upon a good and professional reputation and industry expertise in e-government solutions, CRM applications, e-business solutions, multi-media applications and services, as well as consultancy services.

"We believe that our channel partnership with Interactive will bring significant value to the banking and financial sector in the Middle East," said Izzat Dajani, CEO of Aspidex Technologies. "I am confident that the efforts and the IT expertise of Interactive will play a good role in our endeavor of making Aspidex the leading provider of Internet banking solutions in the region," continued Dajani.

Aspidex Technologies provides turnkey e-finance solutions and business consultancy to both banks and financial institutions throughout the region.

In addition, Aspidex's e-banking technology provides the region's financial institutions with real-time access to client accounts, enhanced bill payment and presentment capabilities, customized tracking options, and the interoperability of statement data systems with other financial management software platforms.

The new Aspidex - Interactive channel partnership agreement provides banks and financial institutions in the region with numerous benefits including the development of transactional website, e-commerce applications, advanced marketing tools, and real-time financial market news updates.

The two companies will jointly market their services, and anticipate initial customer activity in the UAE, Kuwait, and Lebanon.