Jordan National Bank Selects Sungard's Integrated Financial Solution
Jordan National Bank, based in the Middle East, has selected a fully integrated SunGard solution to meet the needs of its treasury. A combination of AvantGard Quantum, AvantGard-Risk and BancWare will provide fund management and treasury planning solutions. Jordan National Bank serves four countries in the Middle East: Jordan, Lebanon, Cyprus and Palestine. ‘Banking technology is progressing at a very fast pace in Jordan, due to the government’s policy toward making Jordan an IT hub as well as the entry of foreign banks into the Middle East,’ said Rashid Daoudi, deputy chief executive officer, Jordan National Bank. ‘We sought a solution that would help us to adapt to these changes and help us to manage and comply with all the associated risks and regulatory requirements,’ Mr. Daoudi said.