Finance House selects Temenos T24 for its core banking solution
Finance House, a public joint stock company, has signed an agreement with Temenos on 2 December 2004, to set up its core banking solution (Temenos T24) and branch automation. Finance House will be launched in March 2005, with a capital of AE$200m, offering consumer and commercial financing services, including Islamic finance, for Abu Dhabi. Finance House selected Temenos T24 after an extensive and thorough evaluation process, with the involvement of external consultants. Mohammed Alqubaisi, chairman of Finance House says: “We ensured that the selection process was detailed and rigorous, in order to arrive at the most suitable vendor that will help us achieve our business goals.