Credit Libanais Signs Major Deal with Misys
Credit Libanais, a Lebanese bank, has selected Misys Equation to provide the core system for its retail banking operation. Misys Equation is used by hundreds of banks in more than 70 countries. The product will allow Credit Libanais to improve credit control and management through centralised real-time limit checking and exposure updates. In addition, it will help the bank reduce revenue leakage through enhanced process controls and ensure compliance with greater reliability and less effort. The solution meets the bank’s strict requirements for risk management, profitability analysis and new product development, which are not being met by the bank’s current solution.