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 The main focus of Boubyan Bank is to offer best-in-class services to our customers.We believe in investing in the latest and best technologies to ensure that ourcustomers get real-time services and the best banking performance. We wanted todevelop an Internet banking service that would offer our customers easy access andconvenience to bank anytime and from anywhere. We were looking for a solution thatwould be flexible, scalable, robust and built on an open platform with a host offunctionalities for both retail and corporate customers," said Mr. Kurien Varghese,Head of Information Technology Group of Boubyan Bank.
 We chose Sybase Financial Fusion's e-finance suite because we felt very confidentthat their solution would meet all of our present and future requirements. Also,Sybase Financial Fusion is the premier internet banking solution in the world withsome of the biggest global banks as its customers. The e-finance suite is verysecure, scalable and flexible and operates in a J2EE environment, with a middlewareplatform which makes it easy for our Bank to deploy new software from any vendorwithout having to manage different platforms, systems or code. Their use of Javaprovides us with the flexibility that we were looking for to grow, expand andenhance our online banking system over time, Mr. Varghese added.
Financial Fusion Inc., a division of Sybase Inc., is a leading provider of onlinebanking and payments solutions to large financial institutions in the world and isranked as one of the leading solutions for Tier 1 banks in the USA. Sybase e-financesuite incorporates solutions for Consumer and Corporate Banking needs. It providesan integrated enterprise platform for retail banking services such as accountmanagement, bill payment, transfers, eServices and credit cards as well as forcorporate cash management customers that addresses areas such as Trade Financeinterface, global payments and global transfers. It also deals with many areas incorporate cash management that include cash flow position, self administration, selfmulti-level approval framework in addition to comprehensive corporate reportingsolution. E-Finance suite also supports multi-affiliations and subsidiaries runningand managed by one single deployment.
"Our online banking implementation was carried out quite smoothly with continuoussupport from Sybase and Al Faris Information Technologies - who handled theimplementation for this solution. We have implemented various levels of Firewalls,Intrusion Detection and Prevention systems and Network Access Controls, along withseveral other security measures. Before going live with the system, we engaged anexternal consultant to do penetration tests to ensure that the environment whereFinancial Fusion runs is secured from internal and external threats. FinancialFusion's e-finance suite has advanced security features and our customers can berest assured that their internet banking transactions will be safe and completelysecure, said Mr. Varghese.
 We are proud that Boubyan Bank chose Sybase's e-finance suite for its onlinebanking needs. Together with Al Faris Information Technologies - our implementationpartner - we have introduced a truly unique solution. The new online banking systemwill provide the bank's customers with an enhanced user experience, offering a widerange of online banking services and real-time transactions," said Mr. Tony Achkar,General Manager of Sybase Products Middle East. "Delivering a single underlyingenterprise platform that supports multiple applications and meets the scalabilityand functionality needs of leading banks continues to be a successful formula forSybase. Since being introduced in the Middle East 24 months ago, eFinance Suite wasselected by six leading financial institutions in Kuwait, United Arab Emirates,Jordan, Bahrain and Qatar and we are looking for more success in 2007. We are veryconfident that Boubyan Bank will be satisfied with our world-class solution."
"The latest achievement of Boubyan Bank Online Banking solution further demonstratesour leadership in building successful e-business solutions for our clients," saidMr. Hamed Y. Al-zayed, Vice President and COO of Al-Faris. "The Sybase e-FinanceSuite offers Boubyan Bank a great opportunity to evolve their e-business offering ascustomers require new services, thus ensuring long term ROI." Mr. Al-zayedcontinued.
Boubyan Bank has gone live with Sybase Consumer Banking suite and the CorporateBanking suite is currently being planned to be implemented with Al Faris InformationTechnologies in Kuwait, who ensured that a professional team of trained technicaland business people were available to ensure smooth delivery of the project.E-Finance Suite is integrated to the core banking systems through the solutionÂ'smiddleware. This ensures that all systems are working in tandem from day one. Thee-Finance Suite solution is being handled by the e-Banking division in the BankingServices group of Boubyan Bank with the IT team supporting them with projectmanagement, customization and other technical support.
About Sybase:Sybase is the largest enterprise software company exclusively focused on managingand mobilizing information from the data center to the point of action. Sybaseprovides open, cross-platform solutions that securely deliver information anytime,anywhere, enabling customers to create an information edge. The worldÂ's mostcritical data in commerce, communications, finance, government and healthcare runson Sybase. With Sybase, customers can optimize and enhance the investments theyalready own, link together the valuable data resources already in place, and extendthe reach of business-critical information to users on the front lines giving them afinancial, agility and productivity edge across all areas of their business.
Sybase is a trademark of Sybase, Inc. Â indicates registration in the United Statesof America.
