Almoayed Group

About the Customer : BAHRAIN DEVELOPMENT BANK

{mosimage} BDB commenced operations on January 20, 1992 as the country's premier Development Financial Institution. The Government had entrusted the bank with the vital task of promoting investments in Bahrain, with the aim of diversifying the economic base. Over the years, BDB has extended its innovation mix of financial services to reach a large number of entrepreneurs, spread across a broad range of economic sub-sectors, including manufacturing, tourism, health, education, fisheries, agriculture, professionals, and other value added service activities.

Solution Highlights :

Almoayed Group has been awarded to implement Core Banking Software for BDB. This was achieved by using TC4 (Total Concepts 4) solution from India's banking solution giant CMC. CMC Limited The banking products aimed to supplement convenience banking involves delivery mechanisms like internet banking, tele-banking and ATMs, which can be centrally controlled. It also offers comprehensive and cost-effective data warehousing and disaster recovery systems, as well as online bank-wide MIS and automated inter-branch reconciliation. Best of all, technical expertise is required only at the central site. TC/4 is a total banking solution which provides for anytime, anywhere banking with delivery channels. TC/4 is available on a 24x7x365 basis and facilitates anywhere, anytime banking. TC/4 has field-level context-sensitive online help that pops up in a window whenever the user prompts for it. TC/4 is completely multi-currency, and it is possible to have a maximum of 999 user-defined currencies. TC/4 provides multi-lingual support that allows the user to have screens and reporting in any language. We also have implemented Islamic Banking which refers to a system of banking or banking activity which is consistent with Islamic law .This Software was contravened for more than 50 users and for 2 branches. This was successfully implemented in 7 months.