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Piraeus Bank Deploys Fiserv Banking Solution In Egypt

Piraeus Bank, a Greece-based financial institution, has deployed Universal Banking solution from Fiserv, a global provider of financial services technology solutions, at its operations in Egypt.

The Universal Banking adopted in Egypt supports Arabic language and it is an integrated real-time solution for retail and treasury markets. Universal Banking allows large and mid-sized financial institutions to expand their range of services to corporate clients and diversify their income streams.

The solution includes Signature bank platform for retail and commercial banking, treasury and trade functionality and branch support with Aperio, a solution for customer channel management and teller a multi-currency full function, branch tellering and transaction processing solution.

Jannis Delis, group chief information officer at Piraeus Bank, said: “Our expansion into the Egyptian banking market depended on a robust universal banking solution. Working with Fiserv, we have created a standard blueprint to expand internationally. As we continue our multi-country expansion, Fiserv solutions provide us with a solid, trusted foundation and expertise in financial services.”

Tony Catalfano, president of bank solutions division at fiserv, said: “Piraeus Bank’s long term plans to expand across multiple countries continues to be realized through the completion of this implementation in Egypt. Marking a milestone for the bank, as well as for Fiserv, this is Piraeus’ first bank running with full Arabic language capabilities.”