Saudi Hollandi Ramps Up Trade Finance with Misys

Riyadh
SHB, originally founded to support Hajj pilgrims from the Dutch East Indies, is now based in Riyadh.

Saudi Arabia's first operating bank, formed in 1926, Saudi Hollandi Bank (SHB) will employ Misys' transaction banking solution to ramp up its portfolio of cash management services that support investment in international trade.

The new solution is set to go live in 2013, consolidating the bank's trade finance and cash management software platforms for the first time, and improving operational efficiency in the bank's trade finance unit, specifically. It was chosen after a competitive bidding process and an agreement with the SHB's chairman, Mubarak Bin Abdullah Al-Khafrah.

"Misys was able to show us a compelling case for how we can meet our ambitious expansion targets using its software and services and by building a robust back-office engine to enable that desired growth," says SHB managing director Bernd van Liner.

  • LinkedIn  
  • Save this article
  • Print this page  

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: