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MDSL, in collaboration with Fynhaus, is proud to deliver a suite of advanced solutions to Iraqi Islamic Bank, designed to elevate security and streamline banking processes. Our combined expertise ensured that IIB benefited from state-of-the-art technology tailored to meet the highest standards of efficiency and protection. The three key offerings were:
- RBA Solution: Tailored risk management tools that provide advanced protection for your investments and operations, ensuring resilience against potential threats.
- KYC Solution: Streamlined customer verification processes that boost compliance and enhance customer satisfaction, making onboarding seamless and efficient.
- AML Solution: Comprehensive measures to prevent financial crime, maintaining a secure and transparent banking environment.
MDSL and Fynhaus are dedicated to enhancing the operational efficiency and security of Iraqi Islamic Bank. Together, we are paving the way for a more secure and streamlined banking experience. Choose MDSL to lead the way in banking excellence.
About Iraqi Islamic Bank
The Iraqi Islamic Bank for Investment and Development opened its door to the public on the 23rd of February 1993 and was initially approved by the Iraqi Central Bank on the 19th of December 1992.
Paid Capital has been raised to (250) Billion Iraqi Dinar.
And to achieve the work to spread the concept banking, which works to stimulate and attract savings to provide funding for the development of various economic sectors and contribute to strengthening the social development through the financial contribution to cover the filling of some social needs IIB Bank uses the latest global banking systems and keep pace with any updates thereto in order to walk side by side with evolution in the world and operates the bank to handle technical and electronic step advanced in the banking dealings in Iraq.
The IIB has contributed to the Iraqi Society as part of its effective push for the process of development and the fight against poverty through various subsidies provided the various sectors of society such as Students, Associations, Humanity and Charity for Orphans, and many Widows, based on the belief of the bank’s Directors and Management in providing a helping hand to the community.
About Fynhaus
Fynhaus is a banking software solution provider based in Amsterdam, Netherlands. We are specialized in RegTech, specifically in the fields of regulatory compliance, fraud detection, and financial transaction messaging.
With over three decades of experience in the domain, our solutions are well suited for the specific needs of financial institutions. We provide a seamless transition into modern banking standards and requirements, without disrupting the existing processes.
Our passion for quality is the main driver in our offerings, and we actively aim to exceed the expectations of our clients.
About MDSL
Established in 1978, MDSL, an ITG company, has a proven track record in the supply and integration of turnkey banking solutions in Lebanon and the Middle East region, including:
EFT solutions and payments: providing card management solutions (issuing, acquiring, credit/debit, etc.), ATM/POS switching and related systems, Payment Hub, Fraud management, Cards equipment machines/personalization, software simulation tools and related systems.
Core banking solutions: including Core-Banking, Digital Banking/Omni-Channel, Treasury, Risk Management and Finance (Asset Liability Management, Profitability, Basel II and III, IFRS9), electronic signature verifications and Compliance solutions (FATCA, CRS, Anti-Money Laundering, Swift GPI, etc).
In addition, MDSL offers Telco solutions, business analytics, business intelligence, and enterprise content management solutions, and specialized software for the corporate governance.
For more info: www.mdsl.com.lb
