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TBI partners with Indian Firm for Fintech Development

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TBI partners with Indian Firm for Fintech Development Empty TBI partners with Indian Firm for Fintech Development

Post by claud39 on Thu Jun 20, 2019 9:40 am

TBI parners with Indian Firm for Fintech Development
20th June 2019

TBI partners with Indian Firm for Fintech Development Trade-Bank-of-Iraq-TBI-logo-623x346

20th June 2019 in Iraq Banking & Finance News

By John Lee.
The state-owned Trade Bank of Iraq (TBI) has reportedly signed a Memorandum of Understanding with India-based ESDS Software Solution to develop financial technology and a cloud platform in Iraq.
According to ZawyaAlpen Capital (ME) Limited acted as the sole advisor for the transaction between the two firms, which aims to “establish a long-term strategic relationship in the field of establishing and managing data centre, cloud solutions and virtualization and disaster recovery hosting solutions, financial technology solutions and other Information Technology services in Iraq“.
Faisal Al Haimus, Chairman and President of TBI, is quoted as saying:
“This is indeed a landmark association and we believe our combined synergies will allow us to make significant strides in the area of fintech and technology advancement. This is the latest in a number of strategic agreements we have made with leading firms in the region to help rebuild, develop and modernise Iraq.”
(Source: Zawya)

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