Al Mal Islamic Investment Bank Selects CR2
Dublin, Ireland, 12th November, 2024: Al Mal Islamic Investment Bank in Iraq has chosen CR2, a global leader in digital banking and payments, to implement its powerful BankWorld platform. Established in 2018, Al Mal Islamic Investment Bank is a privately owned financial institution and one of Iraq’s emerging banking entities, now poised to revolutionise their digital banking services across the country.
Through this collaboration, Al Mal Islamic Investment Bank will embark on an ambitious digital transformation journey, leveraging CR2’s BankWorld platform to strengthen its digital channels. BankWorld will support the bank’s mobile banking services for retail customers and extend its capabilities to internet banking, catering to both retail and business segments.
Leveraging CR2’s adaptable BankWorld platform, this partnership will enable Al Mal Islamic Investment Bank to swiftly launch new products and services tailored to the evolving needs of the local market. This strategic advantage not only promotes digital adoption among current customers but also attracts new retail clients seeking cutting-edge banking solutions and enhances support for the business banking sector.
Meabh Maguire, Global Commercial Head, CR2, commented; “We are thrilled to partner with Al Mal Islamic Investment Bank to bring their new digital banking experience to life. This partnership enables us to leverage our global expertise to support their digital vision. As the banking and payments industry evolves, we believe there are vast opportunities for banks that lead with innovative, secure, and user-centric solutions, ultimately empowering their customers to thrive.”
Commenting on the partnership Mohammed Saad, Deputy CEO, Al Mal Islamic Investment Bank, said; we are committed to continuous development and innovation for our customers. Our partnership with CR2 provides a robust platform to achieve this on a large scale. As global demand for digital and mobile banking solutions rises, this collaboration ensures that we deliver leading-edge services to both our retail and business clients.”
About CR2
CR2 is a leader in digital banking and payments. The business powers over 90 banks in 50 plus countries across the world and is part of the HPS group.
BankWorld their core digital banking and payments platform, offers the broadest capabilities in market and uniquely integrates Digital Banking, Card Issuing with ATM, and Switching. In addition, CR2’s Partner Ecosystem combines the confidence of BankWorld with access to easy plug-in, third-party Fintech innovations.
In simple terms, CR2 helps financial service providers to build around consumers with technology that supports both customer experience and an ability to deliver consistently.
If you think financial services cannot innovate quickly, THINK again.
For more information, please visit www.cr2.com
Media Contacts:
Murtough Ware – Marketing Campaign Manager, CR2, murtough.ware@cr2.com
About Al Mal Islamic Investment Bank
Al Mal Islamic Investment Bank was established in 2018 with a capital of (100,000,000,000) Iraqi dinars and according to the requirements of the Central Bank of Iraq, the bank increased the capital in phases from the years (2019-2021) to reach a total paid-up capital of (250,000,000,000) Iraqi dinars and -in a short time- became one of the leading banks on local and regional levels, offering advanced banking services to all its customers for the individual and corporate sectors. Al Mal Islamic Investment Bank seeks to become a major bank in the field of banking services and expansion in the banking field through thoughtful financial management and the consolidation of culture in risk management and costs by professional banking staff and the network of broad local and international relations as well as advanced technological banking systems in banking provided to customers such as documentary credit and money
For more information, please visit: https://almalbank.iq/
