Mr. Al-Saeid: ITS keen to provide its solutions and services to the Egyptian Market.

Mr Talal Ibrahim:  It will give us a competitive advantage in a market that demands quality services and secure access.

​ITS today announced that BLOM Bank Egypt went live with ETHIX-NET to launch the bank’s Internet banking services. ETHIX-NET, developed by ITS, is designed in accordance with international standards and allows BLOM Bank Egypt’s customers, both personal and corporate, to conduct Internet banking activities 24 hours a day, including personal bank account management, balance statements and wire transfers.

“Being in one of the most competitive and fastest growing markets in the region, we have further differentiated ourselves by partnering with ITS to provide our customers superior Internet banking services,” said Mr Talal Ibrahim Assistant Managing Director from BLOM Bank Egypt. “This important milestone in our efforts to gain market share in Egypt and gives us a competitive advantage in a market that demands quality services and secure access.”

The ETHIX-NET is built ITS’ ETHIX-CORE and ETHIX-Branch banking solutions, which were deployed by BLOM Bank Egypt earlier this year and combined, these solution provide the with a solid, robust and comprehensive banking platform. For BLOM Bank Egypt, the ETHIX banking platform works to reduce the bank’s overall total cost of ownership (TCO) while at the same time opens up an array of new revenue generating services.

“Partnering with BLOM Bank Egypt is a prestigious move for ITS and another milestone in our expansion into the dynamic Egyptian banking market,” said Khalid Faraj Al-Saeid, ITS Managing Director and General Manager. “ITS deployed its leading consultants to lead the project and we are confident that this latest implementation of our ETHIX platform will bring benefit to BLOM Bank Egypt and its customers.”

BLOM Bank Egypt is a universal commercial bank active in the retail, private, commercial and institutional segments with a wide range of products and services. It is more than 99 percent owned by BLOM Bank SAL, one of the leading Lebanese and regional banks. Its aim is to become one of the premiere Egyptian banks with emphasis on world-class customer service.