Saudi Investment Bank Selects CIT Global`s SADAD Integration solution
Released on = January 23, 2007, 6:10 am
Press Release Author = CIT Global
Industry = Financial
Press Release Summary = CIT Global's leading technology enable SAIB and AMEX to integrate with the SADAD Hub
Press Release Body = Toronto, Riyadh, Cairo. January 22nd, 2007. CIT Global, a leading international eCommerce/mCommerce solution provider with business delivered in more than 30 countries worldwide, announced that The Saudi Investment Bank (SAIB), a Saudi Arabian joint stock company with products and services specifically tailored for sophisticated corporate and private banking customers, has selected CIT Global\'s leading solution to integrate with the SADAD Network. In parallel, American Express, an entity of SAIB, has also named CIT Global to implement its Bill Reconciliation service. CIT Global continues to pursue its commitment to SAMA's initiative to streamline bill payment transactions for end consumers through all channels of the Kingdom's Banks through SADAD. Our early and close involvement with the SADAD initiative has enabled us to provide an innovative end-to-end integrated product to satisfy the needs of all members and beneficiaries of the SADAD network.
CIT\' SADAD Integration Solution, a product distinguished with innovation, state-of-the art technology and market tested quality, is composed of two components : SADAD Gateway for Banks who would like to provide SADAD bill payment services through their various channels, and TASDEED Gateway for billing entities (Government institutions, Enterprises, banks ..etc) who would like to have their billable clients benefit from the SADAD services when settling their bills.
"The cooperation of SAIB bank with CIT Global will result in the interaction between the bank with all its branches and its customers all over the Kingdom through SADAD Hub" Said Amr Hazem, Middle East Managing Director- CIT Global. "Moreover, TASDEED will facilitate American Express's collection of bills through SAIB different banking channels." He added.
CIT Global solution will provide SAIB with a complete framework to integrate with SADAD and provide American Express, as a billing entity of SAIB bank, with bills collection service through TASDEED Gateway for Billers.
CIT Global has implemented the first fully automated integration with the SADAD network for SAMBA Financial institution which was followed by Emirates International Bank. Capitalizing on our technical and business know-how, CIT has successfully delivered total turnkey solutions for GCC and KSA leading banks based on CIT Integration Products.
In addition to the established leading SADAD Integration product, CIT offers a full range of sophisticated eSolutions and eServices to government institutions, Enterprises and Banks connecting to SADAD; starting from providing detailed Impact Analysis and Business Rules Assessment, to Integration Planning Development & Implementation, Testing, On-boarding Migration Planning and finally Going-Live.
About CIT Global CIT Global is an international provider of high quality, innovative eCommerce / mCommerce solutions and services. Our extensive suite of solutions and services enables us to lead our clients into the next generation of multi-channel fully secured eCommerce systems. By applying CIT Global\'s dedicated centers of excellence and its specialized leading products, in addition to the \"best of breed\" technologies from its strategic partners, CIT Global is delivering innovative and award winning solutions to our clients in more than 30 countries worldwide.
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