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Lebanon Report
Marcopolis presents the Lebanon Report focused on the investments, doing business, economy and other topics featuring interviews with key executives and government officials. The sectors under review are industry, telecom, banking sector, ICT, investments and more.
StoriesJune 29, 2015
BML Istisharat is recognized as a top choice for banking, insurance, and manufacturing sectors
- Written by Peter Matay
- Published: June 29, 2015
BML Istisharat is recognized as a top choice for banking, insurance, and manufacturing sectors, with their advanced software solutions. BML works with more than 300 leading corporations globally, including fortune-500 companies, such as Citibank, Banque Populaire, AXA, and many more. Due to BML’s innovative thinking and quality products and services, the company is preferred time and time again over its competitors worldwide.
Earlier this year, the universal Maltese Bank, APS Bank, has replaced its system from Intrasoft International, a Greek vendor, to Lebanon’s very own ICBS core banking system from BML Istisharat. After a prolonged selection process, BML won the contract over its competitors’ softwares, including Intrasoft’s newer version of Profits, and Oracle FSS with Flexcube. This is the first time BML is penetrating the Maltese market.
According to Jonathan Caruana, Business Solutions Manager at APS, “BML was chosen because the bank felt that it would allow for more flexibility in creating business opportunities, and provide end users with more powerful and complete information.” BML Istisharat prides itself on being recognized as a partner of choice for the banking, insurance, and manufacturing sectors. Joe Faddoul, Chairman of BML Istisharat, says,
“We constantly update our systems in close cooperation with users, groups, and industry professionals. We revise our systems so they meet the majority of our clients’ functionality requirements. This is why we are a leading provider.”
The training focused on the ICBS core, branch loans, credit facilities, interest calculation, regulatory reporting, and more. Faddoul states, “we then followed with training on the stock management, purchase order, and fixed assets modules. After we conducted a survey, we learned that the majority, 85%, of the banks’ attendees appreciated our training. They said our trainers were patient, experienced, and had extensive technical and banking knowledge.”
BML Istisharat’s superior products, services, and knowledgeable staff allows the company to continue to be the leading provider of core software solutions for banking, insurance, manufacturing, and distribution sectors.
