The project marks Interblocks’ entry into the Middle East and highlights their eminence in the “Transaction Processing” software market.

AHB was founded in 2001 and has since been distinguished by its customer centric approach which has led to a continued growth in demand for its services.

In its efforts to further expand services, the bank was seeking a partner who could facilitate its growth plans by providing flexibility and innovation. After a stringent evaluation process, including site visits to existing customers, AHB selected Interblocks as the right partner to implement this project.

The iSwitch solution connects to the banks Phoenix Core Banking system and has been fully “Arabised” to meet AHB’s requirements. The system also connects the bank to the regional Al Watani switch, enabling AHB to link to the entire Gulf Cooperation Council (GCC) network, connecting over 760 ATM’s across the region.

In addition to marking Interblocks’ gateway into the Middle East, this project symbolizes an even more significant milestone – this is the first IFX compliant ATM Switch installation in the entire Middle East.

The IFX standard, which has been used by Interblocks in designing their products since 1991, is an XML based message set that has been developed to aid the management of expanding complex corporate banking needs. Developed “by bankers, for bankers” this is possibly the most comprehensive framework for managing financial transactions on the market today. The framework allows Interblocks to offer customers a greater degree of flexibility while maintaining the integrity and security of transactions.

“Interblocks views the Middle East and Africa as key emerging markets for our ‘Transaction Management’ Solutions, therefore this project is an important step towards capitalizing on this rapid growth. Our continued success in these competitive markets is a testament to what our technology and our team has to offer’ said Suren Kohombange, Director Software for Interblocks Limited.

This project marks another remarkable achievement for Interblocks, as it continues to stamp its position in the global market for providing innovative and robust solutions, to meet the needs of Financial Institutions in a highly competitive market place.

For more information on IFX visit www.ifxforum.org

About Interblocks Limited.
Interblocks’ “Transaction Management Systems” brings convenience to millions of people across the world to perform their day to day tasks with customized simplicity via the numerous electronic delivery channels available to banks and financial institutions. Having entered the Financial Services market with their breakthrough IFX compliant software Interblocks continues to tread paths not taken before and set the standards for all other vendors to follow. Interblocks is in the business of “creating the future for how money moves” – securely, quickly and across the widest possible range of channels and devices – for traditional and contemporary financial service providers and their customers.