May 30, 2018 - Beirut, Lebanon
Moamalat Financial Services, the national processor of Libya, has selected MDSL to migrate and implement IST/Switch and Cortex Card Management system to support them in their card issuance requirements and future growth for credit, debit and pre-paid.
MDSL, an ITG company, specialized in the supply and integration of turnkey vertical market solutions, was the right partner to implement the solutions provided to Moamalat as MDSL senior professionals have the right mix of expertise and technology in this field in the MENA region.
Moamalat already had FIS system, and wanted to upgrade their infrastructure to take advantage of IST/Switch solution and Cortex Card Management system within a planned timeframe to add a competitive advantage and flexibility to their company. The integration will be completed in phases, as Moamalat has chosen a core banking solution that is fully integrated allowing them to expand their operations, serving their clients and aligning their current and future growth strategies.
FIS' IST/Switch solution provided by MDSL is a high performance credit and debit processing switch that offers full compliance with all major networks. Developed on an open system, it helps Moamalat lower their IT costs, enabling them to process transactions from any source.
MDSL Cortex solution is a multi-functional processing systems that makes it the ideal platform to respond to market changes allowing Moamalat to manage the complete life cycle of prepaid cards from the ordering to the issuance, and activation up to its termination. Cortex is integrated with IST/Switch to provide enhanced card management system and processing services quickly and competitively all while ensuring the security of payment cards and secure payments.
About Moamalat Financial Services
Established in 1994, Moamalat Financial Services (MFS) is a joint stock Libyan company. MFS is owned by the five major banks in Libya totaling a market share of 80%. MFS serves as payment gateway, card management system, Checks and Card printing vendor to the Libyan financial industry. Embracing technology and providing superior services are core values at MFS.
For more info: www.moamalat.net
FIS™ is the world's largest global provider dedicated to financial technology solutions. FIS empowers the financial world with software, services, consulting and outsourcing solutions focused on retail and institutional banking, payments, asset and wealth management, risk and compliance, trade enablement, transaction processing and record-keeping.
For more info: www.fisglobal.com
Established in 1978, MDSL, part of ITG (Holding), has a proven track record in the supply and integration of turnkey banking solutions in Lebanon and the Middle East region, including:
Core banking solutions: Core banking, treasury, risk management (asset liability management, profitability, Basel II), corporate & retail lending, electronic signature verification and mobile & internet banking
EFT solutions and payments: ATM/POS switching, Card management, Fraud management, and EFT software simulation (ATM/POS terminals, Hosts to Host interfaces), and instant / central card issuance systems
In addition, MDSL offers Telco solutions, business analytics, business intelligence, and enterprise content management solutions, and specialized software for the corporate governance.
For more info: www.mdsl.lb
Information Technology Group (ITG) is a Lebanese holding company. We combine an array of autonomous affiliates dedicated to providing a large portfolio of solutions and services in the MENA region, in the areas of hardware, system software, and application software, in addition to building automation and office solutions.
Strong with our proven track-record and solid partnerships with leaders in the ICT industry, we can offer the full spectrum of solutions to most businesses, ranging from office furniture to the full-fledged data center, in addition to Cloud-based services.
ITG derives additional strength and reach thanks to its affiliation with the HOLCOM group of companies which has a 50 year history in diligently serving clients in the EMEA region with its 5,700 professionals.
For more info: www.itgholding.com