Qatar Islamic Bank (QIB), a leading Islamic Bank in Qatar, and NCR
Corporation (NYSE:NCR), the global leader in consumer transaction
technologies, have signed a strategic agreement for the implementation
of significant technology projects in 2014.
As part of the agreement, QIB will purchase the innovative NCR Skimming
Protection Solution (SPS) in an effort to proactively address today’s
ATM skimming challenges and deliver maximum protection and convenience
to its customers. As part of this project, QIB will enhance the strength
of its IT infrastructure with the use of security firewalls, network
access control, data center switches upgrade and the technology refresh
of its entire telephony system.
QIB has already implemented Solidcore Suite for APTRA, the most
comprehensive ATM whitelisting software that proactively protects ATMs
from insider attacks by preventing the introduction of unauthorized code
on the network and maintaining its integrity and availability.
“Our agreement with NCR will deliver the latest software and hardware
technology to help protect QIB banking platforms so we can sharpen our
focus on productivity and protect our clients data – a key pillar of our
business strategy and a continuous improvement we have in plan,” said
Ghazi Qarout, Qatar Islamic Bank Chief Information Officer. “NCR brings
a unique vision for transforming our IT Infrastructure and ATM channel
through software platforms, consulting and hardware enablement, helping
us speed our innovation, improve our customer experience and build on a
roadmap deemed for success.”
With this new project, QIB will be among the first large financial
institutions to move their self-service network to the Windows 7
platform, which when combined with the previously implemented Solidcore
solution can result in superior security, thus putting QIB in an
advantageous and unique position, striving towards offering great
experiences to its customers.
“NCR is really proud to partner with a premier financial institution,
such as QIB, to introduce latest innovative software solutions,” said
George Flouros, MEA Region Vice President - Financial Solutions. “We are
confident that these solutions will improve ATM availability, as well as
consumer confidence and help QIB further expand its leadership in ATM
innovation and consumer experience.”
About QIB
Qatar Islamic Bank (QIB) – Established in 1982, the first Islamic
financial institution in Qatar. Since then, QIB have emerged as a force
in the local and international markets. Today, the bank plays a leading
role in developing competitive and innovative Shari’a-compliant
financial products and services worldwide. Overseen by a Shari’a board,
QIB has amassed a paid-up capital of QR2.36billion and holds 37% of the
Islamic banking market in Qatar, and an overall market share of 11% in
the banking sector as a whole. This makes QIB the biggest
Shari’a-compliant bank in Qatar and one of the top five globally.
About NCR Corporation
NCR Corporation (NYSE: NCR) is the global leader in consumer transaction
technologies, turning everyday interactions with businesses into
exceptional experiences. With its software, hardware, and portfolio of
services, NCR enables more than 485 million transactions daily across
retail, financial, travel, hospitality, telecom and technology, and
small business. NCR solutions run the everyday transactions that make
your life easier.
NCR is headquartered in Duluth, Georgia, with approximately 29,000
employees and does business in 180 countries. NCR is a trademark of NCR
Corporation in the United States and other countries.
Web sites: www.ncr.com,
www.ncrsilver.com
Twitter:
@NCRCorporation
Facebook:
www.facebook.com/ncrcorp
LinkedIn:
www.linkedin.com/company/ncr-corporation
YouTube:
www.youtube.com/user/ncrcorporation
Copyright Business Wire 2014