UAE: Ajman Bank has contracted card solutions provider, Network International, to manage all its card-related services from transactions to switching and clearing. Network will also manage Ajman’s ATM network.
The bank’s acting CEO Ali Essa Al Shaqoosh Al Mueen said outsourcing the card processing and management services component would allow the bank to focus its resources on key strategic and core activities. “In the final analysis, it is about delivering what our customers want and when they want it,” he said.
Ajman bank is the first full-fledged Islamic commercial bank headquartered in the emirate of Ajman. It began operations early this year and is one of eight Islamic lenders in the UAE.