Morocco-based CIH Bank has gone live on Finastra’s Fusion Corporate Channels and Fusion Trade Innovation systems.
According to Finastra the bank aims to digitise its end-to-end corporate banking services. It claims the new platforms will automate CIH Bank’s trade and supply chain finance services.
Founded in 1920, CIH Bank initially focuses on finance real estate, before adding products for retail and corporate banking.
The lender has a balance sheet of around US$8bn. It reported a net income of US$46m in 2019.
“CIH Bank has strong links with the business community in Morocco,” says Oussame Tazi, a director at CIH Bank. By digitalising our corporate services, we’re making sure that these customers are receiving the best service possible, from the comfort of their homes or offices.”
