CashSwitch confirmed that it had licensed the solution to make internet banking more accessible for customers and more cost effective for banks throughout the Gulf region, and revealed that as a result of the new alliance, it will be able to act as an Application Solution Provider (ASP), or to directly license Misys' Fontis iBanking platform to Middle Eastern banks.

According to sources at Misys, the package will allow banks in the offshore financial centre and throughout the region to offer customers improved online facilities, including account management, transaction enquiries, and secure fund transfers.

The Dubai based financial service provider is excited about the possibilities afforded for banks and their customers in the region, and praised the platform's flexibility. Speaking on behalf of CashSwitch last week, the Chair of the organisation, Ms Hind Suhail Bahwan commented: 'As customers demand online access to their accounts, banks are now seeking economically viable ways to meet their demands. By offering Misys' Fontis Solution CashSwitch can not only meet but exceed its e-banking requirements.'