NCR and 01 System’s innovative technology will help customers to execute
transactions faster and securely at Commercial Bank ATMs
DOHA, Qatar--(BUSINESS WIRE)--Aug. 3, 2016--
Please replace the release with the following corrected version due to
multiple revisions.
This Smart News Release features multimedia. View the full release here:
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From left to right: Mohamed Hikmat (CBQ Senior Project Manager), Ahmed Tawfik (CBQ PMO Head), Hicham Yamout (NCR QATAR GM), Samir Sheikh (CBQ COO) and Hady Maakaroun (NCR Qatar Account Manager Financial) (Photo: Business Wire)
The corrected release reads:
COMMERCIAL BANK FIRST IN QATAR TO INTRODUCE INNOVATIVE BIOMETRIC
ENABLED FINGER VEIN ATM AUTHENTICATION TECHNOLOGY POWERED BY NCR AND 01
SYSTEMS
NCR and 01 System’s innovative technology will help customers to execute
transactions faster and securely at Commercial Bank ATMs
NCR
Corporation (NYSE: NCR), the global leader in consumer transaction
technologies, announced today that The
Commercial Bank Q.S.C., Qatar’s first private bank, has become the
first bank in the country to introduce finger vein authentication
technology powered by an innovative solution from NCR and 01 Systems to
speed-up authentication and accelerate ATM transactions making every
customer interaction an exceptional experience.
NCR has also signed an agreement with Commercial Bank to help transform
their banking channel with innovative software and Omni-channel
technologies over the next few years to help them achieve their simple
but powerful promise – everything is possible.
Commercial Bank Chief Operating Officer Samir Sheikh said: “Commercial
Bank continues to focus on improving customer experience and providing
greater convenience for customers by continuing to invest and innovate
in the Bank’s security system. Finger vein technology is the
first-to-market innovation that will give customers easy, secure access
to our ATM machines and will set a new authentication technology
standard to protect our customers’ accounts.”
The finger vein biometric authentication technology uses
pattern-recognition techniques based on images of human finger vein
patterns beneath the skin's surface to identify individuals and verify
their identity. This new technology allows Commercial Bank to add
another level of authentication to the ATM channel over the standard
card and pin verification to further promote security of the ATM and
customer data.
“NCR is working closely with Commercial Bank in their transformational
journey of being a truly world class bank offering the latest in
omni-channel technology and innovations to improve efficiency, increase
revenue and lower cost of operations,” said Hicham Yamout, Country
General Manager, NCR Qatar. “The introduction of the first ever finger
vein biometric authentication technology reinforces the bank’s
commitment to offer safe banking environment and enable faster
transactions.”
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 550 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 over 30,000 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
Notes to Editors
About Commercial Bank
Commercial Bank has total assets of QAR 127 billion as at 30 June 2016.
As a full service commercial bank, the Bank offers a full range of
corporate, retail and investment banking services as well as owning and
operating exclusive Diners Club franchises in Qatar and Oman. The Bank’s
countrywide network includes 31 full service branches and 174 ATMs.
Profitable every year since incorporation in 1974, continual investment
in technology and human capital, together with a strong capital base,
provides a solid foundation for continued growth. A successful
diversification strategy has expanded Commercial Bank’s GCC footprint
through strategic partnerships with associated banks, the National Bank
of Oman (NBO) in Oman and United Arab Bank (UAB) in the UAE. NBO, the
second largest bank in Oman with total assets of OMR 3.5 billion as at
30 June 2016, has 60 conventional branches and 6 Islamic branches in
Oman and 1 branch each in Egypt, Abu Dhabi and Dubai. UAB is
headquartered in Sharjah, with total assets of AED 22.5 billion as at 30
June 2016, and operates 25 branches across the emirates in the UAE.
Building on the successful execution of the Bank’s expansion strategy to
date, Commercial Bank completed the acquisition of a majority stake in
Alternatifbank in Turkey in July 2013.
Commercial Bank enjoys strong credit ratings of (A2) from Moody’s, (A+)
from Fitch, and (BBB+) from Standard & Poor’s. The Bank is listed on the
Qatar Exchange and was the first Qatari bank to list its Global
Depository Receipts (GDRs) on the London Stock Exchange. Commercial
Bank’s Swiss Franc bond issuance in December 2010, listed on the SIX
Swiss Exchange, was the first public bond issuance by a Qatari bank in
Switzerland. Commercial Bank’s latest bond issuance in June 2014 and
June 2016 are listed on the Irish Stock Exchange.
Commercial Bank was awarded “SME Bank of the Year” for 2016 by The Asian
Banker based on its wide-ranging achievements over the past three years,
specialised team and customer focused products and services for SMEs.
Commercial Bank also won the “Best Contact Centre” award at The Gulf
Customer Experience Awards 2015 for outstanding customer service. In
recognition of its CSR activities benefitting the Qatari community,
Commercial Bank was awarded the “Best CSR Report”, at the Corporate
Social Responsibility awards ceremony for organisations in Qatar
The Bank is dedicated to supporting Qatar’s community and social
infrastructure through Corporate Social Responsibility programmes and
sponsorship of various events. Title sponsorship of the Commercial Bank
Qatar Masters reflects the Bank’s promotion of excellence in sports and
its keen interest in enhancing Qatar’s international sporting reputation.
www.cbq.qa
About Alternatifbank (ABank)
ABank was established in 1991 and has been listed on the Istanbul Stock
Exchange since 1995. Commercial Bank became the majority shareholder in
ABank in 2013 holding a 74.24% stake, following the acquisition of ABank
shares of 70.84% from the Anadolu Group and 3.40% through a public
tender offer. Anadolu Group remains a significant shareholder retaining
25% of shares in ABank. Currently the Bank owns 75% of ABank shares.
ABank is a mid-size Turkish bank that predominately serves medium-sized
companies through a country-wide network of 54 branches in 20 cities.
ABank provides commercial/corporate banking services and products, with
a special focus on the growing segment of Small and Medium-Sized
Enterprises. ABank’s main product ranges cover trade finance
instruments, working capital finance, cash management, and portfolio
management.
At 30 June 2016, ABank had total assets of TL 14.8 billion, total loans
stood at TL 10 billion, customer deposits of TL 7.2 billion and
shareholders’ equity of TL 1.2 billion.
http://wwweng.abank.com.tr
About 01 Systems
01 Systems is a leading software solutions provider, with more than 30
years of innovation in the fields of enterprise signatory management,
content management, business process automation and branch digitization.
Focused on the financial sector, 01 Systems assists more than 300
customers globally, to efficiently process/authorize millions of daily
transactions. 01 Systems Website at http://www.01systems.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160803005565/en/
Source: NCR Corporation
NCR Corporation
Rakesh Aulaya, 912.261.954.583
rakesh.aulaya@ncr.com
or
Commercial
Bank
Ibrahim Al-Emadi, +974 4475 4748
Head of Corporate
Communications
ibrahim.alemadi@cbq.qa