Bank of Commerce and Development signs Finastra for digital transformation

Move will power bank’s new online and mobile services in Libya. Islamic banking software will also open new revenue streams.

Dubai, United Arab Emirates, 8 November 2017 – Bank of Commerce and Development (BCD) has signed Finastra to support its digital transformation and bring new banking services to consumers and businesses in Libya. FusionBanking Essence Digital Channels and FusionBanking Essence Teller will power digital payments and transactions to support easier access to online and mobile financial services in the region. 

The bank will also roll out FusionBanking Essence Islamic, enabling it to build a new revenue stream in Islamic banking. The deal was signed today at Finastra Universe Dubai, the company’s flagship thought leadership conference in the region. 

To view the full press release, please visit