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For Immediate Release

FFS Acquires the Full Ownership Rights of AFiT eBanking Intellectual Property

eBanking is an extensive suite of online customer facing services that enhance our abilities to service financial institution with cross-channel online banking experience management

Dubai, United Arab Emirates — Thursday, 11 December 2014, FFS Software Solutions Company LLC (FFS®), the first choice software provider of financial solutions, announced today that it reached a definite agreement with AFiT Company to acquire full eBanking intellectual property.

“We are pleased to conclude this agreement with FFS® to ensure a professional transfer of the ownership of eBanking.”commented Mr. Hamed Y. Al-Zayed, Vice Chairman of AFiT Company.

Through this agreement, AFiT® will do a transfer to FFS® the ownership of all eBanking intellectual property rights including patents, trade-marks, copyrights, system designs, and technical information.

eBanking is an extensive suite of online customer facing services that enhance our abilities to service our financial institution clients with real-time, self-service, and cross-channel eBanking experience management.

FFS® has been incorporated with the right resources and focused strategy to service eBanking client globally efficiently and effectively, Said Haitham S. Al-Faris, Chairman and CEO at FFS® Company.


eBanking was designed to provide clients with elegant and smart user experience to interact with the bank across all channels. FFS® is delighted to exceed its clients’ expectations and objective with our pioneered eBanking solution. Mr. Al-Faris added.

FFS® eBanking, a proven solution that is live at several banks, goes beyond pure-play Internet Banking to deliver consistent and comprehensive Cross-Channel eBanking Customer Experience Management solution. FFS® eBanking:

  • Provides customers with a single point of access to bank payment, cash management, trade services and information management capabilities;
  • Enables single unified platform for consumer, and for corporate, small or large;
  • Delivers cross-channel capability across business sizes and channels (Web, mobile, branch and call center);
  • Leverages the latest technology to support multi-entity and configurable services easily.
  • Is RASP, meaning it is highly Reliable, Available, and Secured with high P
  • Has quick deployment time with rapid ROI, very cost effective with low TCO compared to the rest.

About AFiT®

Al-Faris Information Technologies Co. (AFiT®) is a Kuwaiti Shareholding Company (Closed), located in Kuwait City, State of Kuwait with regional offices and presence around the Middle East. AFiT®, founded in July 1988, is the Middle East e-Business Innovator delivering solutions and services for growing enterprises. AFiT® designs and build scalable innovative eBusiness solutions that are built based on “best of breed" technology and superior service that create massive economic results to the clients. AFiT®provides innovative, open and flexible customer facing solutions of cross-channel eCommerce for Telecom and Retail, and Financial solution capitalizing on the Internet technologies to transform the way AFiT clients support their customers, develop their markets, and build their business to stay competitive.


AFiT® assures quality and customer satisfaction through continual improvement providing delivery of the highest quality products and services helped us achieves ISO 9001:2000 certification in the State of Kuwait. For more information, please visit: www.afitco.com

About FFS®

FFS Software Solutions Company LLC (FFS®)is a UAE Company, headquartered in Dubai, with regional offices and presence around the Middle East.

FFS® First Financial Solutions (FFS) is a leading software development and consulting firm focused on making the financial solutions more efficient and effective for commercial, investment and central banks.

FFS® aims to the First Choice financial software solutions provider to financial institutions wherever they are. FFS® will focus on providing solutions to enhance the financial capabilities of banks. For more information, please visit: www.FFSCompany.com

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