About Fransabank
Fransabank, founded in 1921, is one of Lebanon’s oldest and most respected banks, offering a comprehensive range of financial services to individuals, businesses, and institutions. With a broad network of branches and ATMs, the bank provides retail banking, corporate banking, investment services, and wealth management, supported by cutting-edge digital solutions to meet the diverse needs of its clients. Fransabank is renowned for its resilience, commitment to financial integrity, and exceptional customer service.
In addition to its banking operations, Fransabank is dedicated to corporate social responsibility, engaging in numerous social and environmental initiatives. The bank focuses on sustainable growth, technological innovation, and continuous service enhancement to stay at the forefront of the financial industry. Through strategic partnerships and a progressive outlook, Fransabank strives to drive economic development and make a positive impact on the communities it serves.
Seamlessly Transitioning to SaaS
Fransabank faced significant challenges with its aging internal IT infrastructure and the impending end of maintenance for its SAB banking system. The bank needed to decide between maintaining an in-house solution or transitioning to a more modern, scalable option. Given their expanding client base, predominantly non-residential corporate clients requiring robust trade finance and corporate financing solutions, it became evident that the existing system could not meet their growing demands efficiently. The bank struggled with limited internal resources and the complexity of managing their core banking system, which necessitated a dependable and comprehensive solution.
“The relationship with Sopra Banking allows us to totally outsource our core banking infrastructure, with all the security, monitoring and management.”
Firaz Azzi, General Deputy Manager for Fransabank
