Sumer Commercial Bank in Iraq has targeted an August 2014 launch date for its new core banking system, Capital Banking Solutions’ CapitalBanker. The project kicked off towards the end of last year and will replace the bank’s in-house developed legacy system, which Fouad Hamza Al-Saeed, general manager at Sumer Commercial Bank, describes as ‘obsolete’. ‘We have to keep up with the other banks in the region,’ he states.