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UAE Bank Adopts FinnOne

National Bank of Umm Al Qaiwain, one of the leading financial institutions

in UAE, has chosen Nucleus award winning FinnOne Suite for its retail finance

division, to power auto, personal & home loans. FinnOneTM, an internationally

proven product solution, will provide the Bank with a comprehensive, powerful,

and flexible system to support their loan origination process and help in

delinquency management. Thereby, reducing turnaround time and efficiently

filtering out bad debts to increase profitability and create a differentiated

customer experience.

IBM Signs $5 mn Kotak deal

IBM has signed a $5 mn IT services agreement with Kotak Mahindra Bank. As

per the deal, IBM will design, build and maintain a highly scalable,

energy-efficient green data center as well as the converged IP network

infrastructure for the client, said a press release. The solution being

implemented by IBM will also help Kotak save over $1.2 mn in operational

efficiency and reduced energy costs over the next five years. This

implementation will help Kotak move towards a shared technology infrastructure

services model across all its businesses, the release added.

Net4Nuts, Virgin Tie-up

Net4Nuts, the mobile value added service provider has tied up with Virgin

Mobile to deploy its mobile email servicevMail. This mobile email service will

be available on Virgin Mobiles mobile portal, Vbytes. Using this service,

Virgin Mobile subscribers can access e-mails on various browser-enabled cell

phones models such as vKewl and vSleek at low cost of Rs 5 per day. These Virgin

Mobile branded handsets have the one-touch access button feature that directly

help to access Vbytes data portal for VAS.