Deals

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.