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Sun 1 Oct 2006 12:00 AM

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NBF Overhauls Core Systems

GBM to install software and hardware components

Gulf Business Machines (GBM) has taken a central role in National Bank of Fujairah’s (NBF’s) recent implementation of a new core banking system.

GBM was selected to implement new IBM System p Servers, IBM System x Servers, an IBM DS4300 storage subsystem, IBM WebSphere, MQ Series and Tivoli software, as well as various Cisco networking components.

“The IBM hardware solution is an integral part of our core banking integration and is set to help take our customer service offering to a new level,” said Asad Ahmed, general manager, NBF.

“Customer service will be enhanced as a result of increased flexibility, scalability, integration and operational simplicity, while internal productivity will be improved and the ability will exist to develop more innovative delivery channels and offer new and innovative banking products.”

The technology upgrade follows a thorough review of the bank’s existing infrastructure.

According to NBF, the implementation will result in better products and services, and will allow for new ways of interacting with the bank.

“The new system will enable the bank to open up its online banking, offering a wider variety of services and products to its customers,” said Ashok Bhola, General Manager, United Computer and Management Consultancy (UCMC), GBM’s operation in Dubai.

“The solution, scheduled to go live in March 2007, will provide the bank with a suitable environment for the product teams to introduce new products into the bank’s product range.”

NBF has seen steady growth in its corporate banking and trade finance operations since its establishment in 1982, and it now has ‘ambitious plans’ to further widen its product and service range.

These plans call for the selective expansion of its retail banking services while steadily expanding its existing corporate banking operation.

This made the current IT overhaul essential.

“The selection of GBM over competing contenders followed a thorough review of the overall value proposition each offered,” said Sanjay Rajani, head, information systems and technology division, NBF.

“The GBM offer provided the reliability of a well established player in the banking solutions arena, as well a global partnership with our software providers, ensuring a well integrated end system.”

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