National Bank of Fujairah improves its ATM and POS transactional processing response time significantly after successful implementation of pennApps Host Integrator…
August 5, 2014 Hyderabad – Pennant Technologies, a leading provider of software services and products to leading banks and financial Institutions across Middle East, announced the successful implementation of pennApps Host Integrator with National Bank of Fujairah, UAE.
pennApps Host Integrator is a comprehensive and modular solution to effectively integrate the ATM/POS channel with Core Banking System. Network messages are seamlessly processed and transactions are authorized with the host integrator’s inbuilt capability that facilitates communication between ATM/POS controllers and core banking system.
With this implementation, National Bank of Fujairah achieved its core objective of improving transactional response times. Now all the ATM and POS transactions of National Bank of Fujairah are being processed by pennApps Host Integrator.
“We are confident of meeting our client expectations as the product is proven and matured over the years leveraging the latest technological advancements. Given any day, millions of transactions are being processed by the same solution across the region as it is running successfully in the five leading banks of the region. Given the sensitivity and criticality of the ATM and POS transaction, we have spent numerous efforts to build the solution with fail proof processing architecture and the comprehensive transactional traceability so as to offer enhanced operational efficiency to our clients.” says Rama Krishna Raju, CEO of Pennant.
About National Bank of Fujairah PJSC:
Incorporated in 1982, National Bank of Fujairah PJSC (NBF) is a full services corporate bank with strong corporate and commercial banking, treasury and trade finance expertise as well as an expanding suite of personal banking options. Leveraging its deep banking experience and market insight within Fujairah and the UAE, NBF is well-positioned to build lasting relationships with its clients and help them achieve their business goals.
NBF’s key shareholders include the Government of Fujairah, Easa Saleh Al Gurg Company LLC and Investment Corporation of Dubai. Rated Baa1/Prime-2 by Moody’s and BBB+/A-2 by Standard & Poor’s, both with a stable outlook, the bank is listed on the Abu Dhabi Securities Exchange under the symbol “NBF”. It has a branch network of 15 across the UAE.
Pennant Technologies, dynamic and innovative software solutions and services company offers comprehensive suite of end-to-end business driven technology services and next generation software products covering all the functional areas of BFSI vertical. Pennant offers the right-fit and next generation products that address the unique requirements of banking. The suite of offerings includes Islamic Finance Factory, Cross Sell, Interactive Communication Manager, Enterprise Social Media Management, Notification Manager, Lending Factory, Direct Debit, Host Integrator, Utility Bill Pay and Business Continuity.
The company’s suite of solutions and services encompasses Enterprise Application Integration Services, Application Services comprising Application design, development, maintenance services and Consulting services comprising IT consulting and Business Continuity Management services.
Pennant empowers its customers to effectively address their business challenges with its deep domain expertise backed with excellent insights of local market dynamics and leveraging the latest technology advancements.