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| Pennant technologies, a leading Technology Solutions and Services Company based in Hyderabad announced that it has won World Finance’s award for “Best Financial Technology Company, Asia” for the year 2010 at London stock exchange, London, United Kingdom. |
| World Finance awards are
designed to emphasise the importance of IT as a key driver in business
and to acknowledge and reward technology specialists working within the sector |
| World Finance recognises that Pennant Technologies are delivering the right fit and next generation business driven technology solutions that truly address the business challenges of the organizations. In June 2010 in London World Finance magazine announced the results of the annual award in the category World Financial Technology Awards for 2010 and Pennant Technologies was announced as a winner in the nomination of "Best Finance Technology Company" in ASIA region. |
| The award aims to pinpoint the organizations excelled with strategic adoption of IT as key business enabler, is determined by a distinguished panel of judges gathered by the financial publication World Finance. Pennant excelled in criteria including Technical leadership, innovation, proof of development and continued progress to emerge number one in the ‘Best Financial Technology Company, Asia of the Year 2010’, category in World Finance Technology Awards 2010. Full on-line coverage is available at:
http://www.worldfinance.com/winners_articles.php?article_id=491 |
| Pennant Technologies is pioneered by a team of banking technology professionals, who have more than a decade experience in the Middle East banking space. Starting from 2006 till today, Pennant has been working closely with over ten leading banking majors of the Middle East delivering variety of technological solutions that truly addresses their business challenges. |
| Ramakrishna Raju, CEO of Pennant, says. “We feel honoured to receive this award from World Finance Magazine and especially we are delighted to receive this recognition from the industry's top decision makers in an industry in which Pennant operates”. |
| He further added “Pennant always focuses on delivering right fit and next generation solutions that truly address the business challenges of our customers using the technology as key business enabler and this award confirms our excellence in our focus. This award is affirmation from our clients that we deliver technology solutions and services aligned to their business needs and challenges. |
| He further added "This recognition acknowledges the tireless efforts and contribution of every member of our team.” |
| Building on decades of experience, Pennant is continually enhancing its service and solution offerings to provide our clients with new technologies that fuel performance and lead directly to improved business results. |
| For more information about Pennant Technologies, please visit the company’s Web site at www.pennanttech.com or alternatively at www.pennant.in . |
| Pennant Technologies, a dynamic and innovative software solutions and services company providing end-to-end services and solutions to various clients across the world. With our deep domain expertise coupled with the technological insights, we have positioned ourselves to deliver business capability in-line with your expectations. We are fully aware of your imperatives to leverage IT investment and to effectively utilize the IT as capability builder. We help our clients to generate more value through an innovative approach by delivering the business capability with well-integrated supporting technologies. Please Contact Us for further Information on our Services. |
| The World Finance Technology awards are designed to emphasise the importance of IT as a key driver in business and to acknowledge and reward technology specialists working within the sector. World Finance editorial board used as their criteria databases, networked computer clusters, back-office operations, derivative securities, regulation, compliance, bootstrap statistics, optimisation and risk management. In addition to soliciting the votes of users of the World Finance website, the magazine also gathers the votes of its 40,000 readers, who represent top industry decision-makers worldwide. World Finance is a leading provider of financial news, which reaches 120,000 key decision-makers around the world. The magazine will publicize this year’s award recipients in the July/August 2010 issue. |
| For further information, go to http://www.worldfinance.com the latest economic and financial commentary from around the globe. Also, see our videos, at http://www.worldfinance.tv, where some of the latest opinion videos are showcased. World Finance is published by World News Media. World News Media is a leading publisher of quality financial and business magazines, enjoying a global distribution network that includes subscriber lists of the most prominent and senior decision-makers around the world. |
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| Pennant Technologies ATM Host integrator product enabled Al Baraka Islamic Bank, Bahrain, a leading Islamic bank in Bahrain to seamlessly process the ATM and Debit card transactions across its ATM network |
| Pennant customized and implemented its ATM host integrator product at Al Baraka Islamic bank, Bahrain enabling the bank to seamlessly process all the ATM and Debit card transactions emanating from ATM switch. The ATM Host Integrator can process the Bank customer’s transactions processed from its ATM machines or any GCC Switch network ATM or MasterCard network ATM’s.
The flexibility of the product and the extensive parameterization built in the system enabled the bank to go-live in no time. In addition, the product compliance with ISO messaging structure enabled the bank to successfully implement the application with minimum customizations.
ATM host integrator offers unmatched flexibility enabling the bank to configure various transaction processing parameters due to the extensive parameterization available in the product. Pennant assisted the bank in configuration that addresses various complexities intrinsic to the very basic nature of the ATM and Debit card transactions.
The successful implementation enabled Bank to comply with regulatory requirements. The accounting engine and the extensive data logging features built in the product have minimized the efforts required to configure the accounting process. |
| Al Baraka Islamic Bank – Bahrain (AIB - Bahrain) established 1984 in Bahrain and up the years has pioneered the development of Islamic banking and finance. AIB - Bahrain with a longstanding track record of delivering excellence, innovation and superior results, the Bank ranks among the leading providers of Islamic investment banking products and services to a growing global clientele, focused exclusively on the development and delivery of unique investment solutions of Sharia's compliant. AIB - Bahrain is one of the Banking Units of Al Baraka Banking Group’s (ABG). |
| Pennant Technologies, a dynamic and innovative software solutions and services company providing end-to-end services and solutions to various clients across the world. With our deep domain expertise coupled with the technological insights, we have positioned ourselves to deliver business capability in-line with your expectations. We are fully aware of your imperatives to leverage IT investment and to effectively utilize the IT as capability builder. We help our clients to generate more value through an innovative approach by delivering the business capability with well-integrated supporting technologies. Please Contact Us for further Information on our Services. |
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| Enterprise Application Integration Practices at Pennant Technologies crosses a significant milestone |
Pennant announced that its Enterprise Application Integration Practice has successfully implemented enterprise application integration solutions encompassing all the available electronic channels with various core banking applications across leading banks of Middle East. With this, Pennant integrated the entire next generation alternative banking service delivery channels with the core banking application, which demonstrates the excellent technical and domain capabilities of Pennant.
Enterprise Application Integration services are a niche practice in the technology services arena, which requires excellent functional expertise and the intricacies of the information flow requirement across the various applications. In addition successful implementation of the enterprise application integration necessitates constant coordination with various application personnel and the respective vendors, which often becomes a daunting task.
“We have started offering the best in class application integration services from the inception of the Pennant and we believe our excellent technical and functional expertise coupled with our understanding of enterprise application integration services from business perspective helped to achieve the outstanding results. We have always delivered the solutions within the stipulated timelines and well within the budget. Achieving this milestone reaffirms that we have mastered in this particular practice and for this we have to thank our customers for keeping faith in us and giving us the opportunity to prove our capabilities. We can proudly say that we have always lived up to their expectations and delivered the business capabilities in each and every offering” said Rama Krishna Raju, Director, Pennant Technologies.
Enterprise Application Integration practice team successfully integrated the core banking with the below Electronic/Alternate service delivery channels:
- Online Banking Services
- Telephone Banking Services
- SMS Banking Services
- ATM’s and Cash/Cheque deposit Machines
In addition, the team successfully integrated the core banking with other stand-alone processing systems namely retail lending, treasury and card payment processing systems with Core banking. |
| Pennant Technologies, a dynamic and innovative software solutions and services company providing end-to-end services and solutions to various clients across the world. With our deep domain expertise coupled with the technological insights, we have positioned ourselves to deliver business capability in-line with your expectations. We are fully aware of your imperatives to leverage IT investment and to effectively utilize the IT as capability builder. We help our clients to generate more value through an innovative approach by delivering the business capability with well-integrated supporting technologies. Please Contact Us for further Information on our Services. |
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| Pennant Technologies enabled Sharjah Islamic Bank, a leading bank in UAE to successfully launch online banking services with its Enterprise Application Integration solution |
Pennant Technologies successfully completed the integration of online banking product with the core banking application at Sharjah Islamic Bank, a leading islamic bank known for offering innovative islamic banking products.
Pennant has longstanding relationship with Sharjah Islamic Bank right from the inception and offered many technology related services. With the recent implementation of the Application integration services for Online banking application, Pennant enabled Sharjah Islamic Bank in offering excellent convenience to the customers in performing their banking transactions.
Pennant further solidifies its relationship with Sharjah Islamic Bank by continuously offering variety of technology solutions that meets the business needs of the bank and it values the relationship and often willing to go the extra mile to deliver the business capabilities.
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The Sharjah Islamic Bank, formerly known as National Bank of Sharjah, was founded in 1975 by an Amiri decree issued by H.H. Dr. Sultan Bin Mohammed Al Qassimi, Member of the Supreme Council, and Ruler of Sharjah, to provide commercial banking services to firms and individuals.
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| Pennant Technologies, a dynamic and innovative software solutions and services company providing end-to-end services and solutions to various clients across the world. With our deep domain expertise coupled with the technological insights, we have positioned ourselves to deliver business capability in-line with your expectations. We are fully aware of your imperatives to leverage IT investment and to effectively utilize the IT as capability builder. We help our clients to generate more value through an innovative approach by delivering the business capability with well-integrated supporting technologies. Please Contact Us for further Information on our Services. |
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