Phase one of the Orange network solution will support the National Bank of Abu Dhabi with their plans to centralize their applications and interconnect their sites in the UAE, Egypt, Kuwait and Oman. Phase two, due for completion this month, will link other sites across the GCC with sites France and the UK.
Banking organizations need to control communication and information to meet regulatory requirements in addition to the increasing demands for security, reliability, privacy and data protection; they also need to remove the boundaries between people and information.
Linking their sites and people securely to SWIFT, the industry-owned co-operative supplying secure, standardized messaging services and interface software to financial institutions is a key objective for the bank. Orange Business Services' managed secure IP-based networking solutions support the communications needs of organizations like National Bank of Abu Dhabi and others in the finance industry.
"It has been our strategy as a leading bank to centralize our IT operation as much as possible for ease of support and consolidation and National Bank of Abu Dhabi is pleased to be working with Orange in order to achieve that goal. This means that we can focus on our core businesses and concentrate on our customer needs globally instead of being diverted by technology," said Mr. Srood Sherif, CIO of National Bank of Abu Dhabi.
"Like National Bank of Abu Dhabi, we are a customer-focussed business, harnessing creativity and innovation. The IP transformation that the bank is going through and the centralization of their applications will bring them substantial competitive advantage because they will be able to leverage knowledge and resources at branches right across the Gulf region and later in Europe. Their customer interactions will be more effective and flexible, and this will enable National Bank of Abu Dhabi to grow their business and gain even more competitive advantage in their market," said Ahmed Hamzawy, head of sales for the Middle East and North Africa region at Orange Business Services.
In addition to National Bank of Abu Dhabi Orange Business Services works with other customers in the financial services sector in the Middle East, including EFG Hermes, the National Bank of Egypt and the Central Bank of Egypt. In addition, Orange Business services supports 1,300 trading floors in 58 countries, with trading desks and networks, and works with 50 per cent of the Fortune 100 companies in Europe, and 50 per cent of the Fortune 500 financial service companies.
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NBAD banks on Orange Business Services to support expansion plans
- United Arab Emirates: Monday, November 26 - 2007 at 14:19
- PRESS RELEASE
Orange Business Services has announced the completion of the first phase of an IP-based network contract with National Bank Abu Dhabi (NBAD), the number one bank in the United Arab Emirate's and winner of the Arab Technology Awards 2005 for 'Outstanding use of IT in Financial Services'.
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About NBADThe National Bank of Abu Dhabi (NBAD), The Number One Bank in UAE, was incorporated in 1968.
NBAD has a network of 74 branches in the UAE in addition to Cash offices that are spread out at remote locations to provide banking services to customers stationed at offshore oil operations and in desert locations as well as other government organizations. NBAD also has three Shift offices inside the security areas of the Abu Dhabi International Airport providing currency & traveler's cheques exchange services.
The branch network is widened further with 187 ATMs through which customers perform a variety of transactions.
Besides brick & mortar branches, NBAD provides 24 hour internet banking accessibility through NbadOnline and NbadDirect, as well as account access and personalized customer support through the 24-hour Call Centre.
NBAD's overseas network stretches from Oman and Bahrain in the G.C.C., Egypt and Sudan in Africa, London, Paris, and Geneva in Europe to Washington D.C. in the U.S.A.
The bank provides its customers with a wide variety of financial services targeting all segments of the retail and corporate market, in addition to Fund Management, Brokerage, Leasing, Property Management businesses and Private Banking.
NBAD is an award winning leader in the UAE and GCC financial services industry. Awards won by the bank include 'Best Bank in UAE' from Euromoney and Banker publications, the Sheikh Khalifa Gold Award, the Dubai Quality Award,' Human Resources Development Award' from the Emirates Institute for Banking & Financial Studies, the 'Middle East e-Banking Country Award', the 'Outstanding use of IT in Financial Services Award, and the excellence award for 'Best use of Technology'
from Banker Middle East.
NBAD, The Number One Bank in UAE, is poised for further growth in line with its Vision - To be the Number One Arab Bank.
About Orange
Orange is the key brand of France Telecom, one of the world's leading telecommunications operators.
France Telecom serves more than 163 million customers in five continents (220 countries or territories) as of June 30, 2007, of which two thirds are Orange customers. The Group had consolidated sales of 51.7 billion euros in 2006 (25,9 billion euros for the 1st semester of 2007).
Launched in June 2005, France Telecom's NExT program (New Experience in
Telecommunications) will enable the Group to pursue its transformation as an integrated operator and make France Telecom the benchmark for new telecommunications services in Europe. In 2006, Orange became the Group's single brand for Internet, television and mobile services in the majority of countries where the company operates, and Orange Business Services the banner for services offered to businesses worldwide. France Telecom is the number three mobile operator and the number one provider of broadband internet services in Europe and one of the world leaders in providing telecommunication services to multinational companies. France Telecom (NYSE:FTE) is listed on Euronext Paris and on the New York Stock Exchange.
Orange and any other Orange product or service names included in this material are trade marks of Orange Personal Communications Services Limited.
Media Inquiries:
Ehab Khairi
Media & PR Manager
National Bank of Abu Dhabi
Tel: +971 2 6111190
Jonathan Walsh
WPR Limited
Tel: + 971 50 4588610
Posted by Medilyn Manibo, Assistant News EditorMonday, November 26 - 2007 at 14:19 UAE local time (GMT+4)
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