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UNB selects Raqmiyat for banking solution

Union National Bank (UNB), one of the major UAE based financial institutions, has recently signed a contract with Raqmiyat, a leading Systems Integrator and Banking Solution provider, for the replacement of its e-Payment and card management infrastructure by ESP/LINK FTS and ESP/LINK CCS solutions from SLMsoft, Canada.

  • United Arab Emirates: Wednesday, February 26 - 2003 at 11:42
  • PRESS RELEASE


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'Having an aggressive plan related to card issuing and acquiring business under dynamic market and technology trends like the dominance of EMV technology and several security and technology enhancements imposed by VISA and MasterCard, we had to convert to a state-of-the-art solution that could enable us to stay in control of these ever-growing challenges.' said Brian West, Head of ITD, Union National Bank. 'Raqmiyat's solution from SLMsoft had a proven track record which ensures us business continuity and compliance with modern technology. We have surveyed several impressive success stories in the region which made us feel confident in taking our decision', he added.

Union National Bank is a major issuer of credit and debit cards in the UAE. The bank is running one of the largest networks of ATMs and deposit machines in the country. Expansion plans in terms of number of cards and terminals are impressive. Also, innovative conversion to state-of-the-art products in card business will take place involving enhanced functionality and services to clients.

'Raqmiyat is pleased to contribute to the success of UNB in achieving its aggressive expansion and modernization plan. We believe that Raqmiyat's track record of delivering successful projects in time, coupled with SLMsoft technology solutions will enable the bank to meet its objectives. It is a matter of great honour and prestige to add the name of UNB to our list of successful UAE customers.' said Tapas Roy, Chief Operating officer, Raqmiyat LLC.

The project involves migration to ESP/Link Comprehensive Card Solution CCS as the primary card management platform for all the range of products issued by UNB. CCS has a proven track record in managing sophisticated card product profiles in large volumes with major financial institutions worldwide. ESP/LINK Financial Transaction Solution FTS will be the backbone e-Payment switch driving ATMs, Deposit Machines and enabling connectivity to UNB different back office systems and delivery channels including UNINET Internet banking, SMS and phone banking. It will also provide connectivity and settlement with local, regional and international payment networks like UAESWITCH, VISA and MasterCard.

'We are delighted to be appointed by UNB for this major project. Our commitment to the UAE and Middle East market is evident. UNB will be able to embark its planned technology leap and launch its planned products and services by using our proven technology products.' said Manou Shahali, VP International Sales, SLMsoft Inc.


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About Union National Bank
Established as a Public Joint Stock Company in 1982, UNB is one of the leading domestic banks in the United Arab Emirates, headquartered in Abu Dhabi. UNB offers a variety of products and services, addressing needs ranging from basic requirements of individuals to the more complex requirements of corporate entities. Electronic delivery channels, ably supported by an extensive branch network encompassing 26 locations across all the emirates in the country, offer greater banking convenience to UNB customers.

UNB is the only bank that is jointly owned by the Governments of Abu Dhabi and Dubai. UNB Chairman, H. H. Sheikh Nahayan Mabarak Al Nahayan, Minister of Education and Scientific Research, is well supported by the Board of Directors that consists of eminent business personalities and Senior Management team which is made up of experienced professionals.
UNB's vision and mission is clearly defined and its business strategy is well understood by all staff across the bank. UNB commitment to quality and to the business objectives is clearly reflected in its financial performance over the recent past.
Visit http://www.unb.co.ae

About Raqmiyat LLC

Raqmiyat has been providing total turnkey solutions to banks and financial institutions in the UAE since more than 17 years. As a major system integration and IT services company, Raqmiyat provides world class business and technology solutions through its partnership with international firms of repute. Professional services and support capabilities ensures quality deliverables from Raqmiyat.

Raqmiyat is the primary IT Company of the Al Ghurair business group. With an objective of addressing the growing segment of emerging technology markets. Raqmiyat has a strong local presence, with strategically located offices in DUBAI and ABU DHABI. Raqmiyat has emerged as one of UAE's most trusted names as an IT Solutions Provider and Systems Integrator.

Raqmiyat started its partnership with SLMsoft Inc. in 2000. Since then major success has been achieved with several clients in the UAE including major projects like replacement and enhancement of the UAESWITCH platform and establishing an ASP model e-Banking and e-Payment Infrastructure with Central Bank of the UAE. Another major project was one of the largest UAE EFT/POS management networks with state of the art EMV acquiring capabilities with MashreqBank. Raqmiyat is the exclusive distributor of SLMsoft technology solutions in the UAE.

Visit: http://www.raqmiyat.com

About SLMsoft Inc.
Founded in 1986, SLMsoft Inc. is a leading developer of electronic payment systems and transaction processing solutions, including e-commerce applications with a focus on the financial services industry. SLMsoft Inc. provides real-time end-to-end e-banking solutions that include Internet banking, interactive voice recognition (IVR), debit and credit card issuing, automated teller machines and point-of-sale network management, retail branch management, and e-CRM enabling technology. SLMsoft Inc. also provides investment brokerage client and portfolio management applications for the brokerage industry; e-health solutions which enable health insurance claims to be evaluated at the point of service, processed and settled in real time; and e-government solutions which enable consumers to pay fees for government services in person, at kiosks, through IVR systems or the Internet.
Visit: http://www.slmsoft.com
Anne-Birte Stensgaard Posted by Anne-Birte Stensgaard, News Editor
Wednesday, February 26 - 2003 at 11:42 UAE local time (GMT+4)

Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.

This Article was updated on Wednesday, October 15 - 2003


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