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Infosys in strategic pact with NBAD 

Mini K Joseph  
Bangalore: Infosys Technologies Ltd has announced a strategic e-commerce partnership with National Bank of Abu Dhabi (NBAD) to provide e-commerce and Internet banking services to the bank's customers in UAE.

The bank will deploy BankAway, the powerful e-commerce platform from Infosys.The bank's chief financial officer Robert Rayment said with the initiative, the Bank would offer Internet banking services to both its retail and corporate customers.

Apart from being able to conduct routine banking activities like account balance inquiry, transaction inquiries and funds transfers, customers would be able to pay their bills online and manage limits and conduct trade finance activities like lodging letters of credit, managing bills etc.

This would also facilitate customers to conduct mobile banking activities through the WAP (Wireless Application Protocol) and SMS (Short Messaging Service) features in BankAway.

NBAD would be the first bank in UAE to provide such a comprehensive e-commerce service offering to its customers.

Infosys' associate vice president & head sales and marketing (Banking Business Unit) Merwin Fernandes said, ``Infosys has a long term commitment to provide leading edge world-class solutions to the banking industry in the West Asia. We are very happy that National Bank of Abu Dhabi has chosen us over other International solution vendors.''

He said Infosys was focussing strongly in the area of e-commerce and had been developing world-class solutions to meet the needs of customers.

BankAway is one of the few e-commerce and Internet banking solutions in the world that offers the whole gamut of banking activities over the Internet.

Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.

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