SOFGEN completed T24<sup>TM</sup> upgrade at National Bank of Fujairah
SOFGEN Holdings Limited (SOFGEN), an international provider of IT solutions for banks, has announced the successful completion of an eight-month project at National Bank of Fujairah (NBF), in which SOFGEN upgraded the bank's implementation of T24™ from R6 to R10.
The full upgrade project was completed on time and to budget, and included the technical upgrade, implementation of four new core modules, as well as custom development of new functionality requested by NBF. After in-depth performance tuning, SOFGEN rolled out the new version and enhancements to the bank's head office and 14 branches.
"SOFGEN's performance on this project exceeded expectations," said NBF's Chief Operations Officer T. N. Sekhar. "The development and management teams were skilled, efficient, and communicative, and were clearly as invested in the success of our upgrade as we were.
"As a bank that has established a reputation for excellence in the UAE, we are pleased to have found in SOFGEN a like-minded and professional partner that has been able to help us augment our operational capabilities for long-term growth; we thank the team for all its efforts."
Bernard Delahaye, Regional Director, Temenos said: "NBF is a valued customer of Temenos and we are delighted that their upgrade was delivered successfully. The T24 Upgrade will provide NBF with a market leading, up-to-date banking platform, bringing additional functionality, best practice business processes and operational efficiency. This puts them in a great position to expand, launch new products and enter new markets. We are pleased with the delivery of another successful upgrade by our partner SOFGEN."
"It was a pleasure to work with NBF on such a seamless upgrade, and we very much look forward to serving the bank on an ongoing basis," said Dan Galezer, Managing Director of Projects & Delivery for SOFGEN. "This project strengthens our presence in the Middle East, and provides an excellent stepping stone for further advancement in the region."
About SOFGEN Holdings Limited
Founded in 1999, SOFGEN delivers core banking and related IT solutions to some of the world's most prestigious financial institutions in the areas of Retail, Corporate and Private Banking, as well as Microfinance. We offer an unmatched level of experience in helping banks select, implement, and support their core banking systems. It is SOFGEN's objective to become the largest independent, multi-platform, global consultancy in the core banking services market. The SOFGEN group's 450 employees serve over 170 clients on a variety of banking platforms from 20 offices on 5 continents. For more information, please visit www.sofgen.com.
About National Bank of Fujairah PSC
Incorporated in 1982, National Bank of Fujairah PSC (NBF) is a full services corporate bank with strong wholesale 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, Investment Corporation of Dubai and Easa Saleh Al Gurg Company LLC. It is listed on the Abu Dhabi Securities Exchange under the symbol "NBF" and has a branch network of 14 across the UAE.
+41 (0)22 879 95 70
National Bank of Fujairah
+971 4 3971700
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.
Corporate Communications Department
Telephone: +971 4 397 1700
Facsimile: +971 4 3972 371