 |  |  | | | | ABANA – Awarded by THALES as the Best Distributor of the Year 2005 |  | | | April 20, 2006
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April 20, 2006, Riyadh, KSA – In 2005, more than 6,000 POS terminals have been rolled out to the market by Abana Enterprises Group Co. which gave reason to its 10-year business partner, Thales, to recognize Abana's excellence in Marketing, Maintenance Service and Application Development for the local Saudi market.
Christian Reiling, the Vice President of Thales, hand over the prestigious World-wide Excellence Award to Mr. Abdullah Bin Jebreen, President of Abana Enterprises, on April 20 2006 in Riyadh, KSA. "It is an honor for Abana to receive such award which reflects the strong growth in the Kingdom's economy as a result of SAMA's continuous investment and development in the electronic payment system "SPAN" plus the Saudi banks cooperation in providing the latest technology to their customers." says Mr. Jebreen. "Being on top of 90 countries who vie for this award is such a motivation for our organization to continue delivering the best to our customers", he added. |
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Abana as the sole distributor in the Saudi market is covering all EFT segments, as a wide range of fixed terminals (Artema Desk with Pinpad, Artema Compact), portable (Artema DECT) and mobile terminals (Artema Mobile GSM/GPRS) have been certified by the central Saudi Arabian Monetary Agency (SAMA). With the prestige carried by Abana, it was chosen as prime supplier for EFT terminals from Thales by large successful banks in Saudi Arabia. Abana is now covering full capability of application development, SAMA Certification, Marketing and Sales, remote maintenance, on-site services and repair locally at their offices in Saudi Arabia.
Large replacements of non-EMV equipment by state of the art equipment for secure EMV chipcard transactions have taken place in the Saudi market, which had at the end of 2005 a total size of around 45,000 terminals and which has grown by 9,000 terminals in the year 2005.
The company is looking forward to capitalize more on this potential and offer its wide range portfolio of business solutions to new business partners.
For more information please contact Talha Iqbal at +966 1 4651052 ext. 880 or send e-mail to tiqbal@abana.com.sa. | |
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| | | | | | ABANA receive the “Best Improved Service” in the year 2005-2006 by Wincor Nixdorf | | | | November 01, 2006
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November 1, 2006, Luxor, Egypt - Wincor-Nixdorf, one of the world's leading provider of IT solutions to retailers and retail banking, gathered its partners around the world during the 8th International Partners Meeting held at Le Meridien Hotel - Luxor, Eygpt from October 30 to November 1, 2006.
ABANA receive the “Best Improved Service” for playing a key role and making the difference in the year 2005-2006. ABANA has established a full WN service and integerates its distinguish FAST TRACK® and Help Desk with Pro-view. |
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ABANA currently have service team build up of almost 100 engineers' through out Saudi Arabia. ABANA top all Wincor-Nixdorf partner in service showcasing its capability to install ATM in 3 days through its unique implementation. ABANA's technique in implementation has paved the way for the installtion of at least 48 ATMs in just a month. ABANA's Product Marketing Director Talha Iqbal received the award in behalf of ABANA.
To know more about ABANA, visit their website at www.abana.com.sa
About Wincor Nixdorf
Wincor Nixdorf is one of the world’s leading providers of IT solutions to retailers and retail banking. Wincor Nixdorf uses the expertise in its core business with banks and retailers to diversify into other sectors. These include lottery companies, service station operators, hospitality and corporate restaurant businesses, and large industrial companies. The Company has more than 8,000 employees and made net revenues of € 1.95 thousand million during last fiscal year. Wincor Nixdorf has a presence in over 90 countries, with its own subsidiary companies in 32 of these. In the market for ATMs and POS systems, Wincor Nixdorf is the market leader in Germany and the Number 3 worldwide. It has main production facilities at its headquarters in Paderborn, Germany, and also in Sao Paolo, Shanghai, and Singapore.
http://www.wincor-nixdorf.com | |
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| | | | | | ABANA Team Building Activity: "One Team, One Vision" | | | | March 08, 2007
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March 8, 2007 – A day designed to take a break and strengthen the ABANA team. The event started at 10am where ABANA personnel started to arrive at Al Lia Lina Rest House and prepared for the activity. The games were spearheaded by the company's CEO itself, Mr. Abdullah Jebreen, when he participated in the volleyball game and played along with employees. The game was wrapped by fun and laughter when both team exchange balls. |
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A football game followed the volley ball game and was led by none other than the VP for Operations, Mr. Abdul Rahman Abdul Karim and Admin. & HR Manager, Mr. Abdullah Qahtani. The employees enjoyed watching the game especially when the players showcased their fancy moves.
An hour before noon, and while some of the employees are playing, a clown show was held for the kids and their parents. Children were laughing when the clown started to perform. |
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Tricks, balloons, and other funny acts made everyone especially the children laugh out loud. The clown performance was soon followed by the Magician. It was a fascinating display of tricks where everyone was mesmerized. |
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After the fun-full and tiring activities, everyone sat and enjoy the foods that also give chance to employees to exchange stories and mingle with everyone.
Everyone continued playing after taking time to rest until the end of the day.
The activity was held to strengthen camaraderie and team work among employees, which is vital to an organization's operations. | |
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| | | | | | Thales announces sale of 300,000th Encrypted PIN pad (EPP) | | | | August 08, 2007
CeBIT, 15 March 2007: Thales today announced that its e-Transactions business line, a leading provider of secure card payment solutions, has now sold more than 300,000 Encrypted PIN pads (EPP). EPPs provide secure PIN verification for ATMs (Automatic Teller Machines) and other self-service systems that can be used for a wide variety of applications.
Thales currently delivers over 300 different EPP variants for over 80 countries worldwide, with most devices coming from its 3rd generation product range. The product’s success has been largely due to its winning combination of top-level security with an open software architecture that allows easy device integration. Additionally, Thales EPPs are highly robust and reliable, allowing dependable performance even in the toughest environmental conditions. With a solid metal keyboard and specialised gaskets, Thales EPPs are well protected against vandalism, and prevent the entry of liquid and sand.
EPPs are used in a wide range of applications from basic ATMs and cash dispensers, to more complex kiosks and statement printers, or any other self-service card system where secure PIN entry is required.
To meet international security requirements, and provide protection against increasingly complex fraudulent attacks, Thales EPPs rely on a dedicated security module, with high performance 32-bit RISC processor and sophisticated defence mechanisms, to perform all cryptographic and PIN related functions.
As well as offering such high levels of security, Thales EPPs also support an open software architecture, which allows independent applications to be supported without compromising the integrity of secure functions.
According to Bernd Schmelz, EPP Product Manager at Thales: “Our customers always receive the most advanced and secure technological solutions to meet their business needs. The fact that we have sold over 300,000 EPPs within the last 4 years clearly demonstrates the trust that customers place in us to provide them with secure PIN verification for self-service systems.”
About Thales
Thales is a leading international electronics and systems group serving defence, aerospace and security markets worldwide, supported by a comprehensive services offering. Thales offers a capability unmatched in Europe to develop and deploy critical information systems. Thales employs 70,000 people in 50 countries and generated revenues of € 10.3 billion in 2006.
The new Security Solutions & Services Division, operational since 5 January 2007, combines the businesses of Thales’s former Security and Services divisions with those of Alcatel-Lucent’s Transport Systems Division and Integration & Services Division. The new division makes Thales a world market leader in transport and security markets, it generates revenues of about 3.2 billion euros, with a 20,000 employees in 35 countries.
Thales delivers user-friendly solutions that simplify and secure electronic card transactions. The company is a European leader in the field of secure electronic payment solutions, supplying fixed, portable and mobile payment terminals, as well as integrated EFT solutions, unattended payment devices and secured PIN pads for ATMs. |
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| | | | | | De La Rue Announces New Banknote Counter And Sorter Nvision To Be Launched In May 2007 | | | | March 13, 2007
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Compact Multi-Currency Note Counter and Fitness Sorter Optimized for Higher Desktop Productivity.
Basingstoke, March 13, 2007 De La Rue Cash Systems announces the new banknote counter and fitness sorter Nvision which is specially designed to meet the new requirements of the Eurosystem and the European Central Bank (ECB) to be launched in May 2007.
A compact multi-currency machine with fitness sorting meeting the ECB Recycling Framework's requirements
Simultaneous note detection and fitness sorting
Processing speed up to 1000 notes per minute
Nvision provides a practical, easy to use and cost-efficient solution for cash handling organizations. Optimized for higher desktop productivity the machine allows continuous and uninterrupted note processing. |
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International product manager Gavin Doyle explains why Nvision fulfils an urgent need for professional cash handlers right now: "The ECB Recycling Framework demands a higher responsibility for the quality of cash from credit institutions and all professional cash handling organisations. Nvision provides the necessary technology to simultaneously check the fitness of banknotes and authenticate them to remove counterfeits. At the same time the solution is highly cost efficient, practical and very easy to use."
Nvision has two full-stacking pockets with a remarkably smooth Glide Feed system. It is capable of multiple detection technologies thus providing outstanding productivity with a processing speed up to 1000 notes per minute.
Cash processing organisations are in search for affordable fitness solutions that ensure notes meet the pending requirement of the ECB banknote recycling mandate. With the product launch in May 2007 De La Rue addresses this demand exactly at the right time.
Notes to Editors - De La Rue
De La Rue is the world's largest commercial security printer and papermaker, involved in the production of over 150 national currencies and a wide range of security documents such as passports, authentication labels and fiscal stamps. The company is also a leading provider of cash handling equipment and software solutions to banks and retailers worldwide, helping them to reduce the cost of handling cash. Employing over 6,000 people across 31 countries, De La Rue is also pioneering new technologies in government identity solutions for national identification, driver's licence and passport issuing schemes.
Contact:
Mr. Saji Pappachen
ABANA Enterprises Group Co.
Tel. No. : +966 (1) 465-1052 Ext. 1403
Mobile No.: +966 (50) 345-9815
spappachen@abana.com.sa | |
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| | | | | | De La Rue and Transguard creating the most automated cash centre in the Middle East | | | | September 16, 2007
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The Emirates Group signed a Memorandum of Understanding (MOU) with De La Rue PLC, to create the largest, fully automated cash management centre outside the US and Europe. This clearly establishes Transguard's position in the cash management and processing arena.
The agreement was signed by His Highness Sheikh Ahmed bin Saeed AL-Maktoum, Chairman and chief Executive, Emirates Airline & Group and Leo Quinn, Chief Executive, De La Rue. |
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Dr. Abdulla Al Hashimi, Divisional Senior Vice President, Emirates Group Security said:
The partnership between Transguard and De La Rue is based on both infrastructure and service. The aim of the relationship is to develop the Transguard Cash Management Centre into a global cash management hub that fits the vision of Dubai.
The cash management centre houses the world's largest cash processing machine. The De La Rue CPS 1800 has a total of 20 processing pockets, which allows it to process 130,000 banknotes per hour and a phenomenal 2 million banknotes a day. |
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Over the past 12 months the Transguard had been working to develop a unique cash management centre to satisfy the needs of customers both locally and internationally. Through its relationship with Emirates Airline the Transguard Cash Management centre is equipped to meet the demand of the global cash processing market.
Situated in Dubai, the cash management centre already enjoys the hub benefits of transport and commerce created by Emirates Airline and Dubai within the Middle East region. With the technologically-advanced Cash Management Centre and the partnership with De La Rue, Transguard is now positioned to fully exploit Emirates Airline's international network and truly become a cash processing hub.
The division has plans to expand its cash management operations in the future by adding a number of other cash processing machines on par with the CPS 1800 and to complement the facility's current capabilities. | |
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| | | | | | SAMA's 5th Issue of Bank Notes | | | | November 24, 2007
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The 5th Issue of Banknotes
Pursuant to Article (4) of the Saudi Currency Law, issued under the Royal Decree No. (6) and dated 1/7/1379 H., the Saudi Arabian Monetary Agency (SAMA), is pleased to announce its intention to put in circulation the 5th Issue of the Saudi banknotes printed in the reign of the Custodian of The Two Holy Mosques, King Abdullah Bin Abdulaziz Al Saud. The new issue includes banknotes of the following denominations:
1. The Five Hundred Saudi Riyal Note.
2. The One Hundred Saudi Riyal Note.
3. The Fifty Saudi Riyal Note.
4. The Ten Saudi Riyal Note.
5. The Five Saudi Riyal Note.
6. The One Saudi Riyal Note. |
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As scheduled, the new issue will be put in circulation gradually, starting with both the One Hundred and Fifty Saudi Riyal denominations. Both denominations will be available at SAMA branches as of Monday 4/5/1428 H (21/5/2007 G), followed by both the Ten and Five Saudi Riyal denominations as of the beginning of Rajab 1428H (July 2007), followed by the Five Hundred denomination as of the beginning of Ramadan Al Mubarak 1428H (September 2007), followed by the One Riyal after Eid Al Adha Al Mubarak 1428 H (December 2007 G), and will be equally legally binding side by side with the other Saudi banknote denominations currently in circulation. The new issue is characterized by various technical specifications and security features implemented by the most modern techniques used in banknote printing industry.
To see specimen of New Denomination, please click the below link;
http://www.sama.gov.sa/nc/en_fv.gif | |
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| | | | | | New Off-Premise Solution from Wincor Nixdorf | | | | November 24, 2007
Wincor Nixdorf unveils a new solution for off-premise ATMs at the Retail Delivery Systems exhibition in Las Vegas. The solution includes the new compact SlimCash 200 ATM complete with system and monitoring software as well as a software application for the creation of advertising campaigns.
Thanks to its very small base area of roughly three square feet, the SlimCash 200 terminal is ideally suited for use in tight spaces at non-banking sites, such as supermarkets, gas stations, bars, restaurants, office buildings and movie theaters. The ATM offers consumers easy access to cash wherever they need it. In addition, they can use the system to pay invoices and reload their prepay cell phone cards.
An optional feature of the SlimCash 200 is an illuminated accessory for advertising. Complex advertising campaigns and other marketing measures can be created with the integrated software, allowing operators of the ATM to generate additional revenue through third-party advertising.
The SlimCash is easy to maintain. The Automated Device Repair System (ADRS) is a software solution that automatically repairs system interruptions, ensuring high system availability and low cost of ownership.
When developing the new terminal, Wincor Nixdorf put a special emphasis on easy end-user operation and ergonomics. The system meets all international ergonomics standards.
The ATM system can be easily integrated into a multi-vendor environment thanks to a software solution that comes with the system. The modular design ensures a flexible adaptation to site conditions. LAN and modem communications are possible. |
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| | | | | | Next Generation Banknote Counting Machine Launched By De La Rue | | | | November 24, 2007
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The new EV86-Series banknote counter launched today at the De La Rue Global Business Partner Convention could cut banknote processing time by up to 45%, resulting in substantial customer savings every year. By combining reliable feed, accuracy and speed De La Rue claims to offer its customer’s unparalleled efficiency.
The new EV86-Series uses De La Rue’s unique Ultra Feed™ technology to deliver consistent, durable and reliable feeding of banknotes at a rate 20% faster than the competition. Capable of handling notes of all types of design, quality and condition, Ultra Feed is the heartbeat of the EV86-Series and constantly feeds notes without causing damage while providing users with a tidy counted stack. |
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In terms of accuracy, the De La Rue’s exclusive Mechanical Double Detection™ is already the market leading counting technology. In tests, Mechanical Double Detection™ outperformed the rival Opacity Doubles Detect technology used by competitors by more than 100 times.
When it comes to speed, the EV86-Series is capable of counting over 2000 notes per minute (npm), outperforming the leading competitors by up to 34%. It also significantly outperforms all equivalent competitor products in head-to-head throughput testing.
The EV86-Series performance figures were generated during extensive trials, both in banks around the world and at De La Rue’s in-house laboratories. A huge range of currencies and environmental conditions were tested. “Our research shows that the EV86-Series delivers exactly what we intended – the best feeding and the most accurate and reliable machine out there.” said Gavin Doyle.
“It’s easy to see why this is a premium product that offers customers value for money, with a contemporary styling that complements the professional environment that our customers look to portray.” concluded Gavin Doyle.
About De La Rue
De La Rue is the world’s largest commercial security printer and papermaker, involved in the production of over 150 national currencies and a wide range of security documents such as passports, authentication labels and fiscal stamps. The Company is also a leading provider of cash handling equipment and software solutions to banks and retailers worldwide, helping them to reduce the cost of handling cash. Employing over 6,000 people across 31 countries, De La Rue is also pioneering new technologies in government identity solutions for national identification, driver's licence and passport issuing schemes. | |
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| | | | | | Wincor Nixdorf’s bulk-deposit tech named one of industry’s ‘most innovative’ | | | | November 24, 2007
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AUSTIN, Texas — Wincor Nixdorf International’s bulk-check deposit ATM, which allows consumers to deposit up to 50 checks or notes at once without an envelope, has received Bank Technology News’ Innovator Award.
The annual awards recognize 25 of the financial-services industry’s most innovative people, companies and technologies.
In announcing Wincor Nixdorf’s bulk-check deposit ATM as an Innovator Award winner, John Adams of Bank Technology News wrote, “In the cultural vernacular, ATMs are still often regarded merely as ‘cash machines,’ a nod to what they used to be and what's still perceived as their primary function. Not for long. Wincor Nixdorf is turning that perception around in part by allowing bulk deposits.”
There are currently more than 10,000 Wincor Nixdorf bulk-check deposit ATMs installed worldwide, delivering a wide range of bottom-line benefits, including immediate availability of deposited funds and greater convenience for consumers, as well as lowering transaction costs and check fraud.
The award will be presented to Wincor Nixdorf on Nov. 12 during BAI’s Retail Delivery Conference & Expo. |
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| | | | | | ABANA Enterprises Group Co. Receives ISO 9001:2000 Certification | | | | November 07, 2007
November 7, 2007, Riyadh, KSA – ABANA, a leading service and sales organization catering to the needs of the Financial and Telecommunication sectors of Saudi Arabia, has been awarded ISO 9001:2000 certification in recognition of its standardized and quality management systems, service and support of a wide range of banking and telecommunications activities throughout the Kingdom, including electronic payment terminals, cash systems, ATM's and self-service terminals, telecom equipment and systems and customized software solutions.
"As a customer-focused organization, it is always our aim to make our customers satisfied by meeting and even exceeding their requirements through a well managed processes and continual improvement of its effectiveness. In order to demonstrate our ability to consistently provide high-quality products and services to our valued customers, we designed and implemented a quality management system that meets the International Standard-ISO9001:2000 requirements”, said Abdullah M. Bin Jebreen, CEO, ABANA.
As ABANA embraces international standards in service, it seeks to foster its business objectives while also delivering the finest products and services to its customers. ABANA has been in business in the Kingdom for three decades, and is widely known for its signature top-of-the-market technical support system known as Fast Track® Service. ABANA is the only company in the GCC that offers a one-hour solution time to resolve hardware and software problems reported by its customers. ABANA's Help Desk serves as the Single-Point-of-Contact and employs a centralized reporting system. This system manages all customer calls and dispatches field service engineers from ABANA's 16 service centers strategically located throughout the Kingdom.
In addition to its service and sales abilities, ABANA has a strong development arm that distinguishes itself by designing and implementing solutions that are tailored specifically to meet customer needs. Its software applications are developed in Saudi Arabia by its own staff. |
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| | | | | | ABANA, Transoft to partner for Middle East currency management | | | | May 29, 2008
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ABANA, Transoft to partner for Middle East currency management
CARY, N.C. — Transoft International has announced in a news release that it will partner with ABANA to market currency management solutions in Saudi Arabia and other member countries of the Gulf Cooperation Council (GCC).
Based in Saudi Arabia, ABANA has more than 30 years of experience in catering to the needs of the financial and telecommunication sectors. ABANA offers an array of value-added products and solutions across the GCC countries including banking automation equipments (money counting and sorting machines, exchange rate board, bundling machines, etc.), ATMs' and self-service terminals, queuing systems, test equipment ADSL, outside plant materials, data archiving solutions, security software, EFT wireless solutions, site monitoring solutions, customized software applications and many other solutions. |
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Transoft’s currency management products will be used to automate and optimize the management of cash in the supply chain for financial institutions in the Middle East. Through the use of the Transoft solutions, ATM, branch and central vault cash levels are cost optimized to improve process efficiency and meet consumer demand at the lowest possible cost. Transoft’s management of complex dynamics such as seasonal fluctuations, events and trends ensure maximum network availability, according to the release.
“ABANA is dominant in the provision of innovative solutions for financial institutions. We are delighted to partner with ABANA to add to its already impressive product and solution set by providing best-in-class currency management solutions to its clients,” said Bo H. Holmgreen, president of Transoft. |
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| | | | | | Wincor Nixdorf Company takes No. 2 ATM position, trails only NCR | | | | May 29, 2008
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Tracy Kitten -senior editor
LISBON, Portugal — Paderborn, Germany-based Wincor Nixdorf International welcomed guests of its International Management Seminar, this year in Lisbon, with dinner and entertainment at the Páteo Alfacinha, a venue that offers visitors a taste of 20th-century Portugal.
Wincor Nixdorf’s 200 or so guests, representing 34 countries, were entertained by local students, who sang and performed in traditional Portuguese style.
But today it was all business, with a morning announcement that the once-third-ranked global ATM deployer has now assumed the No. 2 position, trailing only Dayton, Ohio’s NCR Corp., according to 2007 shipment figures tracked by England’s Retail Banking Research Ltd.
RBR reports that Wincor Nixdorf increased its global ATM deliveries from 18 percent in 2006 to 21 percent in 2007.
“Moving up to the No. 2 slot is yet another milestone in our success story,” said Stefan Auerbach, Wincor Nixdorf’s executive vice president of banking as well as a member of the company’s board of directors. “Our portfolio, as a provider of integrated hardware, software, and services, strengthens our position as a leading IT-solution supplier in the international retail-banking business.” |
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Auerbach opened the day’s events with a presentation outlining Wincor Nixdorf’s growth. In 1994, Wincor Nixdorf was No. 12 in global ATM shipments. By 2000, the company had moved to the No. 3 slot.
Auerbach attributes Wincor Nixdorf’s growth to specific strategies in key markets, including the United States and Asia — two markets where Wincor Nixdorf has focused much attention over the last three years.
And the proof is in numbers.
Wincor Nixdorf’s first-half results for the 2007/2008 fiscal year are coming in higher than forecasted. From the first half of FY 2006/2007, the company’s business in the Americas is up 29 percent; in Asia-Pacific and Africa, it’s up 32 percent; and in Europe, it’s up 9 percent. |
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Only the company’s business in Germany saw a decrease, falling 7 percent from the same period last year.
“Despite the sub prime crisis, which is being felt in Germany and throughout the world, we continue to see growth in banking,” Auerbach said. “The good news is that the banking business worldwide is expected to grow by a multiple of four over the next 15 years, and we are positioning ourselves for the growth.”
Acting global, thinking local has contributed to the company’s growth, Auerbach says, and likely led to the 11 additional international participants Wincor Nixdorf welcomed to its event this year.
“Branch and ATM channels in every big, established market remain the strongest banking touchpoints,” he said. “And we developed a global strategy to meet those needs, because we understood that we had to be more global. So we have developed strong partnerships and service relationships in all of our markets.”
Organic growth is expected to remain the company’s strategy, said one Wincor Nixdorf spokesman, despite some rumors that Wincor Nixdorf could be in the running for an acquisition of the cash-systems business operated by England-based De La Rue. |
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Growth through acquisition has not been a method Wincor Nixdorf has had success with in the past. Internal growth, on the other hand, is working.
Since FY 1999/2000, when 51 percent of Wincor Nixdorf’s business was based in Germany, the company has increased its international penetration across Europe, Asia-Pacific and the Americas.
In FY ’99/’00, only 38 percent of Wincor Nixdorf’s business came from European countries beyond Germany. Today the percentage is 52.
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In Asia/Pacific, the business percentage in ’99/’00 was 7 — today it is 13 percent. And in the Americas, only 4 percent of the company’s business could be attributed to the region in ’99/’00 — today the breakdown is 8 percent.
In fact, over the next few months, Wincor Nixdorf has announced plans to install some 7,000 ATMs in Asia, namely because of a strong partnership with First Data Corp. in Australia.
All three regions represent key markets, but so does Africa, where Nigeria is quickly becoming one of Wincor Nixdorf’s most-prized markets, Auerbach said. |
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| | | | | | Orc adds strategic partner for Gulf region | | | | June 11, 2008
Stockholm, SWEDEN, Wednesday June 11, 2008 – Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity solutions, today announced a comprehensive reseller agreement with ABANA Enterprises Group Co., a leading hi-tech solution provider for financial and telecom sectors based in Riyadh, Saudi Arabia, and with offices across the Gulf (GCC) region.
The agreement enables ABANA to resell Orc’s full range of products and solutions for advanced electronic trading and connectivity, and to provide additional services and support to local customers in Saudi Arabia, UAE, Kuwait and Qatar.
Orc Connect is the global financial industry’s leading connectivity solution. Orc Connect provides traders and brokers with fast, reliable access to liquidity pools, both for market members and non-members, in the critical areas of execution, market data and reference data.
Orc Trading is used by leading financial firms worldwide for enhanced trading for electronically traded derivatives. It encompasses both screen-based trading and algorithmic trading for firms to trade any listed instrument, across all asset classes, on 100+ markets.
“Orc Software is a world-leading software supplier to the global financial markets, and we see a great need for their state-of-the-art electronic trading solutions in our region,” said Tanveer Ahmed Ansari, Director of Production with ABANA Enterprises Group Co. “Orc delivers advanced trading and connectivity capabilities that can readily be deployed for creating competitive advantage by our customers and prospects.”
”By teaming up with ABANA, we greatly enhance our opportunities by offering strategic technology for electronic trading to financial markets in the dynamic GCC region” said Anders Henriksson, President Benelux, Central and Eastern Europe, Orc Software. ”ABANA has the local expertise and market presence we require, and their contributions will be a welcome addition to our current sales and marketing activities in the Middle East.”
Orc Software and ABANA are co-exhibiting at the upcoming Trade Tech Middle East Conference in Dubai, June 15–17.
About Orc Software’s revenue model
Standard agreements follow Orc’s licensing subscription model, a flexible approach designed to streamline the customer onboarding process and provide ease of access to software updates, together with a mature support framework. Customers are invoiced quarterly, in advance, and revenue allocated to the invoicing period.
About Orc Software
Orc Software (SSE: ORC) is the leading global provider of powerful solutions for the worldwide financial industry in the critical areas of advanced derivatives trading and low latency connectivity. Orc’s competitive edge lies in its depth of knowledge of the derivatives trading world gained by deploying advanced solutions for sophisticated traders for over 20 years.
Orc Trading and Orc Connect provide the tools for making the best trading and connectivity decisions… strong analytics, unmatched market access, powerful automated trading functionality, high performance futures and options trading capabilities, ultra-low latency, and risk management.
Orc’s customers include leading investment banks, trading and market-making firms, exchanges, brokerage houses, institutional investors and hedge funds.
Orc provides timely sales and quality support services from its offices across EMEA, Americas and Asia Pacific.
www.orcsoftware.com
About ABANA
ABANA has more than 30 years of experience in providing innovative, high-performance, and sophisticated solutions and equipment to the financial sector. ABANA’s products and services include: ATM’s and self-service terminals, money counting and sorting machines, queue systems, ADSL test equipment, data archiving solutions, security software, site monitoring solutions, customized software applications, and many other value-added solutions. ABANA focuses in quality, speed, reliability, and accuracy, and is in compliance with the ISO 9001:2000 standards.
ABANA is widely known for its signature top-of-the-market technical support system known as Fast Track® Service. ABANA is the only company in the GCC that offers one-hour solution time to resolve hardware and software problems reported by its customers. ABANA's Help Desk serves as the Single-Point-of-Contact and employs an Interactive Voice Response (IVR) and centralized reporting system. This system manages all customer calls and dispatches field service engineers from ABANA's 16 service centers.
For more information, please visit www.abana.com.sa.
For further information:
Anders Henriksson, President Benelux, Central and Eastern Europe, Tel. +43 676 721 51 16
Christine Blinke, Investor Relations and Marketing Director, Tel. +43 739 01 02 01
Tanveer Ansari, Director of Production, ABANA Enterprises Group Co., Tel. +966 55 303 8092
Maher Fahad Al-Goufi, Senior Project Manager, ABANA Enterprises Group Co., Tel. +966 50 012 9953 |
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| | | | | | NEGOFI partners with ABANA to enter the Gulf region | | | | July 13, 2008
NEGOFI, provider of a complete performance solution for the buyside community is pleased to announce its partnership with ABANA to distribute their Business Intelligence-oriented trading platform across Saudi Arabia, UAE, Kuwait and Qatar. With this partnership, NEGOFI confirms its ambition to become a key international player in the financial industry.
Since its creation in 2003, NEGOFI has built its expertise on strong market knowledge and solid technical expertise in the electronic trading industry and by working in close partnership with its clients. NEGOFI provides an open and adaptive solution that leverages an organization's existing tools, staff expertise and IT investments and aim to give the right technology and applications to collect, integrate, analyze, and present market information to support better trading decision making.
"With ABANA’s local expertise and market presence in the GCC region, NEGOFI and ABANA together provide high performance trading solutions which are customized and perfectly adapted for the local buyside community," said Patricia GAUTHIER, Executive Vice President of Sales and Business Development of NEGOFI.
Centralized And Integrated Buyside Trading Platform.
From viewing real time market prices to routing orders and analyzing trading costs, all types of execution strategies are possible with NEGODeal, a complete STP solution to centralize and pilot trading activities within a multi-market, multi-broker and multi-custodian environment. NEGOFI provides order routing and execution management with optimum speed and accuracy directly to the markets (DMA) or to the broker’s desk (EDA) through NEGOFI global real time network with real time trading reports and market returns.
Comprehensive Pre & Post Execution Controls & Compliance
NEGOFI solution also provides pre and post trade controls as well as extensive reporting with NEGOAudit in full compliance with market regulations. A complete audit trail of all operations is recorded with systematic time stamping from ticket creation, modification and cancellation to order execution. To meet internal controls and market regulation requirements, NEGOFI tracks execution performance using benchmarks such as VWAP, market High and Low prices as well as the possibility to control broker performance based on multiple criteria (commission rates, marketplace, asset manager, executed capital….).
About NEGOFI
NEGOFI brings together open technology, a broker neutral trading platform with an integrated order and execution management system to centralize all trading and compliance operation. NEGOFI’s innovative trading approach coupled with our network of experts and hosting services provide the financial community with a new way to drive their trading performance. Get more information on www.negofi.com.
About ABANA
ABANA has more than 30 years of experience in providing innovative, high-performance, and sophisticated solutions, equipmensts, and services to the financial sector. ABANA’s products and services portfolio include: ATM’s and self-service terminals, money counting and sorting machines, queue systems, ADSL test equipment, data archiving solutions, security software, site monitoring solutions, customized software applications, and many other value-added solutions. ABANA focuses in quality, speed, reliability, and accuracy, and is in compliance with the ISO 9001:2000 standards. |
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