May 07, 2013 Hyderabad – Pennant Technologies, the leading software services and products company with over 14 leading banks across Middle East as its clients, announced the successful implementation of pennApps Host Integrator at National Bank of Oman (NBO), one of the largest banks in Oman.
With the host integrator, NBO can now, process the ATM and Debit card transactions across its entire network, seamlessly with better control and improved operational efficiency. ATM host integrator offers unmatched flexibility enabling banks to configure various transaction-processing parameters, which is possible due to the extensive parameterization available in the product.
Highly configurable accounting engine greatly improves the time to market for any new and innovative features for all of its products as all of these can be achieved with minimal configuration changes. The extensive data logging features at each of the touch point offers greater control on the overall transaction processing capability.
In addition, pennApps Host Integrator is adaptable to installation onto the existing IBM System I, thereby enabling effective utilization of existing IT infrastructure. Moreover, extensive data logging at various touch-points offers complete traceability of customer transactions. Thus, the integrator empowers banks with actionable information, by aggregating customer transaction data into a unified response.
“Offers and services to customers can be better orchestrated by banks; thanks to the highly configurable accounting engine coupled with extensive parameterization that offers the flexibility to define numerous business rules and the appropriate accounting rules all can be managed by the business users without any system changes.” Ramakrishna Raju, CEO Pennant Technologies said.
National Bank of Oman, founded in 1973, is today one of the largest banks in Oman. Winner of the Best New Retail Product Award’ by CPI Financial – Banker Middle East Product Awards 2013, NBO is committed to fulfilling the financial needs of its customers and constantly endeavours to make banking more enjoyable and convenient.
Pennant Technologies, dynamic and innovative software solutions and services company offers comprehensive suite of end-to-end business driven technology services and products covering all the functional areas of BFSI vertical. Pennant’s pennApps product suite offers the right-fit and next generation products that address the unique requirements of banking.
Pennant empowers its customers to effectively address their business challenges with its deep domain expertise backed with excellent insights of local market dynamics and leveraging the latest technology advancements.
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