Intelligent CIO APAC Issue 30 - Page 8

NEWS

Finastra and InfoTech help NBP to modernize trade finance operations and boost growth

we are confident in their industry-leading offerings and the ongoing service they provide after implementation . Fusion Trade Innovation will give us the tools we need to modernize , future-proof and ultimately grow our business .”

Finastra has announced that NBP ( National

Bank of Pakistan ) has implemented Finastra ’ s Fusion Trade Innovation solution to power its trade finance operations .
InfoTech , a leading systems integrator and Finastra ’ s exclusive authorized and certified reseller in Pakistan , led the deal and implemented the solution , which will enable NBP to lower transaction costs and provide corporate customers with a superior user experience .
“ In the digital age it is important to have the right systems in place to give customers the best possible experience , so Digital Transformation has been a key priority for us ,” said Imran Farooqui , SEVP and Group Chief , Operations , NBP . “ Having already built a relationship with Finastra and InfoTech ,
Finastra ’ s end-to-end working capital solution , Fusion Trade Innovation , is a leading booking engine . It includes capabilities for frictionless trade and supply chain finance , including buyer and seller loans , letters of credit , collections , guarantees and government support for export credit and SME loans .
Fusion Trade Innovation gives banks control with a development toolkit that enables them to deliver change themselves , all within a solution that is maintained by Finastra . This futureproofing feature provides a more predictable total cost of ownership and enables banks to maintain a clear upgrade path .

Nokia wins multi-year deal for 5G networks with Reliance Jio India

Nokia has announced it has been selected as a major supplier by Reliance Jio to supply 5G Radio Access Network ( RAN ) equipment from its comprehensive AirScale portfolio countrywide in a multi-year deal . Reliance Jio is India ’ s numberone mobile operator and has one of the largest RAN footprints in the world .

Under the contract , Nokia will supply equipment from its AirScale portfolio , including base stations , high capacity 5G Massive MIMO antennas and Remote Radio Heads ( RRH ) to support different spectrum bands and self-organizing network software .
Reliance Jio plans to deploy a 5G standalone network which will interwork with its 4G network . The network will enable Reliance Jio to deliver advanced 5G services such as massive machine-to-machine communications , network slicing and ultra-low latency .
Akash Ambani , Chairman of Reliance Jio , said : “ We are pleased to be working with Nokia for our 5G SA deployment in India . Jio is committed to continuously investing in the latest network technologies to enhance the experience of all of its customers . We are confident that our partnership with Nokia will deliver one of the most advanced 5G networks globally .”
Pekka Lundmark , President and CEO at Nokia , added : “ This is a significant win for Nokia in an important market and a new customer with one of the largest RAN footprints in the world .”
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