News

Avanza Innovations , one of the regions most established innovators, has been awarded the ‘Fastest Growing Blockchain Company for 2018’ in the technology category by  International Finance Awards . The awards, now in their 6th year honor Avanza’s region first production-grade  Blockchain implementation along with recognition for its Blockchain orchestration and governance platform  Cipher.

International Finance Awards recognizes industry talent, leadership skills, industry net worth and capability on an international platform.
Avanza has been leading the Blockchain space in the middle-east with active projects and implementations across multiple public and private sector organizations. The company has also been spearheading thought leadership initiatives that have seen them represent the Blockchain space across various domestic and International platforms.
A major reason for the win has been their active promotion and growth of the Blockchain  space. This is in line with the vision of His Highness Sheikh Hamdan Bin Mohammed Bin
Rashid Al Maktoum to transform Dubai into the first Government in the world to execute  all applicable transactions via Blockchain by 2020.

Speaking with IFM, Mr. Waqas Mirza, CEO – Avanza Innovations, said,

“At Avanza we  have always been at the forefront of cutting edge technology, we make it our mission to help evolve technologies past buzzwords and towards implementations. With Blockchain, the space is ripe for organizations to start their experimentation and be part of this movement to build a
decentralized future”

Showcasing the first ever Blockchain orchestration platform, first production-grade Blockchain implementation, and various transformative Blockchain applications.

3 May 2018; Dubai, United Arab Emirates – Blockchain is being seen as one of the most transformative and disruptive technologies since the internet. An innovation that has the potential to transform both public and private sector organizations alike. The Future Blockchain Summit attracted policy and decision makers, influencers, technology providers, and government officials from across the globe.

Avanza Innovations unveiled its next leg of Blockchain innovations through various talks, on-site demos, and media/customer meet-ups at the Future Blockchain Summit. Avanza Innovations has been leading the line for Blockchain acceptance and applications in the region and is the proud winner of not one but two Dubai Future Accelerator cohorts.

To meet the demands of a growing global market, Avanza Innovations demonstrated its latest solution, Cipher, a Blockchain orchestration platform. Cipher is currently being used by multiple partners and entities to help build Blockchain led technology of the future. With Cipher, organizations can move past the underlying complexities of establishing Blockchain based solutions and move towards greater reliability and security through a full stack offering.

Cipher utilizes Single-point access to Blockchain platforms, including Hyperledger, Ethereum, Quorum etc., and readymade adapters to provide rapid integration with existing Blockchain technologies, Smart contract lifecycle, and change management.

Avanza Innovations also demonstrated the region’s ‘first production-grade Blockchain implementation’; a Blockchain reconciliation and settlement platform that is being built for Dubai’s Department of Finance through the vision and leadership of the Smart Dubai Government. This project involves 40 plus government entities and around 15 banks in Dubai.

Mr. Waqas Mirza, CEO – Avanza Innovations, said, that “Blockchain has the potential to disrupt and innovate technology as we know it. At Avanza, we feel it is our mission to help organizations realize the potential of this transformative technology and move them towards a decentralized, demystified and future-proof tomorrow.”

Also at the event was Mr. Ali Safri, CTO – Avanza Innovations, who said, “At Avanza, we are working passionately to help build platforms of the future. A big part of our strategy is to partner with like-minded and innovative organizations to facilitate global customers.”

A recent example of this is the availability of Cipher on Microsoft Azure. Cipher gives customers access to a Blockchain orchestration layer on the cloud allowing organizations to port their use case on to a series of global Blockchain platforms.

BankIslami has upgraded its internet banking system to Avanza’s Ambit Retail Internet Banking solution.

BankIslami Pakistan Ltd. was the first bank to receive the Islamic Banking license under the Islamic Banking policy of 2003 in March 2005. By 2015, BankIslami had become the 11th largest bank with a network of 317 branches in 93 cities within a period of 9 years. BankIslami has been strengthening its infrastructure using latest technologies to deliver user-friendly and secure services and products.

The bank’s objective for the upgrade was to create a pleasant user experience for customers, using internet banking services, that leaves a lasting impression and maximises ease of use.

Ambit is a strategic internet banking solution that will enable the bank to continuously deliver seamless banking services to its customers. The solution is designed from scratch with a focus on personalisation, efficiency, cost-effectiveness, and most importantly security.

The solution boasts a modern and responsive UI with intuitive menus and navigation followed up by customisable dashboards as per the user’s needs. The wizard based interfacing provides users help and guidance wherever needed and ensures a positive user experience.

With new features like web chat, dynamic banners and ads, and power user access analytics, the solution also empowers banks to understand user behaviour and cater to their needs optimally. The bank can also create dynamic ads to maximise cross selling opportunities backed by in-depth insights.

“BankIslami is dedicated to become the leading name in the Islamic Banking sector. We are committed to provide our customers with all the modern and latest services to meet and exceed their banking needs. With a focus on service innovation backed with technology we can really create lasting banking experiences for our customers. We’re pleased to have Avanza with us, as they share the same passion for innovation and technology as BankIslami. I am sure we can create a synergy that can take BankIslami to the next level.”

Syed Ata Hussain- Head of IT – BankIslami

“We strive to create products that create real value for our clients and their customers. Avanza Solutions works to innovate and provide state-of-the-art solutions and products that empower our clients to get to the next level. Avanza’s Ambit is tailor-made to provide users the ease-of-use and robustness expected of a modern internet banking service while providing banks the advantage of understanding user behavior with in-depth insights.”

Jalil Ahmed Farooqui – Head of Sales (Pakistan & Afghanistan) – Avanza Solutions

BankIslami has upgraded its internet banking system to Avanza’s Ambit Retail Internet Banking solution.

BankIslami Pakistan Ltd. was the first bank to receive the Islamic Banking license under the Islamic Banking policy of 2003 in March 2005. By 2015, BankIslami had become the 11th largest bank with a network of 317 branches in 93 cities within a period of 9 years. BankIslami has been strengthening its infrastructure using latest technologies to deliver user-friendly and secure services and products.

The bank’s objective for the upgrade was to create a pleasant user experience for customers, using internet banking services, that leaves a lasting impression and maximises ease of use.

Ambit is a strategic internet banking solution that will enable the bank to continuously deliver seamless banking services to its customers. The solution is designed from scratch with a focus on personalisation, efficiency, cost-effectiveness, and most importantly security.

The solution boasts a modern and responsive UI with intuitive menus and navigation followed up by customisable dashboards as per the user’s needs. The wizard based interfacing provides users help and guidance wherever needed and ensures a positive user experience.

With new features like web chat, dynamic banners and ads, and power user access analytics, the solution also empowers banks to understand user behaviour and cater to their needs optimally. The bank can also create dynamic ads to maximise cross selling opportunities backed by in-depth insights.

“BankIslami is dedicated to become the leading name in the Islamic Banking sector. We are committed to provide our customers with all the modern and latest services to meet and exceed their banking needs. With a focus on service innovation backed with technology we can really create lasting banking experiences for our customers. We’re pleased to have Avanza with us, as they share the same passion for innovation and technology as BankIslami. I am sure we can create a synergy that can take BankIslami to the next level.”

Syed Ata Hussain- Head of IT – BankIslami

“We strive to create products that create real value for our clients and their customers. Avanza Solutions works to innovate and provide state-of-the-art solutions and products that empower our clients to get to the next level. Avanza’s Ambit is tailor-made to provide users the ease-of-use and robustness expected of a modern internet banking service while providing banks the advantage of understanding user behavior with in-depth insights.”

Jalil Ahmed Farooqui – Head of Sales (Pakistan & Afghanistan) – Avanza Solutions

Kampala — Uganda: Team Avanza exhibited their latest innovations at the “Smarter Customer Engagement Road Show” organized by MFI.

The event attracted stakeholders from the industry, from players and policy makers to influencers. MFI hosted the event to create a single forum where thought leaders could discuss best practices and develop a shared vision for the future

Held at the Pearl of Africa Hotel in Kampala, the road show constituted key notes, discussions, and addresses on the potential of modern and smarter customer engagement practices. Covering different aspects of engagement ranging from solutions, practices, and enabling seamless experiences, the event highlighted key issues and opportunities.

Data has quickly become a vast and valuable resource in today, smarter engagement relies heavily on data and how that data is harnessed to identify real value for consumers and utilizing the best channels to deliver that value.

Team Avanza also showcased Unison – Enterprise-wide CRM and Customer Experience Platform and Cipher – Blockchain Implementation. The team discussed how governments and organizations need to understand customer behavior. Avanza’s focus on seamless experience is powered by technology that is designed to integrate all consumer touch points, analyze customer engagements, and ultimately creating an Omni solution to identify trends and uncover in-depth behavioral insights.

Avanza has already won projects from building a Blockchain-based reconciliation and settlement engine for the Dubai Government’s Department of Finance to developing an AI and Blockchain-based emergency response nerve center for Dubai’s Health Authority.

Mr. Jawad Qureshi (Global Head of Sales – Avanza Solutions) said, “At Avanza we strive to provide real Value to all, from our clients to ultimately the end users. We enable our clients to utilize data extracted from all touchpoints to identify actual insights that help them serve their consumers better and more effectively. This event is a great platform for technology providers, organizations, and governments to come together and establish a shared vision for the future.”

Mr. Sanjay Kumar Rai (Chief Technology Officer – MFI) said, “We are delighted to see that level response the road show has received. Customer Engagement is the key to creating sustainable and lasting businesses, leveraging technology to provide a seamless customer experience can help organizations connect better with their target audiences.”

About MFI:

MFI is an IT integration firm, based in Uganda, with operations across sub-Saharan countries. With the aim to add value to businesses through the latest technologies, MFI serves its customers by providing infrastructure, enterprise applications, and other services. With 35 years of experience, MFI has established presence in 19 countries in the African region.

Kampala — Uganda: Team Avanza exhibited their latest innovations at the “Smarter Customer Engagement Road Show” organized by MFI.

The event attracted stakeholders from the industry, from players and policy makers to influencers. MFI hosted the event to create a single forum where thought leaders could discuss best practices and develop a shared vision for the future

Held at the Pearl of Africa Hotel in Kampala, the road show constituted key notes, discussions, and addresses on the potential of modern and smarter customer engagement practices. Covering different aspects of engagement ranging from solutions, practices, and enabling seamless experiences, the event highlighted key issues and opportunities.

Data has quickly become a vast and valuable resource in today, smarter engagement relies heavily on data and how that data is harnessed to identify real value for consumers and utilizing the best channels to deliver that value.

Team Avanza also showcased Unison – Enterprise-wide CRM and Customer Experience Platform and Cipher – Blockchain Implementation. The team discussed how governments and organizations need to understand customer behavior. Avanza’s focus on seamless experience is powered by technology that is designed to integrate all consumer touch points, analyze customer engagements, and ultimately creating an Omni solution to identify trends and uncover in-depth behavioral insights.

Avanza has already won projects from building a Blockchain-based reconciliation and settlement engine for the Dubai Government’s Department of Finance to developing an AI and Blockchain-based emergency response nerve center for Dubai’s Health Authority.

Mr. Jawad Qureshi (Global Head of Sales – Avanza Solutions) said, “At Avanza we strive to provide real Value to all, from our clients to ultimately the end users. We enable our clients to utilize data extracted from all touchpoints to identify actual insights that help them serve their consumers better and more effectively. This event is a great platform for technology providers, organizations, and governments to come together and establish a shared vision for the future.”

Mr. Sanjay Kumar Rai (Chief Technology Officer – MFI) said, “We are delighted to see that level response the road show has received. Customer Engagement is the key to creating sustainable and lasting businesses, leveraging technology to provide a seamless customer experience can help organizations connect better with their target audiences.”

About MFI:

MFI is an IT integration firm, based in Uganda, with operations across sub-Saharan countries. With the aim to add value to businesses through the latest technologies, MFI serves its customers by providing infrastructure, enterprise applications, and other services. With 35 years of experience, MFI has established presence in 19 countries in the African region.

Avanza Solutions is upgrading the e-infrastructure at Noor Bank by implementing its flagship middleware solution Rendezvous and eStatement application which allows interactive statements to be sent to customers.

Established in 2008, Noor Bank offers a wide range of products and services comprising personal, corporate banking, wealth management, insurance, treasury, and trading. With the passion to a new way of banking, Noor Bank utilize agile operations and processes to create and deliver the best value to its customers.

Noor Bank is gearing up to be one of the leading players in the emirates by leveraging technology with their ability to create innovative products and services tailor made for specific personal and business needs. The bank is Sharia’ compliant and driven by strong values of trust and transparency.

Avanza’s Rendezvous will form the core of the bank’s e-infrastructure enabling seamless integration and addition of external and front-end systems. Whereas, e-Statement will enable the bank to send out interactive electronic statements to its customers which allow a window view of all availed products and services while maximizing ease. The organization can also run targeted ads on the interactive statements.

Mr. Waqas Mirza, MD – Avanza Solutions, said, “Noor Bank is a prestigious organization dedicated to providing the best service and experience for its customers. We pride ourselves on working with organizations that share our passion for excellence and innovation.”

Mr. Noman Rasheed, Chief Information Officer – Noor Bank, said, “We are dedicated to bring about a new and innovative way of banking to our customers by utilizing technology and our focus on the service quality. Avanza emphasis on innovation and progress makes them a good fit with Noor Bank. I am confident we will achieve great things in future.”

AB Bank Limited (ABBL) has chosen to upgrade its existing e-infrastructure with the latest versions of Rendezvous (Enterprise Financial Middleware) and Vision (Card Reporting System).

ABBL has been operating in Bangladesh for over 35 years, providing a wide range of banking and financial services. With the drive to become a truly innovative and technology-driven bank in the country, ABBL has a footprint of 105 branches and 270+ ATMS in Bangladesh.

To excel in the modern and technological era, ABBL has been especially focused on gearing up its backend systems with the latest technologies to ensure a lasting and superior customer experience. With that vision, ABBL has upgraded its existing backend systems to create a more robust and scalable e-infrastructure.

Avanza Solutions/Networld will upgrade the banks existing infrastructure to the latest PADSS Certified Versions of Rendezvous (Enterprise Financial Middleware) and Vision (Card Reporting System); enhancing compatibility with other major schemes, maximizing availability, and increased agility to offer new services. Besides PADSS Certification, Database Independence, EMV, built-in adapters of Visa/ MasterCard/UPI/JCB, 64 Bit Support, High Availability, Built-in support of Web Services/XML/Jason, Latest Operating System/Database/Application Server Support; the upgraded versions of these products also support STIP (Stand in Processing) mode through which Vision will maintain the updated account balances when the host goes offline. Rendezvous maintains these transactions in SAF (Store and Forward) during STIP mode to assure 100% guaranteed message delivery.

Avanza’s advanced banking solutions are tailored for the banking industry and in compliance with the latest industry standards.

Mr. Reazul Islam (Head of IT & eBiz Division – AB Bank Limited) said, “At AB Bank Limited our vision is to provide our consumers with a banking products and services that enrich their lives. Avanza’s focus on technology and innovation makes them a good fit for ABBL as we are driven to provide the best products and service using truly innovative technologies and solutions.”

Mr. Muhammad Jawad Qureshi (Global Business Development Head – Avanza Solutions) said, “At Avanza, we are driven by innovation, driven by the desire to stay at the cutting edge. This drive enables us to establish synergies with our clients who share our beliefs to create industry shaping infrastructures. With ABBL, we have a perfect environment to create a real difference in the industry.”

Captain Saifur Rahman (Managing Director – Networld Bangladesh Limited) said, “Being Avanza’s Technology Partner for Bangladesh; we form a natural fit to create solutions that enable banks to  offer innovative services and create real value for consumers. Our combined drive for progress and innovation backed by our industry expertise enables us to provide technology that can make lasting changes in the industry.”