Bank Al-Madina Opts for Strategic Partnership With Stratus, Kindle Banking Systems, and Mideast Data Systems.Business/Technology Editors LEBANON--(BUSINESS WIRE)--Dec. 20, 1999 Following an extensive evaluation of numerous software providers, Bank Al-Madina in Lebanon has selected to install and implement a new banking software solution from technology specialists, Kindle A portable e-book device from Amazon.com that provides wireless connectivity to Amazon for e-book downloads as well as Wikipedia and search engines. Using Sprint's EV-DO cellphone network, dubbed WhisperNet, wireless access is free. It also includes a built-in dictionary. Banking Systems, Stratus stratus: see cloud. (Stratus Technologies, Maynard, MA, www.stratus.com) A manufacturer of fault-tolerant computers founded in 1980. It supports both the VOS and FTX Unix operating systems on its XA/R line of i860-based systems. (R) and Mideast Data Systems Lebanon. Bank Al-Madina will install Kindle's comprehensive retail banking solution incorporating the Bankmaster/Branchpower and Transaction Processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. software. Implementation services will be delivered by Mideast Data Systems Lebanon (MDSL MDSL Multi-rate Digital Subscriber Line MDSL Medium-Speed Digital Subscriber Line MDSL Multiple Digital Subscriber Line MDSL maximal dynamic soleus length MDSL Master Deal and Signage List MDSL Maximum Data Segment Length MDSL Moderate Speed Dsl ), Kindle's partner in Lebanon. After evaluating several hardware alternatives, including high-availability configurations, the client decided to install Stratus(R) fault-tolerant hardware, a Continuum(R) 418 HP-UX HP's version of Unix that runs on its 9000 family. It is based on SVID and incorporates features from BSD Unix along with several HP innovations. (operating system) HP-UX - The version of Unix running on Hewlett-Packard workstations. , at the head-office. This system running the Unix operating system Noun 1. UNIX operating system - trademark for a powerful operating system UNIX, UNIX system operating system, OS - (computer science) software that controls the execution of computer programs and may provide various services and the Bankmaster - central system - application provides a full fault-tolerant environment for the bank's crucial central services, while also offering continuous availability for on-line access by Branchpower - branch system - to ensure non-stop services to clients. Moreover, resilience at the branch level is ensured by the functionality of Branchpower allowing off-line operation Noun 1. off-line operation - a operation performed by off-line equipment not under the control of the central processing unit auxiliary operation operation - (computer science) data processing in which the result is completely specified by a rule (especially in case of failure of the communication link between the head-office and the branch. Bank Al-Madina's new investment in its IT infrastructure will see Bankmaster installed in the head office in Beirut, providing back-office accounting and treasury functions. Branchpower will provide a Windows-based retail front end, in the bank's branches, distributed throughout the country. The new system will provide the bank with an integrated banking system, offering inter-branch banking and real-time connectivity between the bank's head office and branches. Bank Al-Madina's relationship with MDSL goes back over 12 years, where Kindle's partner has been providing ongoing products and services to the bank. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Sheikh sheikh or shaykh Among Arabic-speaking tribes, especially Bedouin, the male head of the family, as well as of each successively larger social unit making up the tribal structure. The sheikh is generally assisted by an informal tribal council of male elders. Ibrahim Bou Ayyash, Chairman and General Manager at Bank Al-Madina; "Our established working relationship and experience with MDSL were decisive factors Noun 1. decisive factor - a point or fact or remark that settles something conclusively clincher causal factor, determinant, determining factor, determinative, determiner - a determining or causal element or factor; "education is an important determinant of in choosing Kindle, Stratus(R) and MDSL as our preferred banking Preferred Bank (Chinese: 保富銀行) is a overseas Chinese bank in the United States. Headquartered in Los Angeles, with branch offices in Arcadia, California,Alhambra, California, Century City, Los Angeles, California, Chino, California, Diamond Bar, California, software, hardware and services partners. I am confident that together, we can successfully combine our skill sets and core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
The decision by the bank represents a major win for MDSL and an important new reference for Kindle Banking Systems and Stratus(R). This new business clearly establishes Kindle and MDSL as the Lebanon's premier suppliers of international banking software and services. Kindle's installed base of customers in Lebanon includes Bank of Beirut (Stratus(R) hardware), Banque de la Mediterranee, Cairo Amman Bank The Cairo Amman Bank is a full service bank in Jordan and the Palestinian territories. The bank was established on January 14, 1960 as a Jordanian public shareholding company and began its banking services on July 1, 1960[1]. , Mediterranee Investment Bank, Saudi Lebanese Bank and United Bank of Lebanon (Stratus(R) hardware). Kindle Banking Systems Kindle is one of the world's leading financial software product companies. It develops, markets, implements and supports a comprehensive range of software solutions for retail and international branch networks. Formed in 1978, Kindle products operate in over 2,000 locations and in over 80 countries around the world. The company currently employs over 500 people. Kindle is part of Misys Plc, one of the world's largest application software product companies, with annual sales for 1998, running in excess of (pound sterling)448m.
Press Contacts: Frans Van Cauwelaert
Kindle Banking Systems
Email:
Frans_Van_Cauwelaert@kindlebanksys.com Web: http://www.kindle.ie Tel: +353 1 855 4555 - Fax: +353 1 855 4550
Mideast Data Systems Lebanon SAL
Established in 1977, Mideast Data Systems (Lebanon) SAL is a
member of the ATG (Holding) company, part of the Holcom Group of
Companies, consisting of over 2,100 individuals conducting business in
39 countries throughout 4 continents. Since the inception of the
company, MDSL has established for itself a clear objective: to be the
leader in providing state-of-the-art information technology products
and services in Lebanon. Professionalism, dynamic management, employee
dedication and hard work enabled MDSL to achieve this goal and set the
pace for the Lebanese information technology market.
Press Contact: Claude J. Bahsali Mideast Data Systems (Lebanon) SAL (language) SAL - 1. Simple Actor Language. 2. SPARK Annotation Language. Email: C.Bahsali@mdsl.com.lb Web: http://www.mdsl.com.lb Tel: +961 1 582000 -Fax: +961 1 563286
Stratus(R) Computer
Based in Maynard, MA Stratus(R) Computer offers the world's most
proven range of continuously available computer platforms, application
solutions, and professional services for mission-critical business
operations. Stratus(R) currently serves more than 700 customers
worldwide focusing primarily on financial services, retail, travel,
electronic commerce, healthcare, public safety and gaming industries.
Many of Stratus(R)' customers are highly visible industry leaders such
as prominent U.S. securities firms, major credit card companies, the
largest stock exchange in Asia, the largest options exchange in the
world and 25 out of the world's 30 largest banks. For more
information, visit the Stratus(R) Web site at
www.stratus.com.
Press Contact : Sabine Duval
Southern Europe Marketing Manager
STRATUS(R) COMPUTER SYSTEMS
Email : sabine_duval@stratus.com
Tel : 33 1 41 20 37 37 - Fax : 33 1 47 25 12 18
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