Citi adopts WPS solution from Raqmiyat.
Raqmiyat, a leading UAE-based systems integrator, has announced the implementation of 'WPS Connect' for Citibank in the UAE to help comply with the Ministry of Labour and Central Bank 'Wages Protection System' (WPS) regulations.
The interface covers all cycles contemplated under the WPS - from funding to payment of wages - and enables the banks' corporate and retail accounts to participate in WPS.
Raqmiyat has successfully completed the implementation in four weeks, making Citi the first bank to deploy 'WPS Connect' giving them the flexibility and scalability to meet customer requirements.
'WPS Connect' is a state of the art solution that comes with a browser-based architecture, making it easily deployable and scalable.
The solution also has a role-based system, which provides Citi's personnel from specific departments' access only to screens that they need to manage or are relevant to them. Further, the software allows the bank to use its existing file transfer mechanisms, while providing adequate security to arrest any possible file tampering, Raqmiyat said in a statement.
Citi's selection was based on the robust technology and in-depth functionality of 'WPS Connect', and Raqmiyat's strong reputation and extensive experience in the banking, financial services and insurance sector.
"For this implementation, our top priorities were to address Citi's compliance requirements and help them address the demand from their corporate clients to implement the solution at the earliest," said Nilesh Sarker, vice president - Banking and Finance, Raqmiyat.
"The inclusion of Citi, with their strong global footprint, to the list of regional and international financial firms who have adopted our solution stands as a testament to the credibility of 'WPS Connect' and our expertise as an innovative and proactive systems integrator," he added.
Raqmiyat's 'WPS Connect' is based on the exchange of stipulated file formats and offers added features such as salary reminder reports, automatic file transfer mechanism and database update .-TradeArabia News Service
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|Publication:||TradeArabia (Manama, Bahrain)|
|Date:||Nov 9, 2009|
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