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BankMuscat complete MPLS VPN project roll out
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BankMuscat is the first bank in the Sultanate to
employ this technology
Muscat. February 25, 2008: BankMuscat (SAOG),
the nation’s leading financial services
provider, has recently completed the
MultiProtocol Label Switching (MPLS) Virtual
Private Network (VPN) project roll out. This was
as a result of the agreement BankMuscat had
signed with Omantel in Oct 07. BankMuscat is the
first bank in the Sultanate to have employed
this technology, which will considerably enhance
the levels of efficiency in routing, forwarding,
and switching of traffic flows through its
branch network.
Speaking of the Bank’s commitment to
technology-led excellence, Abdul Razak Ali Issa,
Chief Executive, BankMuscat, said:
“BankMuscat has always believed in harnessing
the power of technology to build a
differentiated brand experience. The MPLS
project is a showcase of how two industry
leaders can work together for the betterment of
industry offerings across the country. The
solution, we are sure, will help us considerably
strengthen our service offering to our valued
customers, across the length and breadth of the
country.”
BankMuscat has successfully rolled out the MPLS
technology solution across the Bank’s network of
110 branches nationwide well ahead of the
scheduled completion of the project. Omantel
will now be responsible for monitoring the
Bank’s service network real-time and proactively
initiate solutions in case of an emergency or on
detection of any fault in the system.
Advantages of the MPLS technology include faster
data communication, wider application of
e-learning, and introduction of new application
packages to improve customer service.
The Bank, it may be recalled, had in 2006
announced the signing of an agreement with
TEMENOS Headquarters SA to introduce a new
state-of-the-art core banking system, based on
TEMENOS T24™, the world’s leading integrated
banking system following a 5-month search and
evaluation process led by global technology
consultancy firm, Gartner Consulting.
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