NMMC signs an MOU with European Business and Technology Centre

Under the aegis of India’s smart city challenge, NMMC has signed an MOU with European Business & Technology Centre to promote real time solutions and best practices from Europe for the Navi Mumbai Smart City Project in the presence of Hon. Chief Minister Shri Devendra Fadnavis, at CIDCO Exhibition Centre, Navi Mumbai.

Highlighting on the importance of the MOU, Mr. Dinesh Waghmare, Commissioner NMMC commented “This MOU with EBTC is a testimonial that Navi Mumbai is all geared up to meet the benchmark guidelines for the said challenge. The MOU fits very well in uplifting the cause of a Smart City which requires comprehensive development of physical, institutional, social and economic infrastructure. All are important in improving the quality of life and attracting people and investments to the city, setting in motion a virtuous cycle of growth and development."

European Business and Technology Centre (hereinafter called EBTC) is a program co-funded by the European Union and implemented by EUROCHAMBRES, the Association of European Chambers of Commerce and Industry, with a company incorporated in India. EBTC is the reference point for promoting and indigenizing European technologies to suit the local needs in India. EBTC’s efforts focus on four main sectors Biotechnology, Energy, Environment and Transport.

EBTC has been delighted to be an integral part of this expert mission being spearheaded by NMMC and to help replicate the best of EU Smart City here in Navi Mumbai. EBTC intends to provide access to EU policy frameworks which could be used as a template for the Navi Mumbai Smart City Project. “

The “EU India Smart Cities Knowledge and Innovation Program” will provide real time solutions for the Navi Mumbai Smart City Project. Capacity building in evolving areas of smart city initiatives from Europe will be conducted for Navi Mumbai Municipal Corporation. The Joint events/seminars/workshops/webinars and Expert missions from Europe will bridge NMMC with EU funding agencies across Europe for the smart city projects.

Smart Banking Ideas for a Smart City - Navi Mumbai

Leading Bankers shared innovative suggestions at the forum

The Navi Mumbai Municipal Corporation (NMMC), in its endeavor to engage with enlightened minds for the Smart City Mission, held a Smart Banking Connect at NMMC Headquarter, Belapur on Thursday evening. The NMMC sought bright ideas and suggestions from the city’s banking community for seeking avenues for smart banking for the citizens.

The event witnessed the presence of esteemed banking organizations like Bank of India, Bank of Maharashtra, SBM, Indus Ind Bank, Axis Bank, ICICI Bank, Yes Bank, Allahabad Bank, Bank of Baroda and Indian Bank.

The Navi Mumbai Municipal Corporation was represented by the Chief Accounts and Financial Officer D.M. Garad and Chief Auditor Suhas Shinde. Members present were enlightened on how Smart City Navi Mumbai can bring about a drastic change in the lives of residents due to improved banking.

The session was followed by the banking fraternity sharing ideas of smart banking for the smart city. Some of them included introducing incentives on e-payment of bills, collection of bills through mobile bank vans, smart gadgets and correspondents that can collect payment of the bills from slum and village areas. An idea of a smart mobile application and a smart NMMC card for payment of water, electricity, property bills etc from one point was discussed.

The Smart City Challenge is designed to inspire greater creativity from municipal officials and their partner ecosystem. The challenge invites for a more evolved ‘Citizen-Civic’ engagement, along with an overall development of proposals that will produce concrete benefits in people’s lives.

NMMC Seeks Smart Ideas From Engineers

The Navi Mumbai Municipal Corporation (NMMC), in its endeavor to engage with enlightened minds for the Smart City Mission, held a workshop at The Institution of Engineers, Belapur on the evening of 19th November, 2015.

The NMMC sought bright ideas and suggestions from the engineers present and their whole-hearted participation.

The institutions present included The Institute Of Town Planners, The Indian Institute of Architects, The Institute of Company Secretaries Of India, The Vaikuntha Mehta Institute for Decentralized Industries, The Indian Institute of Materials Management and The Indian Institution of Industrial Engineering.

NMMC Chief Engineer Mohan Dagaonkar presented the achievements of the civic body and consulted engineers, architects and other leading fraternity on the Smart City Projects. He listed few challenges faced by NMMC like strengthening public transport system, providing adequate parking facility, ensuring citizen safety and maintaining high-growth trajectory for economic development.

Members gave their opinions on various projects. Those present were enlightened on how Smart City Navi Mumbai can bring about a drastic change in the lives of residents due to improved infrastructure and lifestyle.

The present event upholds NMMC’s broad vision to make Navi Mumbai the future city by setting the stage for knowledge sharing with specialists.

The Smart City Challenge is designed to inspire greater creativity from municipal officials and their partner ecosystem. The challenge invites for a more evolved ‘Citizen-Civic’ engagement, along with an overall development of proposals that will produce concrete benefits in people’s lives.

Dagaonkar said, “NMMC aims to establish Navi Mumbai as an exemplar for both citizens as well as other cities around the world to emulate. A place where everything we want to achieve will come together: eco-friendly and sustainable environs, efficient infrastructure and an enviable lifestyle.”

The Navi Mumbai civic body has asked residents to send suggestions for smart city to the following address:
Municipal Commissioner, NMMC head office, plot no1, opposite Killa gaothan, sector 15A, CBD Belapur, Navi Mumbai - 400614.

3i Infotech sets benchmark in KSA with Saudi home loans

-          ORION, KASTLE Universal Lending (ULS) and KASTLE Treasury are amongst  the chosen products

India, 19 October, 2015: Saudi Home Loans (SHL), a Riyadh based fully Islamic specialized home finance company, established to provide customer focused products and services to finance home loans, adopts 3i Infotech's mainline solutions- ORION, KASTLE Universal Lending (ULS) and KASTLE Treasury.

SHL is now equipped with powerful capabilities to manage three key processes - Internal Systems, Data Management & Human Resource Management.

Speaking on the occasion, Jeelani Basha, Geo Head- KSA and Bahrain, 3i Infotech said, “The new system implementation by 3i Infotech has enabled SHL to automate and improve their go-to-market strategy to offer new products in the lending business market. The new system has also enabled the end users to access customers’ information and documents on real time basis which will eventually improve the user performance as well as customer relationship.

Abdulelah Al-Shaikh, CEO, Saudi Home Loans commented, “SHL selected 3i Infotech’s KASTLE ULS (integrated with DMS and OBI), KASTLE Treasury and ORION. We went Live on these solutions in June, 2015. Implementation of these products involved a number of challenges but the dedication and knowledge of 3i Infotech’s team made it to a successful migration into production, and since then, we have been able to serve our customers with superior services. We continue to work closely with 3i Infotech and agree the timetable for the phase two deliverables. We look forward to continue our collaboration and I hope this collaboration will be a long and enduring professional relationship between the two companies”.

KASTLE ULS is an enterprise-wide lending solution that automates the entire lending life cycle from customer acquisition to recovery. KASTLE ULS accelerates commercial lending, consumer lending, home equity, project financing, Islamic lending and micro finance.

KASTLE Treasury is a leading, integrated treasury management solution used by financial institutions worldwide to meet their business objectives. Equipped with holistic picture of an organization’s financial health, KASTLE Treasury offers multi-entity, multi-portfolio, multi-dealing room environment supported by robust risk management, back-office management, and MIS. With the capability of being deployed on Oracle Database 11g Release 2, KASTLE Treasury is now Oracle Exadata & Exalogic Ready.

With the deployment of the technologically advanced ORION ERP system, SHL gets complete control over the value chain and instant access to actionable and critical business information which is imperative for growth oriented businesses to run seamlessly.

Efficient management of SHL transformation adds another feather to the 3i Infotech’s leadership skills in the Banking and Financial Services sector in Kingdom Of Saudi Arabia region.