Single platform for consumer loan products goes live, simplifying the bank's lending portfolio operations

CHENNAI, India & ABU DHABI, United Arab Emirates - Wednesday, August 14th 2013 [ME NewsWire]

(BUSINESS WIRE)-- Polaris Financial Technology Limited, a leader in products, solutions and services that enable unprecedented operational productivity for the global Financial Services industry, announced that Abu Dhabi Commercial Bank (ADCB), UAE has gone live with Polaris’ Intellect® Loan Management System (LMS). The Intellect product will cater to the bank’s consumer lending product portfolio, thereby becoming a one-stop lending portfolio lifecycle management.

Polaris’ highly configurable Intellect LMS handles the entire loan servicing and enables the bank to offer consistently superior customer experience across consumer loan products.

The implementation of Intellect LMS with its greatly parameterized product definition functions serves as a single p ... Read more »

Dubai, United Arab Emirates - Wednesday, August 14th 2013 [ME NewsWire]

 LG Electronics (LG) has started taking pre-booking orders on the HOM-BOT SQUARE robotic vacuum cleaner, the next generation of robotic cleaning technology.

"Helping consumer’s lead more convenient lives with smart technology is what LG is all about,” said Mr. D. Y. Kim, President of LG Electronics Gulf FZE. "HOM-BOT SQUARE is contributing toward this goal in a large way on the strength of its innovation and competitiveness in this growing market.”

With sharp right-angles being found in practically every building in the world, LG engineers based the new HOM-BOT on a square, different from the circular design of most robot cleaners. The cleaner’s unique square design, hi-tech sensors and newly improved brushes (1.5cm longer than those in the previous model) are collectively called Corner Master and enable HOM-BOT SQUARE to more effectively reach areas that other cleaners simply ignore.
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Non-disclosure of Personal Information while Surfing the Internet

ABU DHABI, United Arab Emirates - Tuesday, August 13th 2013 [ME NewsWire]

Abu Dhabi Police warned both citizens and residents against falling prey to cyber fraud and extortion, urging them to avoid disclosing their personal information and bank account numbers and not to fall for misleading ads on particular sites on the Web.

As part of an awareness-raising initiative aimed at combating cybercrimes, the Abu Dhabi Police also urged community members to exercise caution when using social networking sites and refrain from sharing personal data or photos. Furthermore, ADP noted that cybercrimes in the Emirate of Abu Dhabi are still not as dangerous and widespread compared to other global cities. It indicated that cybercrimes can be curtailed through concerted efforts with individuals; and community awareness is the first line of defense in addressing these negative issues.

Colonel Dr. Rashid Moham ... Read more »