Page 36 - SAMENA Trends - November 2020

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

stc Bahrain Wins Bahrain’s “Best Integrated
Payment Solutions Provider” at The Global

Economic Awards 2020

stc Bahrain, a world-class digital enabler, technological services that are specifically stc pay the digital mobile wallet and
has won the distinguished “Best Digital designed to meet the needs of customers various stc protect insurance services.
Transformation” at Cosmopolitan The and businesses, especially in various Cosmopolitan, The Daily Business Awards,
Daily Business Awards 2020, recognizing digital sectors and products. We also aim aims to recognize and reward excellence in
its role as a digitally innovative, creative to offer a broad spectrum of renewable business to companies worldwide, both in
driven enabler in the Kingdom. stc Bahrain, technologies, customizable variations and the public and private sectors. Their goal
with its investments in future-focused the utmost flexibility in a world of evolving is to make sure that innovation, creativity,
technologies and innovative solutions, digital needs” stc Bahrain has successfully and the drive to create value gets its due
has continues to contribute to Bahrain’s transformed from being a telecom service recognition. This award adds to the many
readiness towards becoming a digitally provider to becoming a regional digital local, regional and international awards,
enabled society. Eng. Nezar Banabeela, champion. The company has significantly which stc Bahrain has won including “Best
CEO of stc Bahrain, commented: “We are invested in new infrastructure to pave integrated payment solutions provider”
honored to be awarded the Best Digital the way for future connectivity services at The Global Economic Awards 2020 as
Transformation from Cosmopolitan and cutting-edge technologies. This well as “Most Innovative Digital Solutions
The Daily Business Awards 2020. We includes the 5G, cybersecurity, cloud Brand” at Global Brands Magazine Awards.
are continuously working to digitize computing, mobile payment solutions,

Tech Mahindra and Subex Partner to Drive Scale

Adoption of Blockchain-Based Solutions for

Telecom Operators Globally

Tech Mahindra, a leading provider of efficiencies for communication service communication service providers (CSPs)
digital transformation, consulting, and providers (CSP) by reducing compliance and drive enhanced visibility in the end-
business re-engineering services and complexities and faster time-to-market. of-the-month billing cycle. The CSPs
solutions, and Subex, an industry leader in The partnership will enable real-time will benefit from enhanced operational
providing services based on Digital Trust, reconciliation reports with summarized efficiencies by leveraging blockchain
have announced strategic partnership data to minimize discrepancies, leading based smart contracts and forge more
to drive scale adoption of blockchain- to reduction of multiple validations and impactful alliances to drive trust amongst
based solutions for telecom operators quick dispute resolution through tamper- diverse stakeholders.
globally. These solutions will enable proof verifiable transactions. Further this
fraud mitigation and drive operational collaboration will expedite settlement for

Tech Mahindra Inks INR 400 Crore ‘Project Parivartan’ Contract with

Hindustan Aeronautics Limited

Tech Mahindra, a leading provider of digital aircraft, helicopters, their engines and in the similar industries globally. Selected
transformation, consulting and business associated systems. Tech Mahindra will as a system integrator, Tech Mahindra will
reengineering services and solutions, be responsible for the transformation implement Project Parivartan over a period
announced that it has inked a contract of and modernization of the ERP system of nine years by ensuring smooth transition
INR 400 crore for ERP (Enterprise Resource as an implementation and support to a centralized version of ERP. Tech
Planning) implementation ‘Project partner enabling HAL to streamline and Mahindra will transform the distributed
Parivartan’ by Hindustan Aeronautics standardize its business processes across application to a centralized application,
Limited (HAL), a premier, Navaratna the organization. ‘Project Parivartan’ is for all the HAL’s 22 divisions based on
aerospace company under the Ministry of a comprehensive business integration a business transformation engineering
Defence, Government of India, with proven exercise driven to achieve a centralized ERP process, which includes implementation of
capabilities in R&D, Manufacturing and for HAL. This exercise will enable HAL to SRM (supplier relationship management),
Maintenance of fighters, trainers, transport adopt some best practices being followed CRM (customer relationship management)

36 NOVEMBER 2020