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International Empire Traders Group Provides Financial Technology

International Empire Traders (IET) Group, is numero uno when it comes to such technology which specialises in providing office and finance related automation for the banking, corporate and retail sectors.

Twenty leading European and US brands support their endeavour to ensure that their clients in the UAE, Qatar, Pakistan (and soon to be initiated Saudi Arabia) don’t have to endure those long queues and cumbersome formalities when it comes to cheque deposits and other essential bank transactions.

Salahuddin Yasin, the commanding CEO and founder of this expanding group tells us that the group’s sales turnover last year beat the previous performance by a staggering margin.

Abdullah Salahuddin, the ever-entrepreneurial marketing director of the IET Group states that Noor Islamic Bank, the newest bank to hit the UAE banking scene, first contacted IET when their launch plans were being finalised in February last year and they have been with them since.

Top-notch finance institutions such as Mashreq Bank and RAK Bank have stuck with IET through thick and thin for the past 25-odd years, as this firm believes that it’s all about business relationships and maintaining a great after-sales consumer service — key elements to stay afloat in this competitive business.

Their one-of-a-kind Plus Scan, two pocket currency scanner, one of the firm’s front-runners, works almost as if it runs on an Artificial Intelligence module.

It can count varying currencies such as dirhams, Dollars and Euro, sort them by denomination, recognise notes and detects suspicious notes, thus proving an effective tool against fighting counterfeit in this trade-based economy.

The Rototype, bulk cheque scan deposit kiosk is fully automated and performs all sorts of functions ranging from cheque deposits, receipts with images and a facility to send cheque images to the Central Bank’s Image Based Cheque Clearing System (ICCS).

IET Group is now preparing to launch (within a month) the latest technology in self service coin deposit.

This will be the first of its kind in the Gulf markets, enabling the customers to walk into any bank branch or retail outlet and deposit coins that have been accumulating with them.

The machine is able to recognise, sort and count all coin denominations of UAE with successful counterfeit and foreign coin detection within minutes. It then produces a receipt of the deposit to the customer, which can be presented to the bank teller for cash redemption or payment in exchange of goods purchased at any retail outlet.