Ivan Fernandes

M.D. and CEO of Ducont FZ-LLC.


Ivan Fernandes is the Managing Director and CEO of Ducont FZ-LLC, a Dubai Internet City based company dedicated to the development and hosting of Internet and Mobile Commerce applications. Ivan has been involved in banking technology since 1988, developing IT solutions, specializing in critical on-line banking applications for retail banking, trade finance, funds transfer, treasury management and other related fields

Ducont is the pioneer wireless applications provider and has deployed several wireless solutions to its clients in the Middle East. Some of its clients include Etisalat, Batelco, Qtel, Dubai Police, Dubai Financial Market, Dubai Egovernment, Emirates Bank Group, National Commercial Bank and Bank of Bahrain and Kuwait. Ducont has already won several global awards for its innovative solutions that include – Finalist at the e-biz challenge conducted by Dubai Internet City in October 2000, Best Collaborative Solution at the Microsoft Fusion Awards in July 2002 and again in October 2003 for the Eastern Europe, Middle East and Africa region, runner up at the 2003 GSM Association Awards and Winner at the Microsoft Retail Application Developer awards held in Paris in April 2003.

Awards show case

Prior to setting up Ducont, Ivan had set up Synectics in 1995 and successfully developed a banking front-end called ‘Quaestor’ which is currently used by a number of Banks world-wide. Logica acquired ‘Quaestor’ in 1998. Ivan worked as the Chief Technology Officer for Logica Financial Products and Regional Manager – Middle East until early 2000 when he promoted Ducont.

Ducont WINS at the Microsoft RAD Awards 2003!

Ivan passed his pre-university studies at St. Aloysius College, Mangalore in 1981 before proceeding to graduate in Engineering from Mysore University in 1985.

Starting his career as a Scientist in Bhaba Atomic Research Centre, Ivan used his specialisation in image processing to develop a signature verification product that is used by several banks world-wide and then extend into a career in banking as a IT specialist. In May 1995, Ivan decided to become an entrepreneur and setup Synectics in Bangalore specialsing in banking systems.

Ivan is honoured to be recognised and rewarded for his achievements. He was included in the International Who’s Who of Professionals for the Year 2003. He is the President Elect of The Indus Entrepreneurs (TiE), Dubai Chapter that is the world’s largest group of successful entrepreneurs (majority of which are Indians) with 40 chapters worldwide. He is a member of the IEEE Computer Society and is on the board of some of the reputable organisations in the Middle East.