IDEALINVENT's product suites ConnectCoreTM and DataMatriceTM comprising of core banking, channels & mobility as well as data management products will be available to banks on license, rental and SaaS models.

Ncat is a leading distributor of globally recognized banking solutions in Nepal and has a wealth of experience in installing banking solutions such as ATM systems as well as consulting for On-line channels and Core banking implementations.

Nepal's financial services sector can benefit hugely from IDEALINVENT's cost effective delivery models for their next generation banking platform ConnectCoreTM. The ConnectCoreTM suite of products is completely service orchestrated allowing very short implementation timeframes and significantly low cost of ownership. IDEALINVENT's products are also available as a service, under the B-SaaSTM brand name. B-SaaSTM is provided on a community cloud model where customers share common infrastructure and core services. The services portfolio of B-SaaSTM covers the front office, back office, accounting and reporting requirements of banks.

Ncat's Managing Director, Atendra Shrestha says: "Our partnership with IDEALINVENT is a big step forward in our endeavor to cement our position in the banking solutions market and become a leading distributor in the region, because it entrusts us with superior products in addition to our already strong position in the Nepalese market."

"ConnectCore makes leading edge technology affordable for banks in Nepal by using innovative delivery and business models. It empowers banks by providing them with the foremost technology to pursue strategic business and growth opportunities." - comments IDEALINVENT's head of Alliances and Partner strategy, Mridul Kumar Nath.