Nedcor awards Staffware £1 million mortage contract

Nedcor awards Staffware £1 million mortage contract

Financial software provider Staffware has won an enterprise workflow contract worth £1 million with Nedcor, one of South Africa's largest banking groups.

The company's software is to be adapted by the bank with Dimension Data - Staffware's partner in South Africa - to manage Nedcor's home loan application process including credit authorisation, risk assessment and property assessment.

The bank anticipates that three of of its home loans' branches will be live on the system by the end of November 2000, with further countrywide deployment expected during the first half of next year.

John O'Connell, chairman and CEO of Staffware says the contract represents a major breakthrough for the company in the South African market.

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