They will implement Rubikon Retail, Trade Finance, Treasury, Business Intelligence and e-Banking.

ILFCO initiated as one of the pioneering spirits in the Nepalese financial scenario by introducing lease financing in the nation. A brainchild of Nepalese and Korean counterparts, it is at present one of Nepal's diversified multinational financial institutions providing comprehensive financial management service options customized specially to the needs of the Nepalese people.

The bank looked at various systems, including Finacle from Infosys and T24 from Temenos before selecting Rubikon. "We believe this is a genuine new generation solution that offers much more than other systems available in the market. We are confident that Rubikon will support the bank's future growth plans and provide our customers with a world-class banking experience," said Anil Dhungel, CEO, ILFCO.

"We are delighted to welcome ILFCO as a Neptune customer. Rubikon's flexible architecture will enable the bank to deliver new products and services quickly to keep pace with the changing requirements of its customers, while improving internal processes such as reporting and business analytics for increased operational efficiency," said Stacey Small, sales director, Neptune Software plc.

Neptune Software also signed a strategic partnership with Progression IT Solutions an information technology services company with over seven years' experience in the banking industry in Nepal, to enhance Neptune's presence in Nepal. This move demonstrates Neptune's long-term commitment and investment in this market. "A key part of our strategy is developing winning partnerships. The local presence from Progression IT Solutions combined with Neptune' domain expertise and market-leading position in banking software will enable banks to get the best technology and a broader set of solutions and support from us," commented Stacey Small.

"We are pleased to team up with Neptune, and are confident that this strategic partnership will reap considerable rewards in Nepal," says Kamod Dhungana, CEO, Progression IT Solutions.