20 July 2018
Visit www.gemalto.com

Bank of Zambia taps Sofgen for T24 R10 upgrade

29 February 2012  |  1976 views  |  0 Source: Sofgen

The Sofgen group, an international provider of IT solutions for banks, is pleased to announce the successful completion of the reimplementation of Temenos T24 R10 for the Bank of Zambia.

Prior to the start of the project, SOFGEN performed a system audit aimed at identifying issues with the bank's T24 R05 system. Acting upon the recommendations outlined in the audit report, the bank realigned its processes and extended the footprint of the T24 solution via the acquisition of new modules in the areas of Money Market, Nostro Reconciliation and Foreign Exchange. In addition, the RGTS and SWIFT interfaces were redesigned.

"This project has by every measure been a major success. With the upgraded system, our users are now able to perform tasks that were previously carried out manually. SOFGEN can take pride in the quality and professionalism of its employees", remarked Dr. David Mwape, IT Director, Bank of Zambia.

"Our audit team advised Bank of Zambia to go beyond a purely technical upgrade to R10 and to consider a reimplementation. This approach created significant opportunities for process improvement and automation. SOFGEN is appreciative of the cooperation and support provided by the bank throughout the project", commented Tunde Oladele, Chief Executive Officer, SOFGEN Africa. 

Comments: (0)

Comment on this story (membership required)

Related company news


Related company information

Temenos – The Banking Software Company

Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit https://secure.vasco.comVisit info.nice.com

Who is commenting?

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
12974 views comments | 6 tweets | 7 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
10453 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
9791 views 19 comments | 15 tweets | 30 linkedin
IBM to test dollar-pegged 'stablecoin'IBM to test dollar-pegged 'stablecoin'
6841 views comments | 4 tweets | 14 linkedin
Bringing about new systems and faster payments globallyBringing about new systems and faster paym...
6666 views comments | 2 tweets | 7 linkedin

Featured job

Find your next job