Group Managing Director and Chief Executive Officer of Southtech Syed Mamnun Quader and Executive Director of RDRS Bangladesh Mohammad Enamul Kabir signed the agreement at RDRS Bangladesh, Uttara office, said a press release.
As per the agreement, CMMI level-5 company Southtech will automate all their branches from Ascend Banking to Ascend Solution within a short period of time.
Southtech Ascend Financials is a suite of financial software that caters to microfinance banks and institutions. This solution is suited for the most advanced financial managers. It has unique solution architecture and new digital service delivery channels.
A mobile app, agent banking, internet banking and ATM interface will allow all to reach out to all segments of society in a highly cost-effective manner.
Presently, RDRS Bangladesh provides development support to over 2,000,000 people in 20 districts of Bangladesh. For maintaining this big project, they were looking for a solution through which they can operate their each branch operations efficiently.
In 2011, RDRS Bangladesh showed interest for Southtech’s revolutionary product Ascend Banking Solution, which was desktop-based. Through Ascend banking software solution RDRS Bangladesh was operating over 240 branches in Bangladesh from last eight years.
Moving forward with time, Southtech introduced RDRS Bangladesh with their web-based solution called Ascend Financials which is a cloud-based version.
To provide the best service for MFIs, Southtech Ascend Financials is powered by a business intelligence (BI) tool.