SOFGEN Holdings, the Geneva, Switzerland-based IT consultancy and AMRET Microfinance Cambodia (AMRET) said that AMRET’s microfinance and community banking application, T24 MCB, has gone live in Cambodia, implemented by SOFGEN.
The system is already in use in 31 branches and provincial offices across Cambodia and is gradually being rolled out to the remaining 102 locations
“After deciding to acquire T24 as our core banking platform, we looked for the right partner who not only understands the system but also understands microfinance and is flexible enough to adapt to Cambodia’s particular cultural environment, said Dinn Dos, deputy chief executive officer (CEO), AMRET. “SOFGEN’s microfinance team came highly recommended.”
AMRET started operations in 1991 first as credit only institution and provides microfinance to rural population in the Kingdom of Cambodia. In 2001, it was licensed as a deposit taking institution by National Bank of Cambodia. AMRET has grown to become a major financial institution serving over 300,000 customers.
On day one of SIBOS, panellists unanimously agreed that doing nothing to modernise payments was no longer safe bet for transaction banking.
Rising interest rates, excitement around blockchain use cases and cross-border payments were all hot topics at this year's AFP conference in San Deigo.
Today CGI and GTNews have announced the launch of the fifth annual Transaction Banking survey report, which offers which offers critical insight into the corporate-to-bank relationship.
The US dollar and debt yields falling on the North Korea missile test, treasury being a top target for cyber criminals and why treasurers aren't into real-time payments all hit the latest headlines in the world of treasury this week. Don't miss our ten top news stories from around the world.