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Joint Seminar with Stromme Foundation on "Technology Effectiveness for MFIs"

Southtech Ascend Banking Presented in "Moving Forward with Innovation" Conference in Manila

Southtech and Cambodian Microfinance Association Hold Seminar

Development Initiative for Social Advancement (DISA) and Southtech Sign Contract For Ascend Banking (MFV)

Sajida Foundation and Southtech Sign Contract For Ascend Banking (MFV)

Southtech and BRAC signed an agreement to automate 1,000 new branches with Ascend banking system (Version 5)

CRISL Rates Southtech

Southtech Celebrates Achievement of CMMI Level-3 Appraisal

Southtech Ascend Banking System Version 5 Released

Southtech assessed at CMMI Level 3 Quality Standard

Southtech Wins International Bid

Eastern Bank Limited to Use Southtech SCALED

Southeast Bank Chooses Southtech HR system

Southeast Bank Places Work Order for Southtech Shanchya Patra Management System

Southtech Ascend Banking in Afghanistan

Save the Children - Denmark Sweden Signs Contract with Southtech

Central Hospital Limited to Install Southtech PatientCare

BRAC Afghanistan Bank to Install Southtech Ascend Banking

Ascend.NET Gets Independent Evaluation

Southtech signs an agreement with a London-based software product company

Southtech MBSŪ has been renamed as Southtech Ascend BankingŪ

Southtech Limited Continues Registration to ISO 9001:2000

Southtech SCALED to be installed in Dhaka Bank

BDFCL to install Southtech MBS

Southtech implements Government Bond Management module in a foreign bank

Microsoft Bangladesh and Southtech Limited jointly organize a seminar

Southtech Progressive Stockbroker® Upgraded to interface with CDBL

Southtech Limited Attains Gold Certified Partner Status
In Microsoft Partner Program

Family World automates using Southtech EasyPOS®

Southtech signs off with Coopers for the implementation of Southtech EasyPOSŪ

Southtech sponsors 7th International Conference on Computer and Information Technology (ICCIT)

Southtech Limited Continues Registration to ISO 9001:2000

A&W Restaurant goes live with Southtech DiningPlus®, a fully integrated touch-screen restaurant management software

Southtech automates Institute of Child Health & Shishu Hospital with Southtech PatientCare® Software

Southtech Appointed as Distributor of China’s Largest ATM Manufacturer

Southtech to help Sonali Bank and BASIC Bank in SWIFTNet FIN Migration

Southtech to automate two branches of Agrani Bank with Southtech MBS®

Southtech signs contract with PRICECLUB

Southtech becomes ISO 9001:2000 certified

Southtech holds workshop at BIBM

Automation works of 1,131 BRAC offices completed

 


Dhaka, 2 January 2006

Press Release

Southtech Millennium Banking SystemŪ (Southtech MBSŪ) has been renamed as Southtech Ascend BankingŪ from 1st January 2006. Southtech Ascend BankingŪ is an integrated online banking system that has been running successfully for over five years and is a highly parameterized banking software suitable for commercial and retail banks that also have large SME and microfinance operations

"We have renamed our banking product to avoid a market misconception that Southtech had jointly developed the software with another company, Millennium. In view of world and national trends we also took the opportunity of interfacing our flagship microfinance product, Southtech Ascend .NET with Southtech Ascend Banking which allows our clients access to a wider choice of financial products at their disposal", said Southtech's CEO and Managing Director, Syed Mamnun Quader.

"While Southtech Ascend .NET interfaces with Southtech Ascend Banking, we are now working towards making the two products integrate seamlessly such that a banking institution wanting to enter the MFI space can do so quickly. Similarly, if an MFI, if allowed to offer mainstream banking services to the public, can do so quickly," said Southtech's Head of Financial Products & Services, Md. Feroz Ahasan.

Established in May 1996, Southtech is a Gold Certified Partner of Microsoft and an ISO 9001:2000 certified company for software design, development, maintenance and sales.

For further information, please contact:

enquiries@southtechlimited.com

 


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