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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

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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

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Southtech Limited Attains Gold Certified Partner Status
In Microsoft Partner Program

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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

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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, January 25, 2010

Press Release

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

DHAKA, 25 January 2010: Southtech Limited and DISA today have signed an agreement to automate 12 branches of DISA with Southtech Ascend Banking (MFV).

The implementation will be rolled out in three phases; first phase implementation shall be rolled out in 5 branches followed by 7 branches in the second and head office consolidation in the third.


Built with the cutting-edge Microsoft Technology, Southtech Ascend Banking (MFV) is a sophisticated solution that automates most processes of micro credit and savings starting from member admission to member retirement for microfinance institutions (MFIs). It allows an MFI to efficiently manage all loan and savings related activities and significantly reduces its administrative and operational costs. The web-based Head Office Module is capable of consolidating branch data and can produce all regulatory reporting prescribed by PKSF, in addition to CGAP and SEEP recommended reporting.


Southtech Limited is a Gold Certified Partner of Microsoft and an Oracle Gold Partner. It is also a CMMI Level 3 appraised and an ISO 9001:2008 certified software company. Ascend Banking has been independently assessed by World Bank affiliated CGAP and rated as one of the best. It has been installed in a host of different MFIs including BRAC, BEES, IDF, PBK, SUS and Sajida Foundation.


DISA started working in Comilla, Bangladesh in 1993 in response to the credit needs of the rural poor. Since then, DISA’s primary strategy has been to identify the needs of society and to provide financial, advisory and other supports to mitigate the sufferings of people, especially the poor women, through various projects.

For more information, please send email to enquiries@southtechlimited.com

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