Nile Bank Uganda selects Equinox Universal Banking Solution

London, October 26th, 2005

Nile Bank, a prestigious financial institution specializing in retail banking has chosen Neptune’s Equinox Universal Banking solution after a thorough evaluation and reconfirms Neptune’s position as Africa’s preferred banking solution provider.

Commenting, Richard Byarugaba, the Managing Director of Nile Bank, said, "Neptune’s advanced product strategy was the best suited for our requirements. Equinox’s flexible and resilient architecture and ability to offer integrated Workflow and Customer Relationship Management is consistent with our strategic direction and will help us improve our propositions to our customers and remain a customer-oriented institution in word and in deed. In addition, Neptune’s commitment to our market demonstrated by strong local and regional support infrastructure is particularly reassuring.

Going further, Thomas Schuppius, Project Manager Nile Bank stated that, "Equinox proved to be functionally superior at every stage of the evaluation. Equally important from our perspective was the fact that Neptune has a proven track record in Uganda, and offers prior experience migrating banks from our current system. The entire team now looks forward to the successful completion of the project and the realization of the desired business benefits."

According to Chibuzo Ene, Neptune’s Regional Director, "Being chosen by Nile Bank is very significant because they are a respected institution and acknowledged as a market leader in Uganda. Theirs was a very professional evaluation involving all the major banking software providers in the world. It is a tribute to Neptune’s strategy and we pledge our unreserved support to Nile Bank."

Nile Bank will implement all modules of Equinox including Core Retail, Treasury, Trade Finance, Reconciliation, Internet Banking, ATM, SMS Banking and Customer Relationship Management (CRM), on the LINUX platform. Equinox’s offline capabilities and other measures will be utilized to ensure highly available and fault-tolerant systems.

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