Admerex signs agreement with ABN AMRO in India and Pakistan

Admerex Limited (ASX:ADL) today announced an agreement with ABN AMRO Bank to implement its CWX software in India and Pakistan. Admerex CWXtm (CWX) is one of the world’s leading credit and collections software packages.

The system will cover all ABN AMRO lending products, including credit cards, personal and mortgage loans. This agreement takes to six the number of country implementations for ABN AMRO and follows the recent implementation of CWX in Singapore and Indonesia. Admerex had already installed its CWX software in Hong Kong and Taiwan.

The implementation of the systems is expected to commence immediately in both locations.

Commenting, the CEO of Admerex, Mr Kim Goodall, said: “Admerex has positioned itself to become a leading software and services provider in the credit and receivables management marketplace underpinned by long term relationships with blue chip clients such as ABN AMRO.

“Our strategy is to offer our current and potential clients solutions at every step of the credit and receivables lifecycle, from client acquisition and credit risk assessment to repayment and delinquency management and recovery,” he said.

The recent implementation at ABN AMRO Indonesia and Singapore coincides with the completion of the second stage of the implementation at Planters Bank in the Philippines where CWX is now utilised for its entire product portfolio which includes over 300 banking products.

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