Southtech comes Second for Innovative Technology in Washington DC

Washington DC - 27 October 2010

Southtech Limited came second in the global competition for Innovative Technology in the Microfinance Recognition Awards in Washington DC, USA on 26 October 2010. The event was organized by Hanson Wade of the UK and sponsored by IBM, Symbiotic, IFC, and Gradatim. Overall there were over 100 nominations from around the world for the awards.

Southtech Ascend Banking is a comprehensive state-of-the-art solution for microfinance and retail banks. It has a unique hybrid architecture especially suitable for developing countries allowing for off-line, online, centralized and decentralized operations with many features making best use of mobile technology. The solution can be scaled up rapidly for a growing MFI, MFB or retail bank.

Upon receiving the award, Southtech’s Managing Director & CEO, Syed Mamnun Quader said, “Bangladeshi technology companies developing application packages for the world should compete at the global level to bring out the best in them and to even get recognition within Bangladesh. This global award is a wonderful recognition for Southtech, its employees and all its clients who make these innovations possible. We shall continue to invest in innovative technology that benefits our clients and their end-clients.”

Southtech was established in 1996 and is a CMMI Level 3 assessed and an ISO 9001:2008 certified company. It is a Microsoft Gold Certified Partner and an Oracle Gold Partner.

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