RDRS Bangladesh signs up for Southtech Ascend Banking

Dhaka - 31 March 2011

RDRS Bangladesh has signed an agreement with Southtech Limited to replace its foreign core banking software, Microbanker, with Southtech Ascend Banking. Under the agreement, by December 2011 Ascend Banking will be live in all 160 branches and head office of RDRS. Work will commence from April.

“We are satisfied with the excellent features of Ascend Banking. After carefully analyzing the software, we are confident that our business needs which have expanded over the years will be better met by it. We also believe that we shall get much better support from a company that has been providing automation solutions to this sector for over a decade,” said Mr. Tapan Kumar Karmaker, Director, Microfinance Program of RDRS.

“We are very happy that after some very careful reviews and assessments, Ascend Banking was chosen by RDRS, a highly respected MFI and development organization in Bangladesh. With seamless consolidation of branch data at the head office and various options for insightful reports, we expect RDRS to improve its operational efficiency, controls, and product offerings very significantly within a few months,” said Southtech’s MD & CEO, Mr. Syed Mamnun Quader.

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