NMB Bank goes live on Temenos T24™ Model Bank

Nairobi - 23 October 2012

SOFGEN successfully completes multifaceted project on time and to budget

SOFGEN Holdings Limited (SOFGEN), an international provider of IT solutions for banks, is pleased to announce the successful conversion of NMB Bank's core banking system to TEMENOS T24™ model bank. NMB Bank is a fast growing commercial bank offering a wide range of products and services to the Retail and Corporate sectors of the banking market in Zimbabwe.
The project was multifaceted, comprising an upgrade from version G12 of GLOBUS™ to R10 of T24™, incorporating Browser and the migration from multi-company accounting to multi-book.

"We needed to update our core banking system to support future growth and diversification," commented Benson Ndachena, CFO of NMB Bank. "The SOFGEN and NMB Bank teams worked together tirelessly to ensure that the project was successfully delivered. This has paid dividends as evidenced by the smooth transition which occurred on the 1st August 2011."

"NMB cannot thank SOFGEN enough for the support they provided during the implementation," Benson added.

"We are pleased to complete this complex project with NMB Bank. Our teams worked together with great efficiency, and the commitment to the project demonstrated by NMB Bank management was exemplary," said Tunde Oladele, CEO of SOFGEN Africa. "We also received tremendous support from Temenos, which was invaluable. This is yet another project where teamwork between Temenos and SOFGEN has resulted in mutual success."

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