Global Technology Banking, part of JSE-listed Global Technology Limited, during August signed deals with the Bank of Zambia and the Zambia National Building Society to implement GLOBUS, the world-leading banking system, during September. The Zambian deals combined are worth US$1,2 million, excluding implementation fees. These deals firmly entrench Global Technology`s leadership position in southern Africa.
Clement Mugala, Managing Director of the Zambia National Building Society, comments, "Through GLOBUS, Global Technology Banking has provided the Zambia National Building Society with an integrated systems environment in which we can strengthen our focus on improving service to our customers. In addition, this very secure system allows us to feel completely confident that our confidential data is well-protected."
Similarly, GLOBUS was ideally suited for the Bank of Zambia`s requirements, as it is a very strategic central bank with high technical requirements.
As such, it requires a secure system with exceptional risk management capabilities, suited to the high demands of micro and macro environmental issues.
A further advantage for the two African institutions is that, through Global Technology Central Africa in Zimbabwe, quality local support is easily accessible and affordable to them. Global Technology combines international expertise with a great deal of experience in working in developing nations. Its implementation teams are used to dealing with the issues that arise in the African banking environment.
Ken Theron, CEO of Global Technology Banking, concludes, "For both of these banks, the implementations will result in a higher degree of reliability and access to data, as GLOBUS is a highly sophisticated product that offers a complete solution."
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GLOBUS
GLOBUS is a fully integrated system that encompasses the many different elements within a banking organisation, and automates functions based on a straight-through workflow methodology. It enables banks and other financial institutions to automate their banking activities, such as wholesale, retail, treasury and private banking, as well as back-office functions, as they move to the Web. GLOBUS is distributed across Africa by Global Technology and in Australia by Global Technology`s Australian arm, Solace Limited.
Global Technology
Global Technology is the leading supplier of software solutions to the banking, insurance and financial services sectors in Africa and Australia.