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Glotec goes live with loan application at top building society Down Under

Johannesburg, 25 Mar 2003

JSE Securities Exchange-listed Global Technology has achieved another landmark in Australia, with the announcement that its CAEMS Loan Application Manager solution has gone live at Pioneer Permanent Building Society Limited.

The software was developed locally by Global Technology, and was implemented and is being supported by both Global Technology SA and Global Technology Australasia (GTA). GTA is Australia`s leading supplier of next-generation software and solutions to the banking and finance industry.

Pioneer Permanent has begun live processing of its full range of residential loans using CAEMS in its Mackay head office.

"This is an important delivery milestone for GTA," says Global Technology CEO Ray Leonard. "It endorses the capabilities of CAEMS for the Australian market, and it demonstrates the service delivery competencies of the GTA team.

Established over 30 years ago, Pioneer Permanent is one of Queensland`s fastest growing financial institutions, with a network of branches and agencies throughout Queensland and assets of over $400 million. Pioneer prides itself on delivering a high level of quality, personalised regional banking services, offering a comprehensive range of banking services including savings, loans, insurance and business and rural services.

Other GTA Australian and New Zealand clients include Rabobank Australia/NZ, RAMS, Suncorp Metway, ANZ, CGU, GE Capital, Queensland Rail, TNT, Australian Customs, CUSCAL, Cashcard, Shell Australia, Colonial Bank, Mainland Products and TransComm Credit Union. GTA`s Pacific clients include Rural Development Bank (PNG), Bank South Pacific (PNG Banking Corporation) and Baiduri Bank BERHAD in Brunei.

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Editorial contacts

Susan Holt
Global Technology
(011) 319 9800
sholt@glotec.co.za