South African bank chooses software for Africa.

Position:Standard Bank of South Africa
 
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FOR ITS NETWORK of banking operations in ten African countries, Standard Bank of South Africa (SBSA) has signed a contract for the installation of software with ACT Kindle of Ireland.

The deal, with an initial value in excess of some $3m, will see ACT Kindle's software products installed in over 30 of the bank's branches, in Botswana, Ghana, Kenya, Madagascar, Nigeria, Swaziland, Uganda, Zaire, Zambia and Zimbabwe.

The branches are to be equipped with a communication link, on-line and in real-time, into the respective head offices in each country.

ACT Kindle's Bank-master, Transaction Processing Gateway (TPG) and Branchpower software products are to provide SBSA's subsidiaries, Stanbic and Union Bank, with automated systems to handle their corporate and commercial banking activities.

Each country

The open-systems design of the product set will, according to ACT Kindle, enable the bank to choose the most appropriate hardware and communications platform for each country.

The integrated software is to see Branch-power installed throughout each bank's countrywide branch network and head-office banking hall, offering comprehensive teller support functionality. Bankmaster is to provide a centralised accounting system for...

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