Southtech Implements Full-blown Mobile Banking in Bhutan

Thimphu - 10 January 2011

Southtech has today completed its implementation of a full blown-mobile banking system for BDFCL, one of the largest scheduled banks having 29 branches throughout Bhutan. Using a simple cell phone customers of the bank can now securely obtain their latest account balances, instruct the bank to transfer funds, pay utility bills such as water, electricity and city corporation bills, top-up their mobile cells, and make other payments such as insurance premiums, school fees, order for a new cheque book, etc. BDFCL is also introducing Internet Banking by the end of this month through which a much wider range of services shall be available. Field officers of BDFCL carry PDAs through which they can carry out transactions with clients at their doorsteps. Four remote branches which are not connected to the Head Office through VPN for infrastructure problems can however take full advantage of cell-based banking thus alleviating the hardship of clients in this mountainous country.

BDFCL also acquired Ascend Banking’s Treasury Management Module to allow its Treasury Department to manage its liquidity and funding more efficiently. Mobile Banking Module, Internet Banking Module, Remittance Module, and Treasury Management Module were installed as additional modules when the bank decided to upgrade Southtech Ascend Banking from Version 3.3 to Version 5.4 upon becoming a full-fledged bank last year.

Southtech Ascend Banking is an award winning solution suitable for large MFIs, MFBs, NBFIs, and retail banks. Many of modules can be run independently and can be interfaced with other world-renowned banking solutions.

Southtech Limited is a CMMI Level 3 assessed software house and a Gold Certified Partner of Microsoft and a Gold Partner of Oracle.
BDFCL was incorporated by the Royal Charter, in January 1988 and now functions as a domestic bank. BDFCL is the only bank that gives focus to the rural farmers and provides nationwide seasonal, small and medium-term loans to the country’s small farmers. More recently, it also commenced providing term finance and working capital for industrial and agro-based ventures.

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