Awash International Bank, Ethiopia has signed a 3.5 million US dollar agreement with British Misys International Banking Systems to upgrade the centralized, real time, online, electronic CORE banking system.
The bank floated a bid for the IT upgrade last August attracting a range of international companies including, Swiss Temenos Group, US Oracle Flext, Indian Infosys and Misys. Awash bank, which had previously had dealings with Misys when it installed its current system, decided to stick with the UK-based company.
The upgrade is expected to allow AIB to provide services to its 500,000 customers in finance, credit, human resources packages and Islamic banking. The technological upgrades also include anti-money laundering software.Add a comment Add a comment