23

Jun 2012

Cavmont Bank Partners with ITS for Internet Banking Facilities

Cavmont Bank, a commercial bank in Zambia with 16 branches took a giant leap forward after unveiling its very first online banking solution for its 28,000 customers. Leading solution provider for both Islamic and conventional banks, ITS (International Turnkey Systems) Group, made this possible by implementing ETHIX Net, which provides fast and effective Internet banking services, allowing customers to conduct their banking wherever they are in the world.

​“This is a step forward in the right direction for us. We are pleased to partner with ITS and believe the solution will be a great advantage to our customers. It will provide us with greater opportunities in the competition for attracting more individual and corporate clients,” said Johan Minnaar, Managing Director of Cavmont Bank.

Thanks to the implementation, the e-Cavmont Electronic Banking delivers real-time dataon account enquiries and transactions, as well as straight-through processingon local bank transfers. It will allow corporate and individual customers toconduct all their transactions in a safe and secure online platform, savingtime and money. Customers can now log onto their individual or corporateaccounts at any hour of the day and check their balance, request a bankstatement, effect transfers and settle payments, making it easier and efficientfor them.

“The agreement is a step towards greater presence in Africa, one of the world’smost promising regions for ITS, which is expected to experience greatdevelopment and growth in the upcoming years,” said Khalid Faraj Al-Saeid, ITSManaging Director and General Manager.

“The ETHIX Net solution has many benefits including streamlining a workingenvironment and allowing for better customer service to take place. Thispositions the bank to achieve its expansion goals,” he added.

In addition to supplying Cavmont Bank with an IT solution, ITS will alsoprovide training to the bank’s staff, so they can get the most out of ETHIX Netsolutions. They will also assist with any future web-based solutions, particularlywith the expansion and cooperation with neighbouring Southern AfricanDevelopment Community (SADC) countries.

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