Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - NBC's new core system

NBC's new core system

THE central bank has said it will introduce a new core banking system this month. Speaking at a conference on banking technology last week, National Bank of Cambodia (NBC) Director General Tal Nay Im said the bank was close to finishing upgrading its core system. This follows an announcement in June from California-based software giant Oracle that it had sold its Flexcube Core banking package to the NBC and microfinance organisation Prasac. The system allows banks to automate processes, including deposits, lending, foreign exchange, securities, fund transfers and asset management. Sim Senacheert, general manager of MFI Prasac, said Sunday his MFI put the US$1 million software into operation early last month.

0

Comments

Please, login or register to post a comment

Latest Video

Phnom Penh eats: Ptas Nak Battambang

As the name suggests, Ptsa Nak Battambang – which in English means Battambang's house – is the right place for those who want to try some of the province's typical dishes in Phnom Penh.

Q&A with Pung Chhiv Kek, Cambodia’s first female doctor and founder of rights group Licadho

Last year, Pung Chhiv Kek was awarded the Legion d’Honneur, France’s highest decoration, for services to peace-building and human rights.