Summary Type of Financial Institution: Start-up retail, corporate and wholesale bank Headquarters:Maputo,Mozambique Branches: Eight Assets: Circa. $10 million
Project scope: Front-to-back office banking operations for the following business lines: agricultural/rural, retail, corporate, wholesale System/vendor replaced: n/a System/vendor installed: T24 from Temenos
Current functionality: Accounts, collateral, data capture, delivery, funds transfer, FX, interest and charges, image capture, loans and deposits (retail and corporate), limits,MM, multi-company, payment due processing, position management, process workflow, reporting (client and portfolio reports etc), standard tables, front-end
Interfaces: Accounting/regulatory reporting system, ATMnetwork, central bank's software
Selection team: Bank, shareholders Selection time: Around seven months Installation team: Bank, vendor, integrator Installation time: Around eight months Level of satisfaction: Average (towards above average)