By October 1 Kapitalbank is passing to software by I-flex of India,Trendreports quoting Rauf Rzayev, chairman of board. Originally, the system will be launched in head office and in one or two branch offices, other offices will be connected as soon as possible.
Hardware and OS already installed to date. First stage covers installation of Oracle database, then experts shall come to implement special software, chairman said. Further, trainings on modules, accounting and testing will be performed.
В"City Bank was passing to this software 4 years, although our banks are incomparable. Alongside, we have an advantage as we utilize the way IBAR passedВ", - Rzayev said.
Price of contract with I-flex is $1.35mln, including purchase of central core and 12 modules. The tender was conducted within the limits of WB credit Financial sector technical assistance" (FSTA), from which 800k SDR ($1.2mln) have been allotted for Kapitalbank equipping.