Efatha Bank in Tanzania has gone live on the Rubikon Banking System! The bank chose Rubikon in June 2009, following a rigorous selection process. One of the bank's key objectives was to complete the project in 2 months in order to start taking advantage of the benefits of Rubikon. Neptune's project team led by Priscillah Kivihya arrived onsite on the 13th of July and working intensively with a committed team from the bank's side, they completed the project on the 17th of August, a record 5 weeks and 3 weeks earlier than the bank had hoped for. Efatha Bank's operations in Dar es Salaam are off to a great start and with confidence bolstered, the bank intends to expedite the extension of its branch network across the entire country.

Mr Gothalm Mbele, Managing Director of the bank quoted “Efatha Bank’s relationship with Neptune Software plc as a group started early 2009 when Efatha Bank was evaluating various core banking systems for its establishment and later found that Rubikon Banking System was the best of the elite and contemporary banking systems and was an excellent fit for the envisaged Efatha Bank operations. The bank went live with the Rubikon system on 17th August, 2009 with very high joy and excitement given the good and timely implementation program experienced.” He is optimistic that the implementation of the Rubikon Banking System will lead to the following benefits for Efatha Bank, Tanzania, among others:

::Branch Expansion; the bank is planning to open more branches in each of the next years until the branch network covers the whole country and Rubikon will provide a solid foundation for the expansion with branches networked on a single back office system.

::New Products; as the bank grows there will be a need for new products geared towards meeting customers' changing needs; we wish the delivery of all new products to be as automated as possible and for this, a robust and tested system is required.

::The new system will lead to better customer service as it provides capabilities to hook on additional delivery channels at the bank’s convenient time.

::Neptune Software Plc provides profound support services. This gives highest assurance on the system efficiency and hence customer service quality consistency is highly predictable.

::The bottom line “better performance”.

About Rubikon
Rubikon is a next generation banking solution that offers a comprehensive range of functionality. Features include integrated workflow/event management, case management, document management, rules engine, multiple delivery channels, regulatory compliance, business intelligence and data warehousing. Rubikon is a 100% Java solution, based on J2EE technology and built on a Service-Oriented Architecture (SOA). It supports both grid and cloud computing on the Oracle 10g platform, offering a basketful of cost and operational benefits to users. It is also the first system that truly eliminates the need for an “end of day” processing.

About Neptune Software plc
Neptune Software provides banking solutions to financial institutions in an efficient, cost effective, and timely manner. Neptune has partnered with more than 70 banks and financial institutions worldwide. Many of Neptune’s customers have achieved award-winning efficiency thanks to its universal banking products. In 2008, Neptune achieved a top 5 ranking in the IBS Sales League of international banking systems vendors.