Rubikon goes live at TN Bank
INFORMATION - Press Release
London UK, 16 April, 2009
Neptune Software announced the successful implementation of its Rubikon Banking system at TN Bank in Zimbabwe. TN Bank is now live with Rubikon for Retail Banking, Trade Finance, Treasury, Business Intelligence and e-Banking in its Head Office and Branches. This is an important milestone for Neptune as it is the first live bank-wide operation for Rubikon, implemented on-time and within-budget.

TN Bank is part of TN Financial Holding, the fastest growing financial institution in the country. The intent of TN Bank is to act as a one-stop financial institution which offers a wide range of services including retail, investment and corporate banking, trade finance, money market and securities and country-wide electronic payment solutions for a wide range of industries.

Douglas Mapuranga, IT Director, TN Bank said, “We chose Neptune and in particular Rubikon because it was superior to every other solution that we looked at. What is important to us is that Workflow management, Exception Management, Channel Management and Data Repositories are integrated into the Rubikon banking solutions providing an environment that requires minimal manual intervention. The architecture is such that there is no longer the need to take the system (or the data) away from the Users to perform the traditional end of day tasks. This has been a challenging project but with the expertise and dedication of the joint project team, the objectives were positively achieved.”

Patrick Hayward, MD, Neptune Software said, “we are delighted with the success achieved at TN Bank. Rubikon was chosen by TN Bank, as technology is key to their aspiration to become a super regional bank. Being able to deliver the integrated solutions on which TN Bank can develop and grow their business has been a major step in the evolution of Rubikon. An exercise with military precision was needed to ensure that the live operation of Rubikon was in place to ensure the timely opening of the Bank’s new branches.”

About Neptune Software plc & Rubikon (www.neptunesoftwareplc.com)
Neptune Software plc has been established for 10 years supporting the system requirements of many diverse types of banks and financial institutions. In the last 5 years Neptune has invested heavily in bringing expertise in the latest open technologies to the Company to ensure that its products continue to meet the most complex requirements of its customer base whilst ensuring that the solutions are provided in an open, user-friendly and totally secure environment. These technologies have enabled Neptune to incorporate into its Rubikon products many elements that are normally external to the core banking systems, involve many suppliers and quite often end up as a plate of spaghetti.  Workflow management, Exception Management, Channel Management, Data Repositories are integrated into the solutions providing an environment that requires minimal manual intervention. The architecture is such that there is no longer the need to take the system (or the data) away from the users to perform the traditional end of day tasks.

Neptune has partnered with over 70 banks and financial institutions worldwide. In 2008, Neptune achieved a top 5 ranking in the IBS Sales League of international banking systems vendors.

Contact

Nathalie Gaudillat
Marketing & Communication
Neptune Software Plc, London
Tel: +44 (0)20 8680 0239
E-mail: nathaliegaudillat@neptunesoftwareplc.com