Phnom Penh (FN), Sept. 5 - Prince Bank invested over $10 million in addition to the existing banking systems in order to achieve her vision “First Choice of Financial Institution for Cambodians”.

Prince Bank signed contracts with other five top-notch companies, including BPC Banking Technologies, Techurate, Deam Computer International Pte Ltd., IDEALINK Consulting Ltd., and iFinancial System Services Co., Ltd., among the other 18 companies from Asia and Europe on 2 September 2018 at Hotel Sofitel Phnom Penh.

“The contract signing will provide a new banking experience with advanced technology that will provide convenient financial services to our customers, particularly contribute to the modernization of financial services in this new generation,” said Hang Sorachana, Chief Executive Officer of the Prince Bank.

The 5 banking technology partners who had award the contract with Prince Bank will provide services as follows:

• BPC Banking Technologies will provide Card Management System & SWITCH, Fraud Management System, and other relevant services.

• Techurate will provide Digital Banking, Data Analytics and provide professional services of additional services of Core Banking System (Flexcube).

• Deam Computer international Pte Ltd., a local partner of Oracle which will be providing a data and data management system and Core Banking (Flexcube).

• IDEALINK Consulting Ltd., a local partner of TESS International and DOW JONES which will be proving AML/CFT management system with internationally accepted data feeds of watchlisted individuals, entities, and alike.

• iFinancial System Services Co., Ltd. will provide terminal machine (Cash Recycling machine).

Prince Bank started to operate in 2015 as a private financial institution, "Printed Finance Plc.", and has developed into a commercial bank with license B46 issued by the National Bank of Cambodia on 18 July 2018.

In response to her operational growth, the Bank changed the operating system to Flexcube system in early July, which is capable of providing standard banking products and services to customers. With advanced technology, Prince Bank is also expanding her branches in the capital and to provinces.
=FRESH NEWS