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Payments General

Bank of Mongolia picks Intellect's Central Banking Solution

Monday 24 June 2019 | 02:18 PM CET

Intellect Design Arena has been chosen to drive Bank of Mongolia’s digital transformation.

In partnership with IT Zone, India-based Intellect’s Quantum Central Banking Solution will be implemented at Mongolia’s central bank in order to accelerate its digital agenda.

The solution will support Bank of Mongolia’s initiatives under the Payment System Modernisation project funded by Asian Development Bank (ADB.)

The solution’s integrated functional modules include enterprise general ledger, banking services, government services, monetary policies, credits and collateral management, currency life cycle management and many more.

IT Zone contributes a modern human resources management system (HRMS) solution.

More: Link
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