Kyrgyzstan © Wikipedia

Kyrgyzstan © Wikipedia

The National Bank of Kyrgyzstan is inviting bids for the implementation of a new informational-analytical system (IAS).

The submission deadline is 17 June 2016 and the bank says it has received a credit/grant from the International Development Association toward the cost of the financial sector development project. The project is conducted under the auspices of the World Bank.

The state-owned bank says the bidders must have implementation experience, as well as experience in extracting, transforming and loading data; data warehousing; business intelligence; and anti-money laundering (AML).

There are other stipulations.

These include equity of the participants must be equivalent to $5 million accordance with the audited financial statements for the last financial year; and the average annual turnover of the bidder should be equivalent to $10 million during the last three financial years.

For more information, prospective vendors can contact Jenish Mamatov, project manager, at the national bank via email:

The National Bank of Kyrgyzstan was established in 1991 on the country’s independence.

In terms of legacy systems, Banking Technology understands that the bank uses the DEPO/X (central depository) and BSC/X (automated clearing house) solutions from a long-standing specialist provider, CMA Small Systems, and also the GPS payments solution from Montran Corporation. The bank is also listed as a user of the SC-Bank NT core banking system from a Belarus-based vendor, Softclub.