30 May 2007

BSP in Papua New Guinea upgrades for better service

9:19 am on 30 May 2007

Bank South Pacific in Papua New Guinea is embarking on a programme to adopt the latest in banking technology.

It will involve the installation of an upgraded system at a cost of 6 million US dollars.

The BSP managing director, Garth McIlwain, says there will also be a front office branch teller upgrade and a streamlined back office processing network.

He says this will simplify and standardise operations, significantly improve data reporting systems, and provide a comprehensive electronic system.

Mr McIlwain told the National newspaper the BSP also plans to install 50 new automated teller machines and build another two branches.