Southtech Ascend Financials wins award in BASIS National ICT Awards 2019

The grand ceremony of BASIS National ICT Awards 2019 powered by IPDC Finance took place at the Grand Ball Room, Radisson Blue Water Garden Hotel this Saturday, 12th of October. This year 1,175 projects contested for the BASIS National ICT Awards 2019 in thirty-five categories. Among all the 1,175 projects, a total of 105 projects received the BASIS National ICT Awards 2019.

Southtech, one of the leading software companies in Bangladesh, received the 2nd runner-up award in the BASIS National ICT Awards 2019, under Business Services (HC-BS)- Finance & Accounting Solutions (Fintech) category for their advanced microfinance solution Ascend Financials.


The project team members of Southtech Ascend Financials received the award from Zunaid Ahmed Palak, State Minister for ICT Division

Minister for Information Dr. Hasan Mahmud was present as the Chief Guest at the Award ceremony. Along with him Farhad Hossain, State Minister for Public Administration; Sharif Ahmed, State Minister for Social Welfare; Zunaid Ahmed Palak, State Minister for ICT Division also appeared as special guests.

Southtech Ascend Financials is a financial software suite that caters to microfinance banks and institutions. It is suited for the most advanced financial managers. It has a unique solution architecture and new digital service delivery channels. A mobile app, agent banking, internet banking, including the ATM interface allows microfinance organizations to reach out to all segments of society in a highly cost-effective manner.


Since 2017, Bangladesh Association of Software and Information Services (BASIS) has been organizing National ICT Awards as an annual program of BASIS. The objective of the BASIS National ICT Awards is to provide recognition to outstanding accomplishments of individuals, students, entrepreneurs, SMEs, and organization.


Syed Mamnun Quader- Group Managing Director and Chief Executive Officer of Southtech

Expressing the joy of this achievement, the Group Managing Director and Chief Executive Officer of Southtech, Mr. Syed Mamnun Quader said- “Southtech Ascend Financials was our first step towards automation. It is really wonderful to receive this award from BASIS.”

Southtech’s vision is to be the first choice and best performer in their fields of activity to their clients.

News Hour Correspondent

This article has been posted by a News Hour Correspondent. For queries, please contact through [email protected]
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