GrapeCity Mongolia

Our services are expanding

GrapeCity Mongolia introduced the GrapeBank core banking system to the market in 2006 by implementing the system in Capitron Bank. In 2010, two more banks were added the growing list of the customers when they signed implementation project contracts in early March.

GrapeCity Mongolia successfully completed the implementation projects before the start of 4th quarter and the new customers have already incorporated their activities into new systems. Administrations of both banks, State Bank and Erel Bank, expressed their gratitude for GrapeBank core banking system and other banking solution products and services and stated that they are confident that mutually beneficial partnership with GrapeCity Mongolia will continue to grow. With addition of two banks, 8 banks have selected GrapeBank as their core banking solution and increasing the number of customer banks to 10.

Erel Bank successfully implements the core banking solution

As a result of successful completion of the implementation project which was initiated in March of this year, Erel Bank became the latest user of GrapeCity Mongolia’s banking solution. Representatives of both organizations met on August 19th at the Erel Bank’s head office for the official delivery note signing, where CEO of GrapeCity Mongolia presented the license certificates, install disks and user guides.

Upon signing the official delivery note CEO of Erel Bank Mr. D. Tumurkhuu expressed his gratitude by saying “It brings us great pleasure to see our products helping you achieve success in your business. We are confident that our partnership will only grow stronger and flourish together.” CEO of GrapeCity Mongolia Mr. A. Sukhdorj also shared his thoughts on the future of partnering organizations by saying “There are cases when core banking systems hinder the bank\'s development and progress. We believe that our solution should act as a guide leading the bank to prosperity and growth. Erel Bank is now able to introduce various new products to the market and offer more services to their customers.”

The State Bank of Mongolia successfully adopts the core banking solution

This year GrapeCity Mongolia successfully implemented the core banking solution in two new banks. The projects which were initiated in March and were successfully completed in 5 months and are currently fully operational at The State Bank of Mongolia and Erel Bank. This week GrapeCity Mongolia signed delivery notes with both banks to denote the official proof of delivery of the banking solution products.

Administrations of customer banks were very pleased with GrapeBank core banking system and other GrapeCity Mongolia products, and stated that they are looking forward to strengthening the partnership in the future. CEO of The State Bank of Mongolia Mr. Ben Turnbull said “We are very happy to have a modern system that will work for us. And we’re also very happy that it’s from a Mongolian company because it gives us good support.”

GrapeCity Mongolia’s core banking solution is a powerful bank accounting complex system, developed by latest technologies. It is expandable and can be customized by bank needs and requirements to deliver wide range of products and services to market demands.

“GrapeCity Mongolia 10th Anniversary” hiking trip is a success

Last weekend, we successfully organized the 6th annual hiking competition among its partners and customers, as part of our 10th anniversary celebration.

18 teams from 15 different organizations consisting of more than 100 hikers took part in the challenging competition, hiking nearly 20km in the beautiful mountains of Khairtkhaan all the way to valley of Ikh Bulag located in Bayantsogt soum of Tuv aimag, about 53km from Ulaanbaatar city.

Along with 2 of our teams, participants included Trade and Development Bank, Khan Bank, Golomt Bank, Capitron Bank, State Bank, Erel Bank, Mobicom Corporation, MOST PSP LLC, Incomnet LLC, BSB Service LLC, Songinokhangai LLC (My Shop Chain), Ilinx Express LLC, Monkord CSU, Achid Finance NBFI and Development Finance NBFI. Contestants took part in various contests requiring hiking skills, endurance, problem solving and teamwork.

Most notable contests were king of the race, highly entertaining 5 stage challenge and compass contest where contestants had to solve distance and direction riddles. Other important criteria of the competition were availability of hiking equipment and kits, hiking discipline and camp area cleanliness.

Sport masters and national referees from the Hiking Association of Mongolia established the panel of judges. “Khan” team from the Khan Bank, which consistently performs every year, was the overall winner taking the first place getting gold medals and keeping the Hiking Cup until next year. “Hikers” team from GrapeCity Mongolia got the second place, followed by the last year winners “TDB” team from Trade and Development Bank. One notable event that took place during this year’s hiking trip was the official hiker rank award ceremony. 10 most active and experience hikers were awarded with Hiking Association of Mongolia hiker ranks, certificates and hiking passports.

The annual hiking competition celebrating our anniversary not only strengthens the relationships and collaboration with partner and customer organizations and creates a warm environment among employees, it gives an opportunity to experience outdoors and gain natural environment education.

GrapeCity Mongolia’s project integrating card system with GrapeBank core banking system successfully completed

Trade and Development Bank and GrapeCity Mongolia successfully integrated TranzWare card system, developed by Compass Plus from Russia, GrapeBank core banking system.

Before the integration project, TranzWare card system used to maintain card transactions and account balances outside of the core banking system, which forced Trade and Development Bank to maintain two separate accounting books for cards as well as provide their card services through independent and detached channels. The integration project allowed the bank to join the two systems thus presenting new opportunities and new products for customers. For example, now cards can be issued for any product enabling online transactions for card accounts. A single point of access for all services including card services highly optimizes bank operations. In addition, card account management was made available in Virtual Banking.

The project was completed in 6 months, and TDB went live with the new and updated system from 1st of March, 2010. GrapeBank system was enhanced with following card management modules:

Card request
Credit card account
Debit card account
Batch transaction
Settlement of merchant contingent accounts

Following card system requirement, GrapeBank 3.1 is now a fully online 24x7 system.

GrapeCitizens win “Person of the Year“ awards

On 28th of December, 2008, “Mongolian Development Gateway” non-government organization successfully organized “Person of the Year 2009” awards for the 7th time. The “Person of the Year” awards, consisting of 9 nominations, are presented annually by the “Mongolian Development Gateway” along with its partners and associates to recognize the achievements and successes of the individuals in the information technology industry.

GrapeCity Mongolia’s President B. Ganbold was voted as the “Best Manager/Executive Officer in the Information Technology Industry”, the overall top nomination of the awards. In addition the Head of our Research and Development Department, A. Amarsanaa received the “Best Developer” award.

The purpose of “Person of the Year” awards is to distinguish and acknowledge the individual accomplishments and contributions to the development of information technology industry in Mongolia. The winners of the awards are voted by the public.

AchidBanker micro-financing solutions Top Choice of 2009

"My Computer" information technology magazine successfully organized "Information and Communications Technology Top Choice 2009" awards for the fourth time. The "Information and Communications Technology Top Choice" accolades are presented annually by the "My Computer" along with Information, Communications Technology and Post Authority of Mongolia, Mongolian Information Development Association MIDAS/MONITA non-government organization and Mongolian Information Technology Park to recognize excellence of professionals, promote achievements and assist consumers in selecting products and services in the information and communications industry.

The awards are split into 15 categories and 9 nominations. GrapeCity Mongolia’s “AchidBanker” system was voted as the “Best software” and received an award certificate along with commemorative statuette.

AchidBanker system is a complete management system for micro-financing institutions, handling financial operations and products such as loans and deposits. Currently, more than 10 micro-financing institutions and credit bureaus are using AchidBanker system.

GrapeCity Mongolia has been successfully participating in the “Information and Communications Technology Top Choice” awards every year. Some of the previous notable awards include our "Core banking system" winning the “Best Software” in 2006 and 2008 and Virtual Banking solution winning the “Best Banking and Financial Software” in 2007.

Treasury system successfully implemented at the Trade and Development Bank

GRATS treasury system developed by GrapeCity Mongolia LLC was successfully implemented and is currently fully operational at the Trade Development Bank.

The GRATS system aims at automation of treasury deal recording, monitoring, approval and settlement along with their accounts management processes. The system has online integration with GrapeBank core banking system and GrapeMaster general ledger system.
The system provides following benefits and advantages:

Fast and straightforward customer account management processes
Rich set of functionalities directed at mitigating operational risks
Operational profit/loss calculations recorded and reflected in the balance accounts and fiscal reports
Overall monitoring including transaction monitoring
Online inquiry and automation of treasury deal database
Overall optimization of operations of related offices

Click here to read the full interview on GRATS system by Head of Treasury and Trading Back Office Unit of Trade and Development Bank, J. Erdenechimeg

Hiking trip celebrating 9th anniversary of GrapeCity Mongolia

GrapeCity Mongolia successfully organized the 5th annual hiking competition among its partners and customers. The 2-day hiking competition organized as part of GrapeCity Mongolia's 9th anniversary was held during 16th-17th of May, 2009.

19 teams from 15 organizations took part in the challenging competition, hiking more than 20km following the Ulaanbaatar - Tureg Khaan Tonikuk statue - Ar Janchivlan hot springs resort - Ulaanbaatar route. Along with GrapeCity Mongolia, participant organizations include Trade and Development Bank, Khan Bank, Post Bank of Mongolia, Capitron Bank, Capital Bank, Golomt Bank, Mobicom Corporation, Just Group, Incomnet LLC, International Freight Forwarding Center of Mongolian Railways, Moncord credit bureau, Songinokhairkhan (My Store Chain), E-Links Express, MOST PSP LLC. Contestants took part in various contests requiring hiking skills, endurance, problem solving and teamwork. Most notable contests were king of the hill race, highly entertaining 5 stage challenge and compass contest were contestants had to solve distance and direction puzzles. Other important criteria of the competition were availability of hiking equipment and kits, hiking discipline and camp cleanliness. Sport masters and national referees from the Hiking Association of Mongolia established the panel of judges. “TDB” team from the Trade and Development Bank, which consistently performs highly every year, was the overall winner taking the first place getting gold medals and keeping the Hiking Cup until next year. “Hikers” team from GrapeCity Mongolia got the second place, followed by the bronze-medal winning “Ungulug” team of Incomnet LLC.

The annual hiking competition celebrating GrapeCity Mongolia’s anniversary not only strengthens the relationships and collaboration with partner and customer organizations and creates a warm environment among employees, it gives an opportunity to experience outdoors and gain natural environment education.

Core banking system again selected as the “Best Banking and Financial Software“ of the “ICT Top Choice 2008“

On 18th of December, 2008, "My Computer" information technology magazine successfully organized "Information and Communications Technology Top Choice 2008" awards for the third time. The "Information and Communications Technology Top Choice" accolades are presented annually by the "My Computer" along with Information, Communications Technology and Post Authority of Mongolia, Mongolian Information Development Association MIDAS/MONITA non-government organization and Mongolian Information Technology Park to recognize excellence of professionals, promote achievements and assist consumers in selecting products and services in the information and communications industry. The awards are split into 15 categories and 9 nominations. GrapeCity Mongolia’s “Core Banking System” was voted as the “Best banking and financial software” for the second time and received an award certificate along with commemorative statuette.

Furthermore, in 2008 Golomt Bank and National Investment Bank of Mongolia began using our core banking system in their operations.