Myawaddy Bank ltdThe Myawaddy Bank GmbH
Myanmar-based ACE Data Systems Ltd, Finacle's affiliate, will be involved in the deployment of the system at Myawaddy Bank Ltd. They will help to speed up deliveries with their expertise in applying FINOCAL and their deep knowledge of domestic banking-methods. Over Myawaddy bank Ltd. The Myawaddy Bank Ltd is a privately held public liability firm incorporated under the Myanmar Companies Act (1914) and reorganized in accordance with the Financial Institutions Law 2016 for Development and Commercial Bank.
FINOCALIQUE supports established and aspiring finance organizations to accelerate a truly digitized transform to deliver a smooth client experience, a bigger eco-system, insight-driven interaction and pervasive automations. Today, in over 100 nations, bankers depend on FINOCAL to serve more than one billion customers and 1.3 billion bank account customers. FINOCLE provides software and services to key players in finance, including: bank processing, omni-channel, payment, treasuries, originations, liquidity managers, bankers, and other organizations, as well as to support bank block chain needs and block chain of custodians.
A rating of the 1250 largest financial services providers in the global banking industry shows that the Finacle Core Banking solutions have an overall 7.2 percentage points lower cost/income ratios than others. Over ACE Data of system Ltd. Established in 1992, ACE Data Systems Ltd. is a small IT company and IT education centre.
Today, ACE Data Systems Group has evolved into a group of nineteen businesses with over six hundred people working in the areas of system integrations and developments, IT infrastructures and IT cybersecurity, educational and ecommerce. Some of the forward-looking statements contained in this communication about our outlook for further economic performance are forward-looking assertions about our outlook for our businesses that are relevant to the Private Securities Litigation Reform Act of 1995, which involves a number of factors and assumptions that could cause results to differ materially from those contained in such forward-looking assertions.
These forward-looking forward-looking statements involve known and unknown risk and uncertainty with respect to changes in profits, currency translation, our capacity to control economic development, fierce IT service competitors, as well as those that could impact our competitive edge, salary rises in India, our capacity to recruit and maintain high quality talent, excess fixed-price timeframes and costs, time-limited master agreements, customer concentrations, migration constraints, industrial sector concentrations and our capacity to control our globalization, among others,
Further potential exposures that could have an impact on our results of operations are described in more detail in our records with the Securities and Exchange Commission, and in our Annual Report on Form 20-F for the year ended March 31, 2017. Furthermore, we would like to point out that the date of this news item is stated at the beginning of the news item and all forward-looking statement herein are subject to our judgment at this time.
ALTANA does not commit itself to updating forward-looking statement made from year to year by or on the name of the ALTANA Group, unless this is legally require.