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Port Moresby
May 8, 2021
Business News

Nasfund’s New Save-Loan-Smart Online Banking System

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NASFUND Contributors Savings and Loans Society Limited went online today with a new and improved banking system called ‘SaveLoanSmart’.

The introduction of the savings and loan management system is a milestone for the NCSL, as it is another step closer to achieving its vision to become a one-stop-shop bank for its customers.

The SaveLoanSmart is an improvement from the old Savings and Loans operating system otherwise known as the SALS.

According to NCSL General Manager, Vari Lahui, the operating system is widely used in the Pacific and has been tailored to suit PNGs environment.

The operating system, he said, gives both members and employers access to the NCSL loan management database allowing real time interaction between members and NCSL.

This simply means that processing of loan applications lodged by members of NCSL can be done faster.

As of today, existing members can now register online to view their account balances, loan eligibility and even apply for loans.

Lahui adds, the fee structure for transactions remains unchanged.

Save Loan Smart has been customised to fit multiple device screens from desktops to smart phones and tablets.

The system is built on the latest Microsoft MVC platforms called dotNet CORE, and the database is served by the latest Microsoft SQL server engine, giving it an edge over the old system in terms of speed.

Save loan Smart was developed by Cloud App Laboratories, a joint venture company between NCSL and Fiji based Software development company, Software Factory Limited.

As part of the signed agreement, recruitment included two newly graduated computer scientists from the University of PNG, and University of Technology, who underwent six months of intense training in Fiji to support the new banking system.

Cloud Apps Laboratories is PNG-based and is now available to build software solutions for savings and loan societies, superannuation funds, landowner companies, medical establishments, schools etc.

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