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GE Capital Thailand Goes Live with Postilion From
London, 19 February 2002 - Mosaic Software today
announced that GE Capital Thailand (GECT) has gone
live with the first stage of a three-phase Postilion
solution to consolidate all of their financial
consumer transactions onto a single platform.
Postilion from Mosaic Software is providing
processing and integration between the wide range of
consumer sources available to GECT's customers and
GECT's back office systems based in Australia. This
is the first of three phases, which are due over the
next 6 months.
GE Capital Thailand was looking for a solution,
which would lead to improved efficiency by
consolidating transactions from multiple channels
through a single engine. The increase in the level
of functionality and management information provided
with Postilion will enable GECT to meet its needs.
Stream IT, a Bangkok based professional services
organisation has been selected to work with Mosaic
Software to ensure that the solution is relevant to
the local market and to ensure that GECT have a
business partner based in Bangkok who has a thorough
understanding of the Postilion product suite. This
enables future business development incorporated
into the Postilion solution to be implemented
locally and therefore very cost effectively.
"The opportunity to work on such an important
project with another division of one of our existing
customers is always rewarding. It is yet another
example of a customer choosing the Postilion
solution because of the need for speed of
implementation, low cost of ownership as well as
providing proven and scaleable technology. " Says
Willem van Biljon CEO Mosaic Software.
Mosaic Software recently opened offices in
Melbourne, Australia and Kuala Lumpur, Malaysia.
With established offices in the UK, US and South
Africa, the Asia-Pacific region represents a natural
choice for further expansion.
About Mosaic Software
Mosaic Software is a leading edge provider of
electronic funds transfer (EFT) software for
consumer-generated electronic transactions, and is
the market leader for web-enabled ATM and prepay
software solutions. The company is held by
strategic partners GE Equity and Comparex Holdings,
and Mosaic Software management. With offices in the
UK, the US, South Africa and Australia, Mosaic
Software has a strong global presence.
The company is firmly established in the financial
services industry and its EFT solutions drive
operations in a large number of multinational
companies and industry leaders around the globe.
Clients include financial institutions, retailers,
Internet service providers, card issuers, telcos,
data processing service providers and some of the
foremost players in the emerging online industry.
Mosaic Software's European clients include Retail
Decisions (ReD), Transaction Network Services, Royal
Sun Alliance, GE, and Ashburn UAB.
For further information please see Mosaic Software
About GE Capital Thailand
GE Capital (Thailand) Ltd, a wholly owned subsidiary
of US-based GE Capital Services, is a leading
financial solutions provider with a focus on
Consumer and Commercial Finance. GE Capital Thailand
is a premier auto-loan provider and a leader in
store credit cards and bank-issued credit cards.
The company employs over 2,000 people in Thailand.
GE Capital, with assets of US$425 billion, is a
global, diversified financial services company
grouped into six key operating segments comprised of
25 businesses. A wholly-owned subsidiary of General
Electric Company, GE Capital, based in Stamford,
Connecticut, provides a variety of consumer
services, such as credit cards and life and auto
insurance; mid-market financing; specialized
financing; specialty insurance; equipment
management, and specialized services, to businesses
and individuals in 45 countries around the world.
GE is a diversified services, technology and
manufacturing company with operations worldwide.
About Stream I.T. Consulting Ltd.
Stream I.T. Consulting Ltd. (Stream) is a leading IT
Consulting company to major corporations in
Thailand. Stream has in-depth industry focus in the
Banking & Financial services, Telecom and Public
sectors. Stream's consulting practices include
Business Process Management, E Business, Customer
Relationship Management (CRM) and Systems
As a Thailand reseller for Mosaic, Stream brings its
in-depth expertise in electronic funds transfer
(EFT) enabling organizations to process EFT
transactions via various channels such as POS
terminals, automated teller machines (ATM's), IVR,
call center and the internet. Stream also brings its
IT implementation expertise in the integration of
various front and back end systems to deliver a
complete solution to its clients. For the Thai
market, Stream will focus the Mosaic solution for
the financial services and the telecom sectors.
For more information, please visit Stream's Web site