Cybernet to develop software for State Registry of Collateral over Movable Property
Date
3/28/2018 8:22:15 AM
(MENAFN- AzerNews) By Rashid Shirinov
Cybernet, the leading IT solutions provider in Azerbaijan, will develop software for the State Registry of Collateral over Movable Property, the company informed on March 28.
The companywon the relevanttender announced by Azerbaijan's financial market Supervisory Authority.
Creation of the State Registry of Collateral over Movable Property in Azerbaijan will help develop small and medium-sized businesses,facilitating their accessto financial resources.
TheRegistry will create the database of the encumbrance of movable property that do not havethe state registration,provide free access of lending institutions to this information andrepeated usage of the property,limit the rights on its usage and expand the selection of collateral.The Registry will also allow legal entities and individuals to register their movable property and subsequently use it aspledgein obtaining a loan, which will simplify their access to finance.
Within the project, representatives of Financial Market Supervisory Authority of Azerbaijanand Cybernet got acquainted with the best internationalpracticein this area through experience sharing programs.
Cybernet company started its activity in 2004. Having extensive experience in the creation of e-services and application solutions for e-Government, it offers IT services and solutions in Azerbaijan and Central Asian countries.
The company's main missionisto provide both private and state organizations with up-to-date information technologies, improve the business processes of financial organizations, as well as local and international companies with IT solutions.
Last year,Cybernetsuccessfully developed an integrated information system for Kazakhstan's Ministry of Health.
MENAFN2803201801950000ID1096667849
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.