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Bank's ambitious plans to be achieved within the proposed timescale. Initial workshop sessions began in Q3 2018, with a fully functioning system being delivered in December 2018. During the 20-week project period, a new payment interface file was delivered to allow Standard Bank to process transactions on its reconciliation system, as well as UI enhancements to improve the everyday use of WFS for both Standard Bank users and dealers. The introduction of WFS allowed Standard Bank to onboard organizations, giving their clients more flexibility in how their available credit is utilized with the different asset types available to them. It also allowed relevant organizations to bulk their transactions, view money movements, and download reports to give a clear indication of both their stock and financial positions. Since the initial go-live date, Apak has continued to automate additional day-to-day operational processes. WFS allows an XML feed to bulk upload loans, as well as to perform a number of the business processes through the loan's lifecycle, such as plan transfer, rescind and settlement. Furthermore, we've implemented a large integration piece with the bank's in-house payment system, BOL, to allow credit transfers to be validated and transactional statuses updated without manual interaction. A cloud-based asset valuation service is also provided, in which WFS uses an API call to retrieve the asset details and value. There has also been development provided with a third-party asset audit provider and its reconciliation system to track all outstanding transactions. Standard Bank's success on the Apak Group platform is just the start. Following on from a successful deployment across South Africa, the bank presented the systems capabilities to senior figures across the bank's 20 sub-Saharan African countries in 2019, which prompted further investment into Apak and WFS, and expansion of the service offering with rollout to additional African countries scheduled throughout 2020. TIMELINE July 2018 September 2018 April 2019 December 2018 November 2018 August 2018 Apak Group and Standard Bank delivery teams begin workshopping Development on Standard Bank Group instance completed and ready for user testing Go-live system available for onboarding new business WFS integrated into back office financial systems and asset valuation system Comprehensive analysis and documented requirements completed Development on system instance started Sopra Banking Software is the partner of choice for more than 1,500 financial institutions worldwide. The rich variety of our solutions, the strength of our conviction and our passion for innovation enable us to support our clients on a daily basis and in their future projects, as well as in their goals regarding financial inclusion. Our customers, based in over 80 countries around the world, benefit every day from our technologies and software, as well as the expertise of our 5,000 employees. Sopra Banking Software is a subsidiary of the Sopra Steria Group, a European leader in consulting, digital services and software development. With more than 46,000 employees, the Sopra Steria Group generated a turnover of €4.43 billion in 2019. For more information, follow us on LinkedIn, Twitter & Instagram or visit www.soprabanking.com