Mindscape signs consulting contract with DP Iran

This includes Mindscape providing expertise and consultancy for DPI's prestigious Post Bank project, including defining system requirements and implementation of a project to bring online Post Bank's 1,100 branches across Iran.

Mindscape and DPI are additionally exploring avenues to work together in setting up a Call Center and telephone banking solution for Post Bank.

"Given Mindscape's diverse and proven expertise in IT solutions for the financial services industry, we feel this alliance has massive potential for us to collectively offer cutting edge technology to the banking sector in Iran," said Mr. M. R. Nouri, Operations Director of DPI.

"This in indeed a very strategic break through for Mindscape as it underlines our credibility as a premium banking systems integrator in the region. One of our key objectives is to help developing regions such as Iran in their quest for technological advancements at a competitive level, as enjoyed in other parts of the world," said Mohamed Fouz, CEO of Mindscape.

Under the terms of the agreement, Mindscape will provide advice on all aspects of the Post Bank project. Working with a group of bankers, Mindscape will help in setting up standard procedures and mapping these to the GLOBUS Core Banking Solution. The assignment also includes managing and rolling out complete implementation to Post Bank's 1,100 branches including training and change management.