Infosys Finacle, along with its clients, were felicitated with two awards for banking technology excellence at the Middle East & Africa edition of the Asian Banker awards for 2017. The awards for Finacle’s class leading core banking solution stand testimony Infosys Finacle’s new age digital banking solutions and implementation excellence that powers digital transformation strategy of banks across 94 countries.
United Bank for Africa and Infosys Finacle win Best Core Banking Implementation Award, Africa
United Bank for Africa, one of the largest banks in Africa, migrated to the latest version of Finacle solutions across its operations in 19 countries. The multi-country transformation, covering the implementation of the latest versions of Finacle core banking, online banking and treasury systems in three languages (English, French and Portuguese), was completed in a record span of 25 months. The project automated processes and integrated customer information that significantly lowered the transaction processing time by over 30% and the account opening time to two minutes, thereby, helping the bank become more customer centric and agile.
Emirates Islamic Bank and Infosys Finacle win Best Core Banking Implementation Award, Middle East
Emirates Islamic Bank successfully completed the implementation of Finacle Islamic banking solution integrating over 30 systems and various business processes for improved customer experience. The collaboration strengthened customer service and the risk management capability of the bank. The project seamlessly enabled higher efficiency in processing, quicker time to market and faster account opening. The new solution has improved efficiency in processing of payments by 80% with minimal manual intervention. The migration was successfully completed within 23 months using a big bang approach