The Asian Banker announced the winners of the Financial Technology Innovation Awards 2020. Infosys Finacle and clients bagged six recognitions at the awards program, the highest for a single vendor in this year’s awards program.
Best Core Banking Technology Implementation in the Middle East: Emirates NBD and Infosys Finacle: Emirates NBD partnered with Infosys Finacle to unify its technology infrastructure across 6 countries to benefit from componentized deployment, minimal customization and an agile technology stack
Best Mobile Banking Implementation in Africa: Banque Misr and Infosys Finacle: Banque Misr partnered with Infosys Finacle to drive the next phase of growth while providing a seamless experience for Retail and Corporate customers.
Best Branch Transformation in Africa – Standard Bank and Infosys Finacle: Standard Bank partnered with Infosys Finacle to transform the branch banking experience across its Rest of Africa operations. The project resulted in 37% capacity improvement, significant cost reduction due to automation and 40% improvement in transaction turnaround time.
Best Core Banking Transformation in Africa – Equity Bank and Infosys Finacle: Equity Bank partnered with Infosys Finacle to unify its technology infrastructure and establish a centralized technology stack that powers both its existing business as well as its recent acquisitions
Best Lending Transformation in Africa – Standard Bank and Infosys Finacle: Standard Bank partnered with Infosys Finacle to tap into the unsecured lending opportunity in the rest of Africa region by building an end-to-end Digital-first lending platform
Best Core Banking Technology Implementation APAC – Paytm Payments Bank and Infosys Finacle: Paytm partnered with Infosys Finacle to build Paytm Payments Bank, India’s most profitable digital-only bank. The transformation helped the bank expand its offerings and launch new applications for its customers, while also consistently driving about 30% of India’s open banking transactions through Unified Payments Interface.
The Asian Banker Financial Technology Innovation Awards Programme is regarded as one of the undisputed benchmarks of the technology innovation in the region. The programme is designed to identify emerging best practices in technology implementations and innovations as well as to identify implementation goals and challenges from which other financial institutions and technology companies can learn.