Infosys Finacle offerings were recognized at Juniper Future Digital Awards 2018. Infosys Finacle blockchain offerings Finacle Payments Connect were recognized as a winner in the ‘Best Blockchain Deployment in Banking & Payments’ category and Finacle Trade Connect was highly commended in the ‘Best Blockchain Platform’ category. Every year Juniper Research identifies organizations that have made outstanding contributions to their industry, and who are positioned to make a significant impact in the future. The awards are decided by a panel of expert judges based on a number of criteria, including: Product features and user benefits; Innovation; Commercial partnerships; Commercial launches; Certification and compliance; Potential future business development.
“This award is a testimony to our pursuit to automate inter-organization payments processes with blockchain. Finacle Payments Connect is a blockchain-based solution that enables real-time payments processing on a permissioned network. It helps banks automate payments business within their corresponding banking relationships to drive operations excellence and superior customer experience. For instance, in an award-winning pilot, two leading banks reduced their international remittance time to 36 seconds by putting their remittance transactions on the Finacle Payment Connect blockchain network. Recognition of our pioneering work towards re-imagining business with blockchain based solutions is deeply encouraging.”
– Rajashekara V. Maiya, Vice President, Global Head of Business Consulting & Product Strategy, Infosys Finacle
Al Ahli Bank of Kuwait and Infosys Finacle won the “Best Core Banking Project Initiative” at the Asian Banker Awards 2018 for the Middle East Region. The Asian Banker Financial Technology Innovation Awards programme provides a respectable benchmark of the technology innovation in an increasingly fierce marketplace. The awards program is viewed as one of the prestigious, comprehensive and transparent recognition programme in the Middle East region.
Over the last half century Al Ahli Bank of Kuwait has grown to become one of the most respected and innovative Banks in the region. With a clear regional vision of strong leadership, simpler banking, and unrelenting focus on continual renewal and investment in its customer service, technology and products, Al Ahli Bank of Kuwait has set new benchmarks for banking in the Middle East and is well positioned to continue this path in the future. With this vision the bank has partnered with Infosys to completely modernize their current processes and transform the existing banks IT landscape.
Infosys Finacle’s core banking transformation on the cloud for United Bank for Africa has been recognized as a winner at the Asian Banker Awards 2018 for West Africa. The Asian Banker West Africa Country Awards Programme, is refereed by prominent global bankers and is the most prestigious awards program in West Africa. For its operations in New York, United Bank for Africa upgraded its technology platform onto Finacle core and treasury solutions on the cloud. This helped decrease the total cost of ownership and reduced the overall time for implementation.
Infosys Finacle was awarded the title ‘Best Digital Banking Technology’ at the CPI Financials Banker Middle East Awards 2018.
Based on the ongoing digital transformation projects with Emirates NBD, Al Ahli Bank Kuwait (ABK), RAK Bank, Bank Dhofar among others in the region, Finacle was recognized as a promising technology provider and was adjudged a winner in the category.
At the Banker East Africa Awards 2018 in Nairobi, Kenya, Finacle went on to bag the title as ‘The Most Innovative Technology Provider.’
Infosys Finacle was adjudged winner for this category based on the work in blockchain, AI, and various initiatives with regional banks where we have implemented some of our more recent solutions like the Mobile Teller, OCH and Direct Banking.