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Infosys Finacle Wins Five International Banking Excellence Awards in Partnership with its Clients

Infosys Finacle in partnership with its clients was recognized with five awards for banking excellence by The Asian Banker. With two awards each for core banking and channel solutions implementation and one award for its treasury management implementation, this recognition is further testimony to Finacle’s breadth of capabilities and proven expertise in helping 183 banks across 84 countries transform and grow.

Award Highlights:

  • Best Core Banking Implementation Project in Africa for 2014 along with Equity Bank, Kenya
    • Nine million Equity Bank customers can transact seamlessly across five countries as a result of Finacle’s successful multi-country upgrade from version 7 to version 10. Completed in 12 months, this upgrade helps the bank roll out offerings faster, explore new lines of business and deliver a superior banking experience to its customers
  • Best Core Banking Implementation Award in the Middle East for 2014 along with RAK Bank and Oracle
    • The inherent flexibility of the Finacle core banking solution allowed for it to be easily integrated with RAK Bank’s Islamic Banking solution running on a different system. This delivered a single view of customer data drawn from two different systems to the bank, minimizing risks and errors of manual interventions and enhancing employee productivity
  • Best Self-Service Banking Project in the Middle East for 2014 along with Al-Hilal Bank
    • Finacle’s Corporate e-banking solution enabled Al-Hilal Bank to provide the full range of real-time, e-banking services to its customers seamlessly without compromising security and no downtime
  • Best Self-Service Banking Project in Africa for 2014 along with NMB Bank
    • A successful upgrade to Finacle e-banking solution version 11 allowed NMB Bank to provide best-in-class internet banking experience with real-time, intuitive features. This has helped the bank increase revenues and response time while reducing transaction costs and operational overheads
  • Best Treasury Management Project in the Middle East for 2014 along with Emirates NBD
    • Finacle Liquidity Management solution provides Emirates NBD’s corporate customers a unified view of their cash flows and fund positions in all their accounts across its five legal bank entities. The bank’s corporate customers can now effectively manage their liquidity, account services and short term and long term investments on a single platform
 

Haragopal M, Senior Vice President and Global Head – Finacle, Infosys“We are committed to delivering higher value by partnering with our clients. As revealed by a recent independent survey, 90 percent of the banks using Finacle commend it for improving customer experience, reducing transaction cost and accelerating innovative services while generating new revenue streams for agile growth. The Asian Banker Awards is a testimony of our collaborative approach and innovative solutions to transform the future of banking.”

The Asian Banker awards recognize the efforts of banks and technology providers in bringing superior banking products and services to their customers. Winners are selected by a panel of advisors, industry leaders, practitioners, and academics, based on in-depth submissions that exhibit new concepts, new technologies, and creative thinking. The awards program is designed to identify emerging best practices as well as to identify implementation goals and challenges from which other banks and vendors can learn.