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Asia Green Development Bank in Myanmar Selects Infosys Finacle to Provide a Next-Generation Banking Experience to Customers

Infosys Finacle, part of EdgeVerve Systems, the product subsidiary of Infosys (NYSE: INFY), and Asia Green Development (AGD) Bank, a leading bank in Myanmar, announced the bank’s decision to adopt the Finacle Core Banking, Internet Banking, Mobile Banking, and financial ecosystem solutions. These would provide its customers a next-generation banking experience by enabling seamless transactions, regardless of the channel, the location and the time. Powered by the Finacle suite of solutions, AGD Bank aims to expand its client base, while significantly enhancing productivity and profitability.

The Finacle platform will enable a transformational change at the bank by eliminating various manual processes, enhancing productivity, reducing errors, and ensuring 24X7 operations. This will further strengthen the bank’s position vis-à-vis its peers

Finacle will also help the bank overcome the challenges associated with a legacy distributed system, which made it impossible to review clients’ holdings in a consolidated manner. The new implementation will provide the bank a 360-degree view of customer relationships and transactions.

The built-in analytics capability will help the bank understand customer preferences better and thereby offer personalized products and services.

Finacle’s proven scalability will allow AGD Bank to seamlessly and easily expand scale of operations with growth.

Andy Dey, President - Customer and Operations, EdgeVerve: "The banking industry in Myanmar is witnessing a renewed growth and banks are showing a strong appetite for expansion. A modern banking technology platform is critical to drive growth for Myanmar banks at this stage. With the Finacle suite of solutions, AGD Bank will be able to integrate various channels, effortlessly develop and launch new offerings, create new lines of revenue, and work with greater efficiencies, which is in line with the bank’s long-term growth.”

Htoo Htet Tay Za, Managing Director, Asia Green Development Bank: “At Asia Green Development Bank, our endeavor is to help our clients fulfill their needs by delivering an excellent banking experience. We believe that the adoption of the Finacle family of solutions will support us in achieving our goal of delivering just that.”