Jamaica’s largest bank embarks on transformation initiative with Finacle - Infosys Enterprise Banking e-Platform

Bangalore, June 26, 2002: Infosys Technologies Limited, the global IT consulting, software products and services powerhouse has entered into an alliance with National Commercial Bank Jamaica Limited (NCB), the largest and oldest commercial bank in Jamaica and one of the largest in the Caribbean for the deployment of its Finacle- Infosys Enterprise Banking e-Platform comprising Finacle Core Banking, Finacle eChannels– Multi Channel Solution, Finacle CRM and Finacle Treasury, marking the commencement of NCB’s transformation initiative and Infosys’ entry into the Caribbean market.

Infosys’ Enterprise Banking e-Platform was chosen by NCB after a thorough evaluation process of leading banking solutions from Temenos, London Bridge, I-Flex, Kindle, Fincentric, Fiserv, etc., to drive their business vision of making NCB one of the top banks in the region offering end-to-end financial services. NCB in partnership with Infosys Technologies have commenced on a transformation initiative which encompasses a new business strategy and a complete revamp of their IT infrastructure, systems & processes, and organization-wide change management.

Announcing the alliance, Merwin Fernandes, Head Global Sales and Marketing, Infosys Technologies Limited stated, “This is a truly strategic win for Infosys as it is our first breakthrough in the highly potential Latin America & Caribbean region and involves deployment of our entire range of banking products and services. As NCB’s strategic partner, Infosys will assist the bank in their transformation initiative in the areas of technology, people and processes. In addition to the Enterprise Banking ePlatform, Infosys will also provide various value added services like BPR to align the bank’s processes to the global best business practices leveraging Infosys products, Internet Security Consulting, IT Infrastructure Consulting and Management of Change through our Infosys Leadership Institute - thereby addressing the end-to-end requirements of the bank for achieving rapid, well managed and profitable growth."

Christopher Lowe, Managing Director, National Commercial Bank Jamaica Limited in his statement said, "NCB has reached an important milestone. Infosys, was chosen for their strong customer orientation as well as excellent credentials and track record. In keeping with their motto, we see Infosys as a company truly driven by intellect. Their world-class banking products have the flexibility to effectively address our business requirements in a time marked by change. We intend to leverage their expertise to our advantage in pursuit of NCB providing world class service."

In his statement, N.S. Siva Kumar, Business Development Manager for Latin America am & Caribbean, Infosys Technologies Limited, said "Infosys is excited to partner NCB Jamaica in their transformation initiative. In addition to providing them with world-class banking products to help them gain a competitive advantage, we are also committed to ensuring a smooth and successful technology-driven business transformation. Our relationship with NCB marks our entry into Latin America and the Caribbean region."

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