20 November 2008
Infosys Technologies, developers of software solutions for world banking applications has launched the latest banking software for next generation solution for West African Banks.
The next generation banking solution known as Finacle 10, is the version 10 of Finacle Universal Banking Solution, specifically designed for the West African banking community.
Introducing the new solution in Lagos last week, Associate Vice President and Head of Europe, Middle and East Africa operations (EMEA) for Infosys Technologies, Mr. Amit Dua, said the new version will enable banks transform their multi-country operations through a standard platform and processes.
The new version, he said, also brings with it, a whole new set of offerings including Islamic banking, wealth management and an enhanced mobile banking solution.
Pleased with the innovations from Infosys and for its commitment in leveraging banking applications worldwide, Computer Warehouse Group, a partner to Infosys in Nigeria, said many Nigerian banks are already benefiting from Infosys since it partnered Infosys some seven years ago, adding that the Finacle 10, which is the latest version is banking applications, will help users maximize globalization, diversity, agility, risk, innovation and cost.
According to Dua, Infosys is using the Finacle 10 to offer banks in the West Africa region, an agile, scalable, proven solution that lowers total cost of ownership and accelerates time to market.
West African banks, he said, are now being confronted with increasingly complex internal and external environments that require greater business agility, a reduced cost structure and minimum risk.
"Finacle's powerful architectural foundation enables banks to rapidly respond to changing customer demands a competitive market landscape.
We have invested over $60 million in the last three years to build a state-of-the-art banking solution and our strong commitment towards the West African market, along with strong alliances for surround implementation services, offers banks a truly differentiated offering," Dua said.
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