Myanmar Bank selects Infosys Finacle for new Digital Drive

Myanmar Bank selects Infosys Finacle for new Digital Drive

Myanmarese Glory Farmer Development Bank has selected Infosys to offer digital banking services to its customers.

According to the recent announcement, digital banking solutions will leverage Infosys's Finacle banking solution suite.

The deployment can help the bank to digitally manage, scale, and cost-effectively power its growth and offer truly digital banking experience to its customers.

Executive Opinion

CIO, G Bank, Daw Hnin Thidar Ko, said, "G Bank, established in 2018, is aiming to support comprehensive economic development in Myanmar through reliable, inclusive and convenient banking services. To power our mission and our growth strategy in the coming years, in an increasingly competitive environment, we felt the need for a modern platform. With its growing deployment base in Myanmar, including some of the largest banks, Finacle is a proven solution for our needs. We are confident that it will be able to support our growth aspiration by improving efficiencies, and provide the best possible banking experience for our customers."

Senior Vice President & Global Head of Sales, Infosys Finacle, Venkatramana Gosavi, said, "It is my pleasure to welcome G Bank to the growing family of banks in Myanmar powered by the industry-leading Infosys Finacle solution suite. With Finacle, G-bank has the advantage of leapfrogging to a modern operating model to power innovation-driven growth. The bank will be able to leverage Finacle’s flexibility and openness to lead with differentiated and tailored offerings in the market. Extensive automation across business processes will enable the bank to drive operational excellence while enhancing the customer experience."

Infosys's Finacle Banking Product and G Bank

Glory Farmer Development Bank plans to automate the front and back-office operations with Infosys's solutions, notes the announcement.

It will also offer the bank with actionable customer insights and application programming interface-driven architecture, said the announcement.
ACE Data System, a Finacle business partner in Myanmar, will implement Finacle banking solution stack at the Mynamarese Glory Farmer Development Bank.

ACE will leverage their in-depth understanding of the local banking practices and experience in implementing Finacle to speed up the digital banking solution deployment, notes the announcement.

In September, Infosys subsidiary, EdgeVerve System, deployed its Infosys Finacle digital banking suite at the Shivalik Mercantile Co-operative Bank with the help of the latest cloud technologies. In the same month, Infosys also deployed Finacle banking solution on Cloud for the Australian Military Bank (AMB).

PC: Pablo, Unsplash

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Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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