Bangladesh's Community bank deployed Infosys' Cloud-ready Core Banking Solution, Finacle

Community bank deployed Infosys core banking solution, Finacle

Bangladesh based Community Bank has now deployed the Infosys' cloud-ready core-banking solution Finacle.

With a 360-degree view and real-time insights, bank can now offer customized banking solution.

Finacle is Infosys’s flagship cloud-ready financial and banking product which has already been deployed in more than 100 countries to service close to 1.3 billion accounts. With a Cloud-first approach, Finacle can be leveraged across private, hybrid and public cloud environments. The platform is available across AWS, MS Azure, Oracle, IBM and supports progressive migration to the public cloud.

Infosys Finacle business partner from Dhaka, Best of Breed Software Solutions, has deployed banking solution at the bank.

Executive Opinion

Managing Director, and CEO, Community Bank Bangladesh Ltd, Masihul Huq Chowdhury, said, "As a new bank in a mature banking landscape, our focus is to leverage a digital-first strategy to provide reliable, high-quality financial services to our customers. Infosys Finacle has strong solution credentials, a proven track record of empowering leading banks in Bangladesh, and experience of working with global financial institutions. With Finacle’s cutting-edge digital banking platform, we believe we are ready to meet our current requirements and future vision with ease."

Senior Vice President & Global Head of Sales, Infosys Finacle, Venkatramana Gosavi, said, "Pervasive digitization, challenging economic climate and evolving customer demands, is a reality that presents itself to any new bank entering the industry. With our proven platform, which comes configured with pre-packaged products and services, and our enabled partner network, we continue to provide the fastest route to market for new banking entrants seeking to differentiate themselves with innovation and excellent customer experience. With Finacle, Community Bank gains the flexibility to launch and update products and services to drive continuous innovation and accelerate growth."

Finacle Banking Platform at Community Bank, Dhaka

The security architecture of the Finacle will also help the bank to protect its data, infrastructure, and application layers with access management, identity management, and limit management.

The Community Bank will also benefit from the ecosystem of the Infosys partners to help with the co-innovation. With the help of Finacle banking platform, the bank could open new account within 15 minutes and onboard around 200,000 new accounts in the span of two months.

The competitors of Finacle into the market include the SAP, TCS BaNCS, Oracle, and Temenos.

Just a few days back, Infosys and IBM Cloud announced their collaboration to help Enterprises accelerate Digital Transformation.

PC: Pablo, Pixabay

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

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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