EDBE standardizes operations on Finacle from Infosys

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Export Development Bank of Egypt (EDBE) and Infosys have announced the implementation of Finacle universal banking solution across EDBE's operations in Egypt. Infosys has implemented Finacle core banking, treasury and CRM solutions in over 20 branches across the country.

Magdy Ramadan, CIO, Export Development Bank of Egypt, said, "New age banking requires an advanced core banking platform. A renewed technology focus is vital to achieving our business objectives of growth and customer satisfaction. Finacle with its unmatched delivery track record has proven its excellence in retail banking operations. The implementation of Finacle and the ease with which it interfaces with other external systems has helped us reduce our turnaround time and centralize operations across branches, thus radically improving our efficiency and customer service. The ease of implementation was a satisfying experience and we are excited to be part of this successful partnership."

Haragopal Mangipudi, Global Head - Finacle, Infosys, said, "Core system replacement is one of the top priorities for banks all over the world, driven by the inadequacy of current systems to provide a platform for growth. We are delighted to partner with EDBE in their technology-led transformation journey. The transition from legacy to centralized new age Finacle systems has been smooth and achieving this in just seven months is an accolade for the hard work, passion and perseverance of the entire EDBE and Finacle team. The success of this implementation will go a long way in helping EDBE gain leadership in their focus market."


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