Finacle to power Digital Commerce Revolution
VARINDIA- INDIA'S FRONTLINE IT MAGAZINE Infosys has announced partnership sparked by its recently unveiled Finacle digital commerce solution. Finacle will power agency banking for Standard Bank and help the bank extend service channels across its markets in Africa. This new alternate channel for the Bank will offer value-added financial services to consumers, in Africa, while also reducing cost of operations for the Bank. Finacle digital commerce solution helps unlock new revenue streams not only for financial institutions, but also telecom service providers and retailers. The solution empowers consumers to consolidate payment instruments on a single digital wallet. The solution will enable agents to offer a host of services, ranging from customer on-boarding, cash deposits, cash withdrawals and banking transactions, to service requests. Terry Moodley, Chief Executive, Personal and Business Banking Africa, Standard Bank, said, “Mobility is a critical component of our...