Yet another bank in Nigeria, the third within three months, has signed up with Infosys and its Nigerian partner, Computer Warehouse, to deploy Finacle, the new generation core banking solution.
“This is the third win for Finacle in Nigeria in as many months. As the Nigerian financial sector goes through the process of globalization, banks are looking for IT systems that can give them business agility and time-to-market advantage. Finacle with its new generation web-enabled architecture, rich functionality and high level of flexibility, has clearly emerged the winner. We look forward to working with Oceanic Bank to rapidly deploy our solution,” said Merwin Fernandes, associate vice president of the Infosys banking business unit.
“We now have a strong base in the country. Our focus is to enable our customers go live with our solutions rapidly, smoothly and successfully.” said Amit Dua, Infosys sales manager West Africa.
Oboden V Ibru, chief operating officer of Oceanic Bank, added, “Oceanic Bank is aiming to expand its reach, acquire new customers and launch innovative products. We are certain that Finacle will provide a powerful and flexible foundation for its new initiatives.”
“We evaluated different solutions to revamp our IT infrastructure and we found Finacle could deliver what we expect a contemporary bank should do. Banking is highly competitive and technology is going to be the key differentiator. We are looking forward to implementing the new system in the shortest possible time.” said Roland Oaikhina, head of IT at Oceanic Bank, Nigeria.
“This third customer win in Nigeria appears to have firmly entrenched Computer Warehouse as a leading IT company in Nigeria and the strategic technology partner of Infosys. With Computer Warehouse’s reach and the Infosys Enterprise Banking E-platform we are now targeting the market leadership position in Nigeria,” said Austin Okere, managing director of Computer Warehouse, Nigeria.
Finacle, Infosys’ new generation core banking solution, is a centralized, integrated corporate, retail and trade finance solution designed to extend the bank’s reach to the entire enterprise in a seamless manner - from the front office to the back office. This solution leverages web technology to create a powerful banker’s desktop. It is multi-currency, multi-lingual, multi-platform and workflow enabled.
Infosys is an IT consulting and service provider, providing end-to-end consulting for global corporations and emerging dot-com companies. The company has partnered with several Fortune 1000 companies in building their next generation information infrastructure for competitive advantage. The Infosys portfolio of services includes eStrategy consulting and solutions, large application development and enterprise integration services. Infosys has development initiatives with numerous communication and Internet infrastructure companies that are creating the building blocks for the digital economy.
The Global Delivery Model of the company leverages talent and infrastructure in different parts of the world to provide high quality, rapid time-to-market solutions. Infosys’ US headquarters is in Fremont, California; the company also maintains offices throughout the US, Europe and Asia.