Wema Bank selects Infosys’ Finacle as its banking solution

02 Aug 2011 Evaluate

Wema Bank Plc, a mid-sized commercial bank in Nigeria has selected Infosys’ FinacleTM as its banking solution aimed at strengthening its retail banking services over 150 branches in its home market. Infosys will implement FinacleTM core banking, consumer e-banking and treasury solutions at Wema Bank. This will in effect drive the bank’s objective of enhancing productivity and innovation-led customer experience in all its operations.

Leveraging FinacleTM, Wema Bank will be empowered to create a differentiated customer experience through personalized offerings, bundled products and an enriched segment-specific portfolio. The solution’s proven scalability and support for true 24x7 multi-channel transactions added to its keen understanding of the banking context in West Africa will power the bank’s ambitious growth plans.

Computer Warehouse Group Nigeria, the local business partner of Infosys for over a decade, will play an integral role in the implementation and go- live support of FinacleTM solutions at Wema Bank.

Infosys’ profit for the quarter ended June 30, 2011 increased by 15.58% at Rs 1654.00 crore as compared to Rs 1431.00 crore for the corresponding quarter last year. Its total income grew by 22.10% at Rs 7320.00 crore for the quarter under review from Rs 5995.00 crore for the same quarter last year.

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