Infosys Ltd.

Infosys has partnered with Standard Bank Namibia to launch new core banking system ‘Finacle’, which will significantly improve the quality of the bank’s service offering to customers. The migration to the new system, which began in 2009 was completed last month, and was in line with the regulatory requirements of the Bank of Namibia (BON). The bank officially launched the new core banking system on March 09, 2012.

The new system will empower the group to derive optimal value from data at its disposal and meet a whole range of operational, business and strategic objectives. The new Finacle system will enable the bank to identify the gaps in its products as well as allow them to quickly replicate and make amendments to the products as dictated by their customer needs.

Finacle from Infosys partners with banks to power-up their innovation agenda, enabling them to differentiate their products and service, enhance customer experience and achieve greater operational efficiency. This proven and effective framework for multi-disciplinary change enables banks to shift their strategic and operational priorities. Finacle is today servicing 15% of the global banked population.