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Bahraini Saudi Bank chooses Finacle to power aggressive growth

30 May 2007  |  1454 views  |  0 Source: Bahraini Saudi Bank

Infosys Technologies today announced that Bahraini Saudi Bank (BSB), a leading provider of retail and commercial banking services to customers in the Kingdom of Bahrain, has chosen Finacle to replace its legacy core banking solution.

Since 1983, BSB has been successful in meeting the needs of small to medium sized customers in the trade, retail, manufacturing, construction, services and real estate sectors. The Bank currently offers a full range of retail banking services through its network of branches and ATMs and was the first bank in Bahrain to be ISO 27001 certified for its Information Security practices. BSB also operates through a global network to offer efficient trade finance services to its export/import customers.

Mr. Khalid Shaheen, CEO, Bahraini Saudi Bank, said, "BSB is well positioned today to carve out a leadership position in both, the retail as well as the commercial banking space. Armed with tailored financial solutions for mid-market companies in Bahrain and a strong ambition to achieve improvements in customer service delivery standards, we have chosen Infosys as a strategic technology partner based on their international presence, technological strengths, and domain expertise that specifically addresses the unique needs of BSB."

Sanat Rao, global head of sales, Finacle, said, "Our association with Bahraini Saudi Bank is significant as it marks our first installation in the Kingdom of Bahrain. We are proud to commence this engagement and are committed to ensuring that BSB attains its growth ambitions. The bank's selection of Finacle ahead of global competition is yet another reinforcement of Finacle's leadership in the core and universal banking space in the Middle East well as around the world."

Finacle recently earned the first position in the Forrester Wave on Retail Banking Platforms and was also positioned in the Leaders Quadrant in the Gartner Magic Quadrant for International Retail Core Banking.

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