20 February 2018
visit www.ebaday.com

Finacle launches Bank-in-a-Box

31 October 2007  |  1878 views  |  0 Source: Finacle

Finacle, the universal banking solution from Infosys Technologies, has today announced the launch of Finacle Bank-in-a-Box (BIAB), a pre-configured and fully integrated framework for banking transformation.

Finacle BIAB has been developed on the powerful architectural foundation of Finacle and brings a fully web-enabled application and process stack in a ready to deploy state.

The global expertise in powering close to 100 banks across 55 countries has enabled Finacle to offer this specialised framework for various regions. At this time, the regional framework has been developed for three regions - Europe, Middle East and South East Asia.

Using the Finacle BIAB framework, the core banking and treasury solutions have been implemented successfully at Bank Sohar in Oman. The rapid implementation framework ensured that phase one of the Bank Sohar project went live in a record 56 days.

According to Mr. Nani Javeri, CEO, Bank Sohar, Oman: "We are extremely impressed with Finacle Bank-in-a-Box. The speed of deployment has been a tremendous support for Bank Sohar to achieve its ambitious growth plans and business objectives of innovation and technology-enabled product and service differentiation".

Another key success of the Finacle BIAB framework is its being selected by Nadra Bank in Europe. Nadra Bank is one of the top ten banks in the Ukraine. Finacle was recently selected by Nadra Bank to power its banking transformation across 600+ branches.

"Finacle BIAB was a key driver in our decision to partner with Finacle. We want to absorb best-in-class processes and banking practices to help us compete aggressively with players in the international banking arena," said Mr. Igor Gilenko, Chairman and President, Nadra Bank, Ukraine.

Finacle developed the BIAB framework by leveraging the collective implementation experience across 55 countries of its consultants and by incorporating best practices from central banks and external consultants. Standard codes like ISO Country/Currency, SWIFT BIC Codes, UCPDC Codes are also incorporated in the Finacle BIAB framework. With 300+ Process Maps, Finacle BIAB enables banks to develop their processes with ease and without the need for any other external aide or tool.

Mr. Haragopal M, Vice President and Business Head - Finacle, Infosys Technologies, said: "In this flattening world, mid sized banks need to rapidly respond to the changing consumer demands and the competitive landscape. Finacle Bank-in-a-Box framework offers banks with a rapidly deployable solution that provides knowledge of best banking practices, processes and standards."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.swift.com/your-needs/instant-paymentsvisit www.nextgenbanking.co.ukVisit http://info.nice.com

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11826 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
9502 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
9278 views 10 comments | 22 tweets | 26 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
8074 views comments | 13 tweets | 12 linkedin
FCA explores creation of global sandboxFCA explores creation of global sandbox
7350 views comments | 19 tweets | 18 linkedin

Featured job

Competitive base + commission
London, UK

Find your next job