As part of the deal, JMR Infotech will implement Oracle FLEXCUBE at FMFB replacing its existing systems to keep pace with the rapidly changing operational priorities, improve banking efficiency and provide greater insight into the constantly changing complexion of assets and liabilities of banks in the country. JMR Infotech will also implement Oracle Financial Solutions Analytical Applications (OFSAA) Anti Money Laundering and Know Your Customer solutions at FMFB.

“By selecting JMR Infotech, we hope to enable technology driven business transformation of our bank and achieve the highest level of compliance against fraud and money laundering. After our due diligence, we came to the conclusion that JMR Infotech can provide the necessary transformation in a quick and efficient manner and prepare us for the opportunities and challenges of the future. The solution will enable us in several key areas such as new product offerings, tight compliance and cost effective operations,” said Mr. Habib ur Rahman, Acting CEO, FMFB in the presence of the Chairman Mr. Akbar Pesnani.

“We are proud to add FMFB as our prestigious customer. This deployment will provide FMFB with a robust platform to expand the business and offer better services to customers,” said Mr. Jayafar Moidu, CEO, JMR Infotech.