21 February 2018
Visit www.capgemini.com/worldreports

JMR Infotech wins core banking deal from ST Bank

21 October 2016  |  5341 views  |  0 Source: JMR Infotech

JMR Infotech, a leading technology solutions and services provider, today announced that ST Bank, Laos has selected the company as a strategic partner to deliver a new core banking system.

JMR Infotech will implement Oracle FLEXCUBE Universal Banking at the bank replacing its legacy system.

By implementing a new-generation core banking solution, ST Bank plans to optimize its operational efficiency, profitability and growth. With Oracle FLEXCUBE, ST Bank hopes to provide superior customer experience with faster delivery of new and agile products and services and secure feature-rich banking channels such as mobile and internet banking. Oracle FLEXCUBE will provide ST Bank with the ability to improve business intelligence and decision support, provide better cross-sell and up-sell opportunities and reduce operating costs with ease of IT management.

As part of the deal, JMR will also implement Oracle Banking Digital Experience for internet banking and mobile banking. JMR Infotech will provide Oracle Hardware and Technology required for the core banking and digital banking solutions.

Additionally, ST Bank has also procured two of JMR products namely JMR End of Day Management System and Genie De Banca to increase operational efficiency.

Commenting on the deal, Mr. Ekalard Rattanachan- Deputy Managing Director, ST Bank, said “Technology is key to our aspiration to be a leading bank in the region. By implementing a future-proof banking platform and partnering with JMR, we hope to achieve the technological edge in offering world-class products and services to our customers.”

Jayafar Moidu, CEO - JMR Infotech, said “We are glad to partner with ST Bank to help them anchor their IT landscape on a future-proof platform that would help them enhance their performance and meet their growth objectives.”“Partnership with ST Bank is yet another stride for us in strengthening our competitive leadership in South Asia region. With strong local presence in Lao sand reliable delivery track record, JMR Infotech has emerged as a very low risk and cost effective option for banks embarking on a core banking change in Indo-china region,” added Jayafar.

“This is truly a landmark deal for JMR Infotech,” said Ratish Panicker, President - Global Sales & Business Development, JMR Infotech. “This technology transformation would help ST Bank to strengthen its market position as a provider of state-of-the-art banking services, drive incremental sales and also launch innovative banking products. This would enable them to acquire new customers and increase market share by reducing their time and cost to acquire customers. Our relationship with ST Bank has always been remarkable and this project will help enhance and accelerate JMR’s core banking strategy in Laos and the South East Asia region,” added Ratish.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.vasco.comVisit https://www.capgemini.comRegister for the webinar

Top topics

Most viewed Most shared
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
10118 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
9713 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...
8478 views comments | 13 tweets | 12 linkedin
BBVA-backed digital banking startup targets gig economy workersBBVA-backed digital banking startup target...
7147 views comments | 8 tweets | 12 linkedin
hands typing furiouslyMaking Customer Experience Your Business
6853 views 0 | 7 tweets | 5 linkedin

Featured job

Competitive base + commission
London, UK

Find your next job