Alliance Bank selects Finacle solution

Alliance Bank selects Finacle solution

To power the bank’s strategic business transformation initiative

Monday, December 10, 2007

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BANGALORE: Infosys Technologies today announced that Alliance Bank has chosen Finacle Universal Banking Solution, to power the bank's strategic business transformation initiative.

Alliance Bank will be using the Finacle solution for its core banking, e-banking, CRM, and treasury operations.

Dauren Kereibayev, chairman of the Board, Alliance Bank, said, "We have implemented the Finacle solution as a business transformation initiative rather than just a technology project. We believe that Infosys' international experience will prove useful in the banking practice of Kazakhstan, and the implementation of a new technology platform will give the bank a competitive advantage."

Finacle will perform a key function in helping Alliance Bank scale operations, enhance functional efficiencies, proactively respond to new opportunities and help enhance its existing image of being a socially responsible institution in Kazakhstan for customers, employees, investors and the State.

Sanat Rao, vice president and head - Wordwide Sales, Finacle, Infosys Technologies, said: "Russia and CIS are among the fastest growing banking markets and this partnership is a significant reinforcement of Finacle's leadership in the region. CMA Small Systems, the sales and implementation partner of Infosys for Russia and the Commonwealth of Independent States (CIS) region was also chosen to participate in the implementation by Alliance Bank."
©CyberMedia News

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