BANGALORE: Infosys Technologies Ltd has announced that
Bank of Alexandria, a leading bank in Egypt, has signed up for Finacle, its
universal banking solution. Finacle will power the bank's core banking,
e-banking, CRM, wealth management, financial management, asset-liability
management and loan origination requirements and will be deployed across its
200+ branches.
Bank of Alexandria has embarked on a comprehensive business transformation
initiative. The key objective of this transformation initiative is to create a
clear differentiation in the Egyptian banking market with better, more
personalized customer service, greater customer convenience, innovative products
and services, higher efficiency and lower cost of operations, and technology
enabled aggressive growth. This is a technology driven transformation
initiative, with Finacle at its heart. Finacle is represented in Egypt by BSD,
an Infosys business alliance partner, which will play a key role in the
implementation project.
Infosys VP and global head - professional services, Finacle M Haragopal said,
"Middle East and Africa are very important markets for us, where we have been
making significant and rapid progress over the last few years. In the region, as
elsewhere in the world, Finacle with its unparalleled scalability, tremendous
flexibility, new generation SoA based architecture, impeccable implementation
track record and Infosys predictability, has today emerged as the lowest risk
alternative for retail and universal banks looking for core banking
replacement."
Bank of Alexandria selects Finacle  Â
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