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Bank of Alexandria selects Finacle   

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CIOL Bureau
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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."






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