Infosys, India's leading software and solution provider today announced that Bank of Bahrain and Kuwait B. S. C. (BBK), one of the premier banks of Bahrain, has selected Finacle Core Banking, the new generation core banking solution from Infosys, for its operations in India. The Bank's Indian operations comprises of branches in Mumbai and Hyderabad.
"This initiative will help the bank to strengthen its channel strategies, launch new products and enhance existing customer service", said Mr. R. Venkataramani, General Manager and Chief Executive Officer, Bank of Bahrain and Kuwait, Indian Operations.
"We are very pleased to partner with Bank of Bahrain and Kuwait, B. S. C in their initiative to revamp their existing banking software. Finacle Core Banking solution is not just a technologically advanced and functionally rich solution, but a product, which can scale - up and assist the bank in meeting the future challenges. It is no accident that twelve out of sixteen banks in India that have gone in for centralized core banking in the last 24 months, have chosen Finacle Core Banking. Our powerful product capabilities combined with our proven rapid implementation track record have given us significant competitive leadership in this space. " said Mr. Girish Vaidya Senior Vice President and Head, Banking Business Unit, Infosys Technologies Ltd.
About Finacle Core Banking
Finacle Core Banking, Infosys' new generation core banking solution, is a centralized and integrated retail, corporate and trade finance solution that is designed to extend the bank's reach to the entire enterprise in a seamless manner - from the front office to the back office. It is a web enabled, multi - currency, multi - lingual solution, which provides powerful and unique capabilities such as 24x7x365 banking, Straight Through Processing, workflow, and an e - Xtensibility tool kit that enables high levels of flexibility, extensibility and inter - operability. Finacle Core Banking provides clients strategic value by enabling them to gain and retain business agility and time - to - market advantage.