Equitorial Trust Bank Plc, one of the leading indigenous banks in Nigeria has signed Finacle universal banking application from Infosys Technologies, India to replace their current legacy Globus banking application.
ETB also joins other banks such as Hatton National Bank in Sri Lanka in moving away from the Globus to Temenos upgrade track and pitching tent with Finacle. HNB was an early adopter for T24 but after two years decided to replace T24 with Finacle which went live within six months of implemen-tation.
The selection of Finacle over other applications was for the obvious local 24 X 7 support infrastructures available in Nigeria through Computer Warehouse Group and for strategic business agility which Finacle provides. In addition, the bank's growth potential can only be supported by a robust, stable, and scalable core banking platform such as FINACLE. Finacle has been proven to handle more than 11,000 financial transactions per second. ETB also selected Finacle to support their channel strategy that will see ETB participating aggressively in the ATM, internet banking, mobile banking and other electronic channels.
ETB will be implementing Finacle 10, the latest release of Finacle banking application from Infosys and thus becoming the first Nigerian bank to implement the new Finacle 10.
Finacle 10 is the product of millions of years of man_effort by Infosys culminating in a major upgrade in functionality and performance over the previous versions. Finacle UBS is the award winning Core Banking Software from Infosys Technology, India. Finacle UBS is currently being used by several mega banks in Nigeria including, First Bank of Nigeria Plc, United Bank of Africa Plc, Oceanic Bank International Plc, First City Monument Bank, FinBank, Spring Bank, and others.
Finacle UBS is renowned for its Flexibility, robustness, and stability. it is perhaps the only core banking application in Nigeria developed using SEI_CMM level 5 certified processes and is also COB IT certified for control and security.
Finacle UBS has been designed from the beginning to be easily supported. It uses standard open technologies and also provides tools and techniques for adapting it to the local environment.
Local Technical Support provided by ExpertEdge Software Ltd, a Computer Warehouse Group Subsidiary, has helped tremendously in localizing Finacle for Nigeria environment and assured users of effective support infrastructures available on a 24 X 7 basis.
Finacle UBS is arguable the only core banking application with extensive local support in Nigeria with a large pool of certified Nigerian consultants employed by ExpertEdge. Local support is a critical success factor for any core banking application and an important decision point when choosing a core banking application as recommended by Gartner Group.
Expertedge is the software subsidiary of Computer Warehouse Group, a foremost ICT company comprising three subsidiaries covering each discipline of Information Technology as follows: CWL Systems, DCC Networks and ExpertEdge Software.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment