Myawaddy Bank signs for Infosys Finacle core banking tech
Finacle gains second taker in Myanmar
Myanmar-based Myawaddy Bank has opted for the Finacle core banking platform and digital channels suite, supplied by EdgeVerve Systems and its parent, Infosys.
The vendor says the new tech will achieve “considerable automation” of the bank’s front-to-back office operations, optimise business processes and reduce manual effort. It will also provide a “360-degree view” of customer relationships and transactions as well as faster time to market of new products and services.
The implementation will be carried out by ACE Data Systems, Finacle’s business partner in Myanmar.
“We selected Finacle as our strategic partner for our technology transformation journey due to its strong solution credentials, proven track record and experience of working with leading financial institutions across the world,” explains U Yu Lwin, MD of Myawaddy Bank.
There is one other known taker of Finacle in Myanmar, Asia Green Development Bank (AGD Bank), which inked a deal with Infosys in 2015.
