Infosys Finacle core banking system live at Sunrise Bank in Nepal
New live site for Infosys’ Finacle core banking system in Nepal
Infosys’ flagship core banking offering, Finacle, is live at Sunrise Bank in Nepal, Banking Technology understands. Finacle ousted Temenos’ T24 core banking system (installed at the bank six or so years ago).
Last year, four domestic banks signed a group deal with Infosys to implement Finacle. Sunrise Bank is understood to be among them.
According to a source on the ground, Infosys made an attractive commercial proposition for the banks to move jointly to Finacle from their legacy cores.
Best of Breed Software Solutions (BBSSL), an India-based system integrator, assisted with the implementation at Sunrise Bank.
Another bank from this group is Bank of Kathmandu Lumbini, it is understood. It was created as a result of a merger in mid-2016 of Bank of Kathmandu and Lumbini Bank. The former was already a Finacle user, while the latter ran the Bankmill core system, supplied by regional vendor Mindmill Software.
Infosys already has a well-established presence in Nepal, with customers comprising Everest Bank, Global IME Bank, Laxmi Bank, Nabil Bank, Nepal Investment Bank and NIC Asia Bank.
