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News : Al Ahli Bank of Kuwait Selects Infosys Finacle to Power its Technology Transformation
Bangalore & Kuwait City March 2, 2016 -- Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys (NYSE: INFY), announced that Al Ahli Bank of Kuwait (ABK), a retail bank in Kuwait, has selected Finacle to drive its technology transformation. The bank will deploy the complete suite of Finacle solutions including Core Banking, Trade Finance, Wealth Management, CRM, e-banking, Payments, Treasury, Alerts, SMS Banking, Liquidity Management, Retail, and Corporate Loan Origination. With Infosys Finacle, ABK will be able to achieve high operational efficiencies, accelerate growth and manage scale-ups easily, while delivering a digital age banking experience to its customers.
Michael Reh, Executive Vice President and CEO (designate), EdgeVerve: "In a world that is being irrevocably digitized, banks will need to fundamentally transform themselves to adopt a technology-led, client-centric model. With this transformation program, ABK joins a select group of banks in the Middle East, enabled with a proven, industry-leading technology platform to deliver superior value to its customers and drive innovation. Building on our partnership with ABK, Finacle is well poised to extend similar partnerships with banks across Kuwait and the Middle East to help them achieve a digital transformation for accelerating growth and profitability."
Abdulla Alsumait, Deputy Chief General Manager, ABK: "At ABK, we are committed to creating a ‘simpler’ banking model for our customers - one that specifically offers convenience, security and speed. This comes as part of our ‘Simple Banking’ strategy, and we are excited to partner with Infosys Finacle, which is one of the global leaders in core banking systems. We look forward to working with Finacle to achieve our goal of transforming the technology landscape at ABK and to enhance our service offerings to our customers, in every way."
Posted by: Laura Collins, Editorial Management
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Infosys BPO is an end-to-end outsourcing services provider. We address your business challenges through our integrated IT and business process outsourcing solutions. We unlock business value by applying proven process methodologies and business excellence frameworks to significantly reduce costs, enhance effectiveness and optimize business processes. Infosys BPO is a global company with 12 delivery centers across the Asia Pacific, Latin America, Europe and India. Our business solutions and leadership have been recognized by several global forums. We are an equal-opportunity employer and continue to be regarded for our global people excellence practices.
About ABK Kuwait:
The creation of ABK in 1967 brought together diverse departments which are extraordinary in their individual capabilities as well as in the ways they enhance and complement each other. Whether serving the needs of the retail market through deposit products, the provision of Visa or MasterCard credit services or a comprehensive consumer loan programme, we work together to provide superior solutions to our customers’ financial needs. We have a retail network of 22 branches and one overseas branch in Dubai, UAE & AbuDhabi. The full-service branch in Dubai has been servicing both Kuwaiti and UAE-based clients, clearly demonstrating our commitment to the commercial business between Kuwaiti and Gulf-based Arab producers and exporters.
Published: Monday, March 7, 2016