West Africa’s largest bank to leverage Infosys Enterprise Banking e-Platform

Infosys, the global IT consulting, software services and products powerhouse from India announced a strategic technology partnership with First Bank of Nigeria Plc, (FBN), the largest bank in West Africa, to deploy Infosys Enterprise Banking e-Platform suite of solutions comprising Finacle – the new generation core banking solution, BankAway-the powerful and comprehensive internet banking solution and BancsConnect – the financial Middleware.
Incorporated in 1894, First Bank of Nigeria Plc is the largest bank in operation in Nigeria as well as West Africa as a whole. The bank has embarked on an all-encompassing technology driven Enterprise Business Transformation to take on the challenges and seize the opportunities of the emerging new age banking and reinvent itself in the process. The bank envisages that, the deployment of a new generation enterprise banking platform is a critical and central component of this strategic initiative. FBN chose Finacle after a thorough and structured evaluation based on a global tender anchored by Accenture. FBN will be replacing the existing application Bankmaster from Kindle
Systems, U.K. with Finacle.

"We at FBN have embarked on an exciting and challenging journey; a journey in which we intend to reinvent ourselves into a highly customer focused, agile, profitable and completely new look bank ready for the e-age. Our objective here is two fold – retain and strengthen our competitive leadership and scale new heights. We are aware of the centrality of the technology – both the platform and the strategic partner - in this endeavour. After a rigorous evaluation, we zeroed in on Infosys Enterprise Banking e-Platform,which we are convinced provides our bank an e-age technology platform to power our journey into new horizons. We have no doubts that Infosys with its global experience and expertise, viability and commitment has the mettle to be our strategic partner in this endeavour. ", said Mr. Bernard O. Longe, Chief Executive/Managing Director of First Bank of Nigeria.

"Partnering with FBN, the largest bank in this region, by being a part of their strategic initiatives is our privilege. Today in several markets that we operate, the Infosys Enterprise Banking e-Platform has emerged as the platform of choice for successful and forward-looking banks. The key to our rapid success, has been the unique value proposition we offer to our customers; a proposition that enables our customers to embark on core change with low risk and high returns. This has been made possible through solutions which on the one hand are highly proven, robust, and scalable while on the other hand, are ideally suited to seize the e-age opportunities through powerful capabilities such as STP, true 24*7 operations, extensibility and flexibility. These powerful product capabilities combined with our proven rapid implementation apability have given us significant competitive leadership in this space. Our win at FBN is once again an endorsement of this fact.", said Mr. Merwin Fernandes, Associate V.P. & Head - Global Sales and Marketing, Banking Business Unit, Infosys Technologies.

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