NBB has selected Infosys Finacle to digitally transform its transaction banking business.
The implementation of the suite will offer corporate customers seamless access to a range of digital cash management services, such as self-service mode and the ability to streamline payments. This new development will also enable NBB to manage customer preferences and entitlements more effectively across channels.
Commenting on this agreement, Hisham Al Kurdi, Chief Executive – Corporate and Institutional Investment Banking at NBB said, “This partnership comes as part of NBB’s digital transformation, with the upgrades provided by the suite set to further enhance the seamless service already provided to the Bank’s client.”
“The front-to-back integrated cash management solution from Infosys Finacle will help deliver a world-class banking experience to our corporate and institutional customers, thereby driving the growth of our transaction banking business even further,” added Mr. Al-Kurdi.
The new update will further streamline corporate customer payments, help manage liquidity, and minimize financial risks. It will also further enable NBB to drive innovation by launching new products and services on digital channels
From his side, Venkatramana Gosavi, Senior Vice President and Global Head of Sales, Infosys Finacle, said, “As banks across the world mature in their modernization journeys, there is an increasing focus on the corporate banking side of the business. My congratulations to the NBB management as they continue to make diligent headway in their well-rounded digital transformation program. We are happy to extend our relationship with NBB and be the bank’s preferred partner with the top-rated Finacle Digital Cash Management suite and the Finacle Digital Engagement suite. The solutions have proven adaptability and platform agnostic capabilities, which is further evidenced by NBB’s careful evaluation and selection. We look forward to continuing to partner and support NBB’s progression and growth.”
