Infosys Finacle and Its Clients Bags Multiple Awards at IBSi Awards
Four awards at the IBSi Global FinTech Innovation Awards
The IBSi Global FinTech Innovation Awards identifies and honors technology players and banks for their excellence in driving impact through Banking Technology implementations and innovations using emerging technologies.
- ICICI Bank and Infosys Finacle
Most Innovative use of Blockchain in Banking: Most Innovative Project
e-Discounting System (e-DS) is a marquee solution which has been developed using Blockchain architecture. This industry-first initiative has the capability to disrupt inland bill discounting transactions in India by bringing together the nuances of trade, government initiatives & power of blockchain. This platform is a one-stop solution that provides all functions of LC (view, review, download) thus enabling the bank’s clients to reduce dependence on paper. e-DS also allows corporate clients to seek & confirm bill discounting rates at the time of LC receipt itself – avoiding to and from email communication with immutable audit trails for all parties.
- Kasikorn Line Company Limited and Infosys Finacle
Best Digital KYC/On-Boarding Initiative Thailand 2021
LINE BK is Thailand’s first social bank – a joint venture between Kasikornbank, the leading retail bank in Thailand and LINE Corporation, the provider of the top messaging application with over 49 million active users in Thailand. Reimagining banking being seamlessly delivered on a messenger app, Line BK has been successful at tapping the unbanked segment acquiring more than 2.5 million customers overall, 300,000 customers for its unsecured loans, and 30% of its customers fail to qualify for loan approval from any other loan providers.
- Santander UK and Infosys Finacle
Best Digital Channel/Platform Implementation: Best Project Implementation
Santander Corporate Bank wanted to make it easier for customers to manage their cash resources around the world by providing visibility into cash across banks and accounts, currencies, and geographies. Even from its own perspective, Santander needed to enhance cash management capability to support its international growth ambitions. In the short time since it launched Global Connect, Santander Bank has attracted several international clients and is targeting 50 new clients over the next two years. By answering clients’ demands for a tool for managing cash globally, Santander has demonstrated that it is a bank that understands and answers its clients’ needs.
IBSi NeoChallenger Bank Awards
IBSi NeoChallenger Bank Awards recognizes Neo Banks and Challenger banks that are making an impact with online platforms, innovative user experience, and faster delivery of offerings.
- KASIKORN LINE and Infosys Finacle
Regional winner for Asia
LINE BK is Thailand’s first social bank – a joint venture between Kasikornbank, the leading retail bank in Thailand and LINE Corporation, the provider of the top messaging application with over 49 million active users in Thailand. Reimagining banking being seamlessly delivered on a messenger app, Line BK has been successful at tapping the unbanked segment – acquiring more than 2.5 million customers overall, 300,000 customers for its unsecured loans, and 30% of its customers fail to qualify for loan approval from any other loan providers.
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