Infosys Finacle Shines Bright: Multiple Wins at the Global Banking & Finance Awards
Since its inception in 2011, The Global Banking and Finance awards reflect the innovation, achievement, strategy, progressive and inspirational changes taking place within the Global Financial community. The awards were created to recognize companies of all sizes which are prominent in particular areas of expertise and excellence within the financial world. Finacle and its clients have won multiple awards this year.
Zand Bank
Digital Banking Awards | Best New Digital Bank UAE 2024
Zand Bank stands out in the digital banking landscape as a distinctive player. Unlike traditional digital banks, it serves not only retail customers but also corporate and wealth management clients, offering comprehensive, end-to-end financial services. Leveraging Infosys Finacle’s advanced solutions, Zand has delivered a customer-centric, future-ready banking experience driven by cutting-edge AI and predictive analytics. Finacle’s modular architecture, combined with a deep understanding of Zand’s unique needs, has been instrumental in this success. Finacle’s API-first design seamlessly integrates with Zand’s 100% cloud-based operations, enhancing scalability, flexibility, and speed to market.
Arab National Bank & Infosys Finacle
Banking & Finance Technology Awards | Best Banking Technology Overhaul KSA 2024
Arab National Bank (ANB) has upgraded to the latest version of Finacle, enhancing scalability, flexibility, and readiness for digital innovation. This transformation enables faster product launches, seamless third-party integration, and efficient scaling of operations. By reducing technical debt and enabling swift customizations, ANB strengthens its competitive edge, future-proofs its digital infrastructure, and positions itself for long-term growth.
Axis Bank & Infosys Finacle
Excellence in Innovation Awards | Excellence in Innovation – Co-Lending Platform India 2024
Axis Bank and its lending partner (NBFC) collaborate through a shared Service Partner Platform, seamlessly integrating both entities into a unified system. The platform supports straight-through processing (STP) while enabling manual review for non-STP cases. Finacle’s advanced customization capabilities allowed the bank to integrate multiple systems efficiently, streamlining operations and ensuring adherence to regulatory requirements. This strategic approach successfully addressed the complex technical and functional challenges of the co-lending model, establishing a strong foundation for future initiatives. The initiative has positioned the bank to unlock new customer segments, enhancing profitability by reducing operating costs and sharing the risks associated with co-lending.
Regional Investment Corporation & Infosys Finacle
Excellence in Innovation Awards | Excellence in Innovation – Digital Lending Technology Implementation Australia 2024
Regional Investment Corporation provides low-interest loans to farm and farm-related businesses. The bank transitioned from outsourcing to a fully insourced lending model powered by Finacle’s cloud-native solutions. This shift enhanced scalability, efficiency, and customer engagement, resulting in 20% faster decision-making, zero downtime, and $35M in projected benefits over 10 years, fostering sustainable growth.
Union Bank of Philippines & Infosys Finacle
Excellence in Innovation Awards | Excellence in Innovation – Lending Transformation Philippines 2024
Union Bank of Philippines, a leading universal bank serving over 5 million customers, partnered with Samsung to launch Samsung Finance+, a 0% interest gadget loan program targeting uncarded and new-to-credit Filipinos. Leveraging telco-based credit scoring and powered by Finacle’s digital banking solutions, the initiative enabled instant loan approvals through a fully digital process, including eKYC and underwriting. With an innovative auto-lock feature ensuring responsible credit use, Union Bank redefined financial inclusion and solidified its position in the Buy Now, Pay Later (BNPL) space, combining agility, efficiency, and superior customer experience.
