Infosys Finacle and Its Clients Bags Multiple Awards at IBSi Awards 2022
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. The NeoChallenger Bank Awards 2022 saw IBS Intelligence evaluate more than 100 projects at digital-only banks across 34 countries
Two Joint Awards With Our Clients:
Bank Raya and Infosys Finacle
Category: Customer Segment
Bank Raya, as a subsidiary of Bank Rakyat Indonesia, is now taking initiatives to celebrate the growth of the Gig Economy — in line with its aspiration to become ‘The Best Digital Bank for Agri and Beyond’ by becoming the House of Fintech and Home for Gig Economy. They are the first company to accelerate digital loan disbursement through PINANG, the first full-service digital loan product. As of mid-2022, Bank Raya has announced that it is now offering more capital in the form of intraday loans to BRILink agents nationwide. The neobank is doing this via its embedded mobile app PINANG Paylater. BRILink is the agent banking arm of BRI Group. Its business involves turning shop owners in the nation’s remote and rural areas into the unofficial bankers (agents) of their villages. It does this by arming them with Bank Raya’s AI-powered suite of digital savings and lending solutions and a direct pipeline to BRI’s various support pillars.
Übank and Infosys Finacle
Category: Regional Winner – Asia
VPBank, and its digital imprint Übank, is a pioneer bank in Vietnam working with financial technology (fintech) partners to power its operations. Using Infosys Finacle’s core banking solution as Software-as-a-Service (SaaS) on Amazon Web Services (AWS), the bank saves on the upfront expense of investing in IT and people and avoids the fear of eventually ending up in IT siloes common with inflexible legacy systems. It is aimed at the underbanked, mobile savvy younger generation. Ü Bank by VPBank aims to provide banking and financial services to its target segment with a digital platform, minimizing the effort and time required to perform banking procedures.
IBSi Global FinTech Innovation Awards
IBSi Global FinTech Innovation Awards identifies and honours technology players and banks for their excellence in driving impact through banking technology implementations and innovations using emerging technologies.
Joint Awards with Emirates NBD
Emirates NBD and Infosys Finacle
Best Core Banking Implementation
As Emirates NBD grew organically and through acquisition, it brought every new operation onto the Finacle platform. But while all the entities ran on Finacle, they were on different versions. The bank decided to bring all six country operations, starting with Singapore, on to the latest version of Finacle to benefit from componentized deployment, minimal customization and an agile technology stack. Emirates NBD has unified the core banking platform of all its entities and business segments to Finacle 11.x to leverage on the latest features and technical advancements of the system. The Finacle Core Banking Solution enables the bank to take new products across its Retail, Corporate, and Islamic Banking segments to market in quick time.
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