Al Ahli Bank of Kuwait (ABK), a retail bank based in Kuwait, has selected Infosys Finacle suite to power its technology revamp.
The Finacle solutions suite will cover core banking, trade finance, wealth management, CRM, e-banking, payments, treasury, alerts, SMS banking, liquidity management, retail, as well as corporate loan origination.
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Infosys said that the implementation of Financle will help the bank move from a collection of product processors to an integrated system, helping the bank achieve high operational efficiencies, speed up growth and manage scale-ups.
Finacle will also enable the bank to integrate other existing and planned systems, while its in-built product factory capability will help the bank design and launch products easily.
ABK deputy chief general manager Abdulla Alsumait said: "At ABK, we are committed to creating a ‘simpler’ banking model for our customers – one that specifically offers convenience, security and speed. This comes as part of our ‘Simple Banking’ strategy, and we are excited to partner with Infosys Finacle, which is one of the global leaders in core banking systems."
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