Nigeria-based Fidelity Bank has extended its alliance with Infosys Finacle by migrating to Finacle version 10 core banking platform from Finacle version 7.

The move is aimed at enhancing the bank’s operational efficiency and innovation capabilities, and supporting scalable growth.

Finacle version 10 will help the lender implement a range of services including SME banking, management information system reporting, application monitoring, as well as disaster recovery automation.

The deployment of the new version will allow the bank to operate across multiple channels and currencies, and help it with in-depth customer analytics, right-sell opportunities, and personalised offerings.

At the same time, it would also open up new business opportunities through offerings including liquidity management, top-up deposit, flexi-fixed deposit, enhanced channel transaction controls, rebates and clawbacks, bill payments, securitization, top-up loan, and subsidy.

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Fidelity Bank Nigeria general manager and chief technical officer Lazarus Okolie said:"Over the past eight years, Finacle has provided a stable platform to help us constantly focus on delivering superior customer value cost-effectively and in a user-friendly manner.

"We believe the upgrade to the new-generation Finacle solution will further aid our long-term business objectives and create new avenues for revenue growth."