Standard Bank Namibia
has gone live with a new core banking platform from
Finacle.
Migration to the new
system kicked off in 2009 and was completed last month, in line
with the regulatory requirements of the Namibian Central
Bank.
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Standard Bank chairman
Herbert Maier said that the new system will empower the group to
derive optimal value from data at its disposal and meet a whole
range of operational, business and strategic objectives.
“The easy-to use system provides decision makers an
anytime-anywhere unified view of the bank’s structured operational
data. It guarantees high fidelity and consistency across reporting,
playing a pivotal in transforming key institutional data into
measurable performance indicators. “This will enable us to pass
more value to our loyal customers,” said Maier.
Standard Bank operates
22 branches, 17 service centres and 115 ATMs throughout
Namibia.
Amit Dua, associate vice
president and EMEA Head – Finacle, Infosys, said:
“We are delighted to
partner with Standard Bank on this important multi-country
transformation project. With 154 customers across 75
countries, Finacle is today servicing 15% of the global banked
population.
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By GlobalData“We believe, our decade
long experience of working with banks, in Africa, and in
accelerating innovation for our clients positions us as the right
partner for Standard Bank to help them sustain their regional
market leadership.”
