Infosys Finacle announced that Fidelity Bank Plc., Nigeria, one of the fastest growing Commercial Banks in Africa, will migrate its core banking platform from Finacle version 7 to Finacle version 10. The migration, which is part of the bank’s transformation initiative, will enhance its operational efficiency, strengthen innovation capabilities and support scalable growth. Finacle version 10 will enable the bank to implement services such as SME banking, management information system reporting, application monitoring, and disaster recovery automation.
Michael Reh, Executive Vice President and CEO (designate), EdgeVerve said, "Banks in Africa have shown strong growth outlook over the last few years. Technology and a reliable technology partner are crucial for this growth. Finacle has a proven track record in Africa, having helped our clients there attain exceptional growth through industry-leading solutions and committed partnerships. We look forward to supporting Fidelity Bank in delivering a value-driven experience to its customers and achieving market-leading growth.”
Lazarus I. Okolie, General Manager and Chief Technical Officer, Fidelity Bank Plc., Nigeria, said “In today’s intensely competitive landscape, it is imperative for us to do nothing less than delight our customers, to grow our business. 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.”
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