Zand Bank to leverage Infosys Finacle's cloud-native banking solutions

UAE’s digital-only Zand Bank has selected Infosys Finacle Solutions for enhancing customer-centric banking services. Infosys Finacle Solutions which is a part of Infosys’ EdgeVerve Systems, will offer its advanced cloud-native banking solutions on Microsoft Azure along with other AI and predictive analytics solutions. 

"We are delighted to announce our adoption of the Finacle modular core banking system. This strategic move empowers us to fortify our position at the forefront of innovation, enabling seamless deployment of digital assets, AI, and blockchain technologies. Embracing the future, we are poised to redefine banking experiences and drive unparalleled value for our customers,” said Michael Chan, Chief Executive Officer of Zand.

To be sure, Infosys Finacle's suite of offerings includes Finacle Core Banking, Finacle Liquidity Management, and Finacle Customer Data Hub solutions. Zand Bank will leverage Finacle Corporate Banking Suite which includes APIs that will help the bank accelerate services launch, and enhance performance, scalability, and operational efficiency. It will also help Zand in processing vast amounts of data, along with the integration of technologies like AI, blockchain, and digital asset management.

In January, Australia's Regional Investment Corporation (RIC) announced that it successfully implemented Infosys Finacle's technology for agricultural financing. In collaboration with Infosys Finacle, RIC, a government-backed finance provider for farmers, completed the transformation project in just nine months.
The adoption of Finacle's Digital Lending Solution Suite, including Finacle Online Banking and Finacle Alerts Solution, enables RIC to offer fully digital financial lending services to Australian farmers, reducing costs and improving self-service options.