National Bank of Bahrain signs Infosys Finacle for transaction banking
National Bank of Bahrain (NBB) has picked Infosys Finacle to underpin its transaction banking business.
Infosys to deploy the Finacle Liquidity Management Platform at NBB
NBB has selected the Finacle Liquidity Management Platform. The bank is also upgrading its existing Finacle Corporate Online Banking platform to a “full-fledged Digital Engagement Suite.”
Founded in 1957, NBB was the first indigenous bank in the country. Providing retail, investment and corporate banking, it operates 25 branches and 61 ATMs.
The deal with Infosys Finacle comes as part of the bank’s ongoing digital transformation.
NBB has selected a bevy of new systems in the last few years. This includes Tata Consultancy Services at the core and Bloomberg for risk.
Hisham Al Kurdi, chief executive for corporate and institutional investment banking at NBB, says the Infosys deal will equip the bank with a modern system.
“The front-to-back integrated cash management solution from Infosys Finacle will enable us to deliver a world-class banking experience.”
Venkatramana Gosavi, senior vice president and global head of sales for Infosys Finacle, says his firm is happy to be a “preferred partner” for NBB’s “digital transformation program.”
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