Infosys helps Prabhu Bank Nepal to switch to Core Banking solution

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Team Infinities:

Infosys Limited NSE Symbol: INFY, BSE Script Code: 500209, a leading global IT solution company’s wholly owned subsidiary Infosys Financial announced successful implementation of the Finacle Core Banking solution in Prabhu Bank Limited, a leading banking and financial service group in Nepal. Prabhu Bank is currently prepared to develop its retail and corporate operations, while providing customers an enriched digital experience. It will just take 15 mins for the bank to on-board a customer and open new accounts. The bank has onboarded 14 lacs existing accounts already.

Now the bank can also offer well suited products to customers based on their requirements in realtime.  With the core banking solution a streamlined business process will allow for more control and improved productivity across front-to-back operations. Digitization and automation will help lower service costs and improve experience. The bank is now ready to speed up ecosystem-innovation strategies to deliver varied offers to its customers.

CAS Total Solutions, a partner of Infosys Finacle played an integral role in in the implementation of the solution in the bank.

Ashok Sherchan, Chief Executive Officer, Prabhu Bank, said, “At Prabhu Bank, we keep our customers at the center of all that we do.” He further added “With its growing deployment base in Nepal, Finacle is a proven solution for our needs.”

Omesh Lal Shrestha, Managing Director, CAS Total Solutions, said, “Adopting the latest in banking technology is essential for banks in Nepal to compete and innovate in the contemporary, international banking landscape.”

Sajit Vijayakumar, Senior Vice President and Chief Operating Officer, Infosys Finacle, said, “Prabhu Bank now has an industry-leading core banking solution to accelerate their digital transformation at scale, while leveraging Finacle’s flexibility and openness to create differentiated and tailored offerings for its customers.”

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