The solution will assist the bank to provide value-added financial services to consumers, in Africa, as well as reducing cost of operations, said Standard Bank.
The software facilitates users to combine payment instruments including accounts, cash or cards, on a single digital wallet, which remains accessible anytime, anywhere on their preferred digital channel, claims Infosys.
The integration of Finacle digital commerce solution will empower Standard Bank to manage agents onboard, using the mobile or internet channels, to service remote customers.
Standard Bank personal and business banking Africa chief executive Terry Moodley said mobility is a critical component of their business growth in Africa. We see the rapid proliferation of mobile services, and that, in some areas, Africa is leading the way for the rest of the world.
"Finacle digital commerce solution, from Infosys, provides us with the technology platform to deliver on our mobility strategy thereby positively impacting the communities in which we operate and keeping our customers moving forward," Moodley added.
Standard Bank Group trades in 18 countries on the African continent, including South Africa, and 13 countries outside Africa with an emerging market focus.
