UAE-based Zand Bank will use a suite of banking solutions from Infosys Finacle, a part of Infosys’ subsidiary EdgeVerve Systems, to power its corporate banking services.
Infosys Finacle’s advanced cloud-native corporate banking solutions on Microsoft Azure will provide Zand a new-age banking experience, powered by AI and predictive analytics.
The Suite’s modular framework and features, including an array of Open APIs, will help Zand in advancing its objective of continuous innovation and commitment to customer service.
Zand CEO Michael Chan said: “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.”
Finacle’s corporate banking solution suite is said to deliver enhanced performance, flexible scalability, and significantly improved operational efficiency.
It enables Zand to assimilate and process large volumes of data and to partner with sophisticated analytics platforms, thereby offering advanced services to its customers.
Also, the collaboration helps Zand integrate emergent technologies such as AI, blockchain, and digital asset management and get a competitive advantage in the digital finance space.
Infosys Finacle chief business officer Sajit Vijayakumar said: “A digital revolution is shaking up the corporate banking sector, paving the way for modern, customer-centric models.
“We are delighted that Zand, as a trailblazer in this domain, has chosen Infosys Finacle for their ambitious project to redefine corporate banking excellence.
“We are committed to enabling Zand, fast-track its journey towards offering differentiated customer-centric and world-class corporate banking services.
“Our collaboration with the bank is yet another testimony to the flexibility of the Infosys Finacle Corporate Banking Suite and the enduring trust that banks in the Gulf Cooperation Council place in us.”
