Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

Myawaddy Bank, Myanmar Selects Infosys Finacle to Power Its Digital Transformation

Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary Infosys (NYSE: INFY), today announced that Myawaddy Bank Ltd., a leading domestic bank in Myanmar, has selected Finacle solution suite to power the bank’s digital transformation. With Finacle, the bank aims to drive growth and innovation while achieving significant improvements in operational efficiencies. Finacle’s pre-integrated digital channels stack will enable the bank to rapidly deliver a rich and seamless digital experience to its customers.

Key benefits:

  • With the Finacle core banking solution, the bank will achieve considerable automation in front and back office operations, thereby reducing manual effort and optimizing various banking processes
  • The new solution will provide a 360-degree view of customer relationships and transactions across the bank, thus enabling superior customer service and enhanced upsell and cross-sell opportunities
  • Further, the inbuilt product factory capability will enable the bank to rapidly launch new product offerings in response to emergent market demands

ACE Data Systems Ltd, Finacle’s business partner in Myanmar, will play an integral part in the solution’s implementation at Myawaddy Bank Ltd. With their experience in implementing Finacle and in-depth understanding of local banking practices, they will help ensure an accelerated delivery.

U Yu Lwin, Managing Director Myawaddy Bank Ltd. said, “At our bank, we are committed to deliveringinnovative products and services to our customers, and maintaining a high level of service quality and convenience. In the coming years, we believe the Myanmar economy will see strong progress and we are keen to expand our growth and presence in the country. We selected Finacle as our strategic partner for our technology transformation journey due to its strong solution credentials, proven track record and experience of working with leading financial institutions across the world. We are confident that with Finacle, our staff and customers will be well empowered to support our growth aspirations.”

Sanat Rao, Chief Business Officer, Infosys Finacle said,“The banking industry in Myanmar is witnessingrapid growth with the opening of the economy. Banks are showing a strong appetite for expansion and at this stage, a modern banking technology platform is critical to help Myanmar banks drive growth, ensure profitability and enable world class customer service. We are delighted that Myawaddy Bank has chosen Infosys Finacle to power its digital transformation. With this implementation, Myawaddy Bank will join a growing list of banks in Myanmar and financial institutions across the world, enabled with the industry’s leading digital banking solution suite.”

Zaw Moe Thant, Chief Executive Officer, ACE Data Systems Ltd. said, “We are delighted to partner with Infosys Finacle and are strongly committed to ensuring that Myawaddy bank attains its business objectives of growth and business agility. We will continue to invest and innovate to drive efficiencies for our clients in the region.”