BENGALURU, India and LAGOS,
Nigeria, Sept. 21, 2023 /PRNewswire/
-- Infosys Finacle, part of EdgeVerve Systems, a wholly-owned
subsidiary of Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), and
Nigeria's Guaranty Trust
Bank (GTBank), the banking subsidiary of Guaranty Trust
Holding Company Plc, today announced that Guaranty Trust Bank
has selected the Finacle Digital Banking Suite for its
multi-country digital transformation program. GTBank's decision was
driven by Finacle's proven track record and the solution suite's
comprehensive capabilities across retail, wealth, and corporate
banking.
Highlights
- Leveraging Finacle's suite of retail and corporate banking
solutions, the Bank will achieve a comprehensive transformation of
its business across its home operations in Nigeria as well as in 10 other markets across
Africa and Europe.
- Finacle's cloud-native and open API-driven platform will help
GTBank become a more agile and open financial institution, ready to
integrate with its ecosystem partners and benefit from new-age
digital possibilities.
- Overall, the Finacle solutions suite will give GTBank a secure,
resilient, composable, and scalable solution, to meet ongoing
modernization and business growth demands easily, while ensuring a
significantly lower total cost of operations due to bank-wide
digitization and automation.
Segun Agbaje, Group Chief
Executive Officer, Guaranty Trust Holding Company
Plc, said, "We are delighted to be working with Infosys
Finacle to create a superior, agile, and scalable core banking
system that supports our vision of delivering seamless and
connected experiences across every customer touchpoint. As an
organisation, we have always held that the future of banking is
digital, largely driven by technology and customers' preference for
secure, convenient, and reliable channels. This is the thinking
behind our innovation drive and history of firsts, offering
best-in-class financial services across Africa. Infosys Finacle's digital solutions
will significantly transform our operations and facilitate our push
towards more innovative, responsive banking."
Venkatramana Gosavi, Senior
Vice President and Global Head of Sales, Infosys Finacle, said,
"Our collaboration with Guaranty Trust Bank is testament to our
deep commitment to helping financial institutions propel and scale
their digital transformation journeys and help them navigate their
future with cutting-edge technology. We are confident that
our advanced solution suites will enable Guaranty Trust Bank to
inspire better banking experiences for millions of customers and
businesses the bank supports while strengthening its position as
one of the best banks in the region."
About GTBank
Headquartered in Lagos,
Nigeria, Guaranty Trust Bank Ltd has evolved to become the
flagship subsidiary of Guaranty Trust Holding Company Plc ("GTCO"
or the "Group"), a leading financial services company with banking
and non-banking operations across eleven countries spanning
West Africa, East Africa, and the United Kingdom.
About Infosys Finacle
Finacle is an industry leader in digital banking solutions. We
are a unit of EdgeVerve Systems, a wholly-owned product subsidiary
of Infosys (NSE, BSE, NYSE: INFY). We partner with emerging and
established financial institutions to help inspire better banking.
Our cloud-native solution suite and SaaS services help banks
engage, innovate, operate, and transform better to scale digital
transformation with confidence. Finacle solutions address the core
banking, lending, digital engagement, payments, cash management,
wealth management, treasury, analytics, AI, and blockchain
requirements of financial institutions. Today, banks in over
100 countries rely on Finacle to help more than a billion
people and millions of businesses to save, pay, borrow, and invest
better. For more information, visit www.finacle.com.
Safe Harbor
Certain statements in this release concerning our future growth
prospects, or our future financial or operating performance are
forward-looking statements intended to qualify for the 'safe
harbor' under the Private Securities Litigation Reform Act of 1995,
which involve a number of risks and uncertainties that could cause
actual results or outcomes to differ materially from those in such
forward-looking statements. The risks and uncertainties relating to
these statements include, but are not limited to, risks and
uncertainties regarding the execution of our business strategy, our
ability to attract and retain personnel, our transition to hybrid
work model, economic uncertainties, technological innovations such
as Generative AI, the complex and evolving regulatory landscape
including immigration regulation changes, our ESG vision, our
capital allocation policy and expectations concerning our market
position, future operations, margins, profitability, liquidity,
capital resources, and our corporate actions including
acquisitions. Important factors that may cause actual results or
outcomes to differ from those implied by the forward-looking
statements are discussed in more detail in our US Securities and
Exchange Commission filings including our Annual Report on Form
20-F for the fiscal year ended March 31,
2023. These filings are available at www.sec.gov.
Infosys may, from time to time, make additional written and oral
forward-looking statements, including statements contained in the
Company's filings with the Securities and Exchange Commission and
our reports to shareholders. The Company does not undertake to
update any forward-looking statements that may be made from time to
time by or on behalf of the Company unless it is required by
law.
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