Infosys Finacle announced the implementation of the Finacle Core Banking Solution at Prabhu Bank, a banking and financial services group in Nepal.
Prabhu Bank aims to scale its retail and corporate operations and provide customers a digital experience.
Prabhu Bank can enable onboarding of new customers and opening new accounts in just 15 minutes. Since implementation, Prabhu Bank has on-boarded more than 1.4 million accounts on the new platform.
The bank can offer tailored products to its customers based on a unified customer view and embedded insights, in real time, across channels. It has the advantage of embedded analytics to gain insights and customize offerings.
CAS Total Solutions, an Infosys Finacle business partner, played a part in implementing the solution stack at Prabhu Bank.
Ashok Sherchan, chief executive officer of Prabhu Bank, said, “The Finacle solution will support our growth aspiration and provide a world-class banking experience for our customers.”
Sajit Vijayakumar, chief operating officer of 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 to create differentiated and tailored offerings for its customers.
Omesh Lal Shrestha, managing director of CAS Total Solutions, said a modern banking platform at Prabhu Bank provides the bedrock on which the bank can build its growth plan.