Infosys Finacle, announced that Fidelity Bank of Nigeria, one of the fastest growing Commercial Banks in Africa, will migrate its core banking platform from Finacle version 7 to Finacle version 10.
Infosys Finacle, part of EdgeVerve Systems, is a product subsidiary of Infosys.
The migration, which is part of the bank's transformation initiative, will enhance its operational efficiency, strengthen innovation capabilities and support scalable growth, the company said in the press release.
Finacle version 10 will enable the bank to implement services such as SME banking, management information system reporting, application monitoring, and disaster recovery automation, added further.
The multi-country migration to Finacle version 10 will enable the bank to operate 24/7 across channels and currencies. It will also help the bank with in-depth customer analytics, right-sell opportunities, and personalized offerings.
The deployment will also create new business opportunities through offerings such as liquidity management, top-up deposit, flexi-fixed deposit, enhanced channel transaction controls, rebates and clawbacks, bill payments, securitization, top-up loan, and subsidy, the company said in the press release.
Shares of the Infosys was seen trading at Rs 1165, higher by 0.15 per cent on BSE at 10.40 am IST. It touched an intra-day high of Rs 1175 during the trade.