Myanmar-based Ayeyarwaddy Farmers Development Bank (A Bank) has chosen Infosys’s Finacle solution to underpin the bank’s digital transformation.

ACE Data Systems, Finacle’s business partner in Myanmar, will implement the system on the vendor’s behalf.

The bank, according to a statement, selected Finacle for the firm’s “strong solution credentials, proven track record and experience of working with leading financial institutions”.

“At A bank, we are committed to delivering innovative products and services to our customers, and maintaining a high level of service quality and convenience,” U Ye Myat Soe, managing director, A Bank. “We recognise today’s challenges and opportunities, and our collaboration with a leading technology expert like Infosys Finacle is essential for us to stay ahead of the curve in Myanmar.”

Sanat Rao, chief business officer and global head for Infosys Finacle, added: “The banking industry in Myanmar is witnessing rapid growth with the economy opening up. 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.

“We are delighted that A Bank has chosen Infosys Finacle to power its digital transformation. With the Finacle suite of solutions, A Bank will be able to integrate various channels, effortlessly develop and launch new offerings, create new lines of revenue, and work with greater efficiencies, which is in-line with the bank’s long-term growth.”

 

by Alex Hamilton
Alex is Senior Reporter at IBS Intelligence, follow him on Twitter or contact him at: alexanderh@ibsintelligence.com
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