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Bank Sohar goes live with Finacle core banking upgrade

Oman-based Bank Sohar has gone live with its newly upgraded core banking system, Infosys Finacle, IBS Intelligence understands. It had been previously running version 9.2 of the software and has now moved up to 10.2.18. On top of the upgrade, the bank has implemented a new middleware analytics platform, also from Infosys.

Bank Sohar completed the project within 13 months, aided by implementation partner Cedar Management Consulting. Chetan Parekh, Partner at the firm, described the go-live as “picture perfect”. The analytics solution included in the package will enable the FI ‘to analyse all data – unstructured, structured, and semi-structured – from all kind of sources, including social media sites, enterprise systems, ATM and web logs, among others,’ according to Infosys.

For its Islamic banking operations, Bank Sohar uses the iMAL core banking system, supplied by regional vendor Path Solutions. It went live with this in mid-2013.

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