JSCB Kapitalbank Uzbekistan signs Profinch Solutions as a strategic partner

By Leandra Monteiro

Kapitalbank, a private commercial bank of Uzbekistan, has partnered with Profinch Solutions for implementing Oracle Banking Digital Experience for corporate digital banking.

In order to meet the growing demands of its corporate customer base the bank has chosen to undergo a digital transformation. With a vision to provide digital financial services to its customers, the bank has experienced the requirement to make strategic technology investments to accelerate its growth.

After evaluating multiple products, both local and international competing vendors, the Kapitalbank decided to opt for Oracle Banking Digital Experience with Profinch being the strategic implementation partner.

Profinch Solutions will partner with the bank for the implementation of Oracle Corporate Banking Digital Experience (OBDX) and will be responsible for migration, localisation and multilingual UI (English and Russian).

Speaking of the collaboration, Mirzaev Alisher Anvarovich, Chairman of the Board of JSC “Kapitalbank” said, “As a bank, we have always believed in making the right technology investments and collaborating with credible partners. Through this strategic collaboration with Profinch Solutions, we are looking forward to transforming our customers’ digital banking experience”.

Amrit Biswas, Head of Business – MEACIS, Profinch said, “It gives us immense pleasure to be associated with Kapitalbank. One of the front-runners in the private banking space in Uzbekistan, Kapitalbank has emerged as a promising bank with a clear focus on growth and customer delight. We look forward to a long-lasting relationship and transforming the bank’s digital landscape”.

Profinch Solutions is a technology company offering solutions that enable financial institutions to transform how they work and be future-ready. The solutions include consulting services for advancement of core operations and processes, and off the shelf products for 360-degree digitisation and data transformation. With offices in India, UAE and Singapore, the company serves over 95 financial institutions across 40+ countries.