Technology vendor Infosys has partnered with
South Africa-based Standard Bank to deploy its Finacle digital
commerce solution to power agency banking for the lender
across its markets in Africa.
The Finacle digital commerce solution enables
Standard Bank to offer value-added financial services to consumers
– such as customer on-boarding, cash deposits, cash withdrawal and
banking transactions, and service request – while reducing cost of
operations by allowing the lender to manage agents using
mobile or online channels and service remote customers.
Go deeper with GlobalData
The Finacle digital commerce solution enables
instant cashless payments and commerce between merchants and
consumers, and also allows consumers to consolidate accounts, cash
or cards, on a single digital wallet, made accessible on their
preferred digital channel.
Terry Moodley, chief executive for personal
and business banking Africa at Standard Bank, said:
“Mobility is a critical component of our
business growth in Africa. We see the rapid proliferation and take
up of mobile and mobility services, and in some areas Africa is
leading the way for the rest of the world.
“Finacle digital commerce solution from
Infosys provides us with the technology platform to deliver on our
mobility strategy thereby positively impacting the communities in
which we operate and keeping our customers moving forward.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataHaragopal Mangipudi,global head for Finacle,
Infosys, said:
“We believe there is a growing market for
payments, and cost-effective agency services, driven by access to
digital channels. Our partnership with Standard Bank is a great
example of how organizations can harness the immense potential of
digital money to extend banking reach and spark new growth
opportunities.”
Standard Bank is one of South Africa’s ‘Big
Four’ banks, the other three being Absa, First National Bank
(FNB) and Nedbank.
