Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys and Nigeria’s Guaranty Trust Bank (GTBank), the banking subsidiary of Guaranty Trust Holding Company, announced that Guaranty Trust Bank has selected the Finacle Digital Banking Suite for its multi-country digital transformation program.
GTBank’s decision was driven by Finacle’s proven track record and the solution suite’s comprehensive capabilities across retail, wealth, and corporate banking, said the company.
Leveraging Finacle’s suite of retail and corporate banking solutions, the Bank will achieve a comprehensive transformation of its business across its home operations in Nigeria as well as in 10 other markets across Africa and Europe.
Finacle’s cloud-native and open API-driven platform will help GTBank become a more agile and open financial institution, ready to integrate with its ecosystem partners and benefit from new-age digital possibilities.
Venkatramana Gosavi, Senior Vice President and Global Head of Sales, Infosys Finacle, said, “Our collaboration with Guaranty Trust Bank is a testament to our deep commitment to helping financial institutions propel and scale their digital transformation journeys and help them navigate their future with cutting-edge technology.”
Overall, the Finacle solutions suite will give GTBank a secure, resilient, composable, and scalable solution, to meet ongoing modernization and business growth demands easily, while ensuring a significantly lower total cost of operations due to bank-wide digitization and automation.
Segun Agbaje, Group Chief Executive Officer, Guaranty Trust Holding Company Plc, said, “We are delighted to be working with Infosys Finacle to create a superior, agile and scalable core banking system that supports our vision of delivering seamless and connected experiences across every customer touchpoint.”