Infosys share price gained over a percent in early trade on August 4 after the National Bank of Bahrain (NBB) selected company's platform for the digital transformation of its transaction banking business.
National Bank of Bahrain and Infosys Finacle, a wholly-owned subsidiary of Infosys, announced the bank’s decision to adopt the Finacle Cash Management Suite to digitally transform its transaction banking business, as per company release.
NBB will be implementing the Finacle Liquidity Management Platform, and upgrading its existing Finacle Corporate Online Banking platform to a full-fledged Digital Engagement Suite - with the latest versions of the Finacle Corporate Online and Mobile Banking solutions, along with the Finacle Digital Engagement Hub.
“We are happy to extend our relationship with NBB and be the preferred partner for their digital transformation program. This deployment of our industry-leading digital cash management solution suite on a non-Finacle core banking platform is a perfect example of the adaptability of Finacle solutions and its ability to power digital transformation for banks in a progressive and seamless manner,” said Venkatramana Gosavi, Senior Vice President and Global Head of Sales, Infosys Finacle.
At 09:22 hrs, Infosys was quoting at Rs 965.40, up Rs 8.05, or 0.84 percent on the BSE.
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