Union Homes signs up Finacle

The acclaimed biggest primary mortgage institution in Nigeria, Union Homes Plc, has selected Finacle UBS to power her continuing growth and expansion plans.

Union Homes provides mortgage finance services, builds estates, funds estate developers and estate development, supports investors in housing schemes even at state government levels, and purchases houses and estates for resale to corporate and private customers within and outside the country.

Disclosing this, Corporate Communications Manager at Computer Warehouse Group (CWG), owners of ExpertEdge Software Systems, partners Infosys Technologies, Ms Morenike Popoola, said that Finacle UBS is the award winning core banking software from Infosys.

She noted that Finacle UBS is currently being used by several mega banks in the country including First Bank, UBA, Oceanic Bank, FCMB, Fidelity, FinBank and SpringBank.

Finacle UBS, she said, is renowned worldwide for its stability, robustness and flexibility as well as the only core banking software in the country developed using SEI-CMM level 5 certified processes and also COBIT certified for control and security.

According to her, the local technical support provider by the Computer Warehouse Group's software subsidiary, ExpertEdge Software, helps tremendously in localizing Finacle for the environment and assured users of effective support available on a 24x7 basis.

"Finacle UBS is arguably the best supported core banking application in Nigeria with close to fifty trained consultants working for ExpertEdge alone. Availability of effective local support is a critical success factor for any core banking application and an important decision point when choosing a core banking application as recommended by the Gartner Group," she said.

Popoola also quoted the Head, Information Technology at Union Homes, Mr. Tim Oviawe, as confirming the availability of local competence as one of the most significant reasons why they chose Finacle UBS. He pointed out that the pedigree of implementations delivered on time and within budget and the flexibility of the application were also major factors.

"These become more pungent given the experience of other banks, who had made the mistake of choosing other core banking applications in Nigeria. Most of these banks have had delayed implementations and are currently facing significant support challenges," he said.

Also commenting, the Assistant General Manager (AGM), ExpertEdge, Mr. Emmanuel Ene, said his firm has made it a key policy to invest in providing local expertise to support internationally renowned products like Finacle, Actimize, SAP and Oracle for which ExpertEdge are local partners.

"This local expertise reduces the total cost of ownership for our customers and helps them maximize their returns on investment in information technology," he said.


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