The Vice President (VP) and Global Head, Client Services for Finacle at Infosys Technologies, Mr. Santa Rao, has adduced some reasons why Finacle banking solution has been successfully deployed in Nigeria.
He made this disclosure at a press conference to herald a
jointly organised Computer Warehouse Group (CWG)-Infosys Summit on Tomorrow’s
Banking Today: A Multichannel Paradigm in Lagos.
Mr. Rao who was accompanied at the press session by the
Group Managing Director, CWG, Mr. Austin Group, attributed the outcome to a
successful partnership with Computer Warehouse Group (CWG).
He therefore commended the management of CWG for its
steadfastness in driving deployment of Finacle solution in Africa and Nigerian
market particularly.
He reiterated that Infosys is working hard to ensure that it
plays at the forefront of this mobile banking solution technology.
He buttressed his point by saying that after China and India
follows Facebook as literally are the largest populated three ‘nations’
globally.
What this tells us, he pointed out, is that the way things
are done is changing, hence, the cost of taking banking services is drastically
reducing, therefore within some little time and competition continue to evolve
this cost would continue to come down.
He expressed optimized that in Nigeria Infosys has seen that
banking and financial institutions will continue to have a change for good by
adapting to these technologies.
Also speaking, the Group Managing Director, CWG, Mr. Austin
Okere, said they were excited to have chosen to partner with Infosys, adding
that this step changed the future of Computer Warehouse Group and Nigerian
banking sector.
“… Our vision changed when we met with Infosys. We have gone
from banking solution and unto Finacle deployment,” he said.
In Nigeria, he said, Finacle has been deployed in nine banks
and five non-banking institutions out of the 22 banks currently listed by the
Central Bank of Nigeria (CBN).
“We have 9 banks and 5 non-banking institutions and this
figure, 9 out of the 22 banks is not a bad business knowing that we are not the
only one in the marketing,” Okere assured.
He explained that Computer Warehouse Group deploys Finacle
with its customers rather than for them, this step, Okere said, is to ensure
that they continued to give good services to the customers and giving them
value for their money.
According to him, CWG trains about 20 employees of any
institution deploying Finacle for 45 days at Infosys campus in India, to make
way for cross-bred exposure comprising core Information Technology (IT) staff,
treasury and marketers from those institutions.
Aside this, he said, there is customer-based customization
as well as banks and country based customization respectively.
He maintained that banks in search of applications first
look at Finacle, which gladdens his firm.
Okere, however, noted that key challenge to the deployment
of solution application like Finacle in this market is the fact that of
manpower deficiency, due to labour market movements and search for greener
pastures.
Remmy Nweke
ITREALMS Online ... delivering news for ICT4D
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