Thursday 9 April 2015

INFORMATION ON FINACLE




FINACLE

Finacle from Wikipedia, the free encyclopedia is a core banking software package developed by Indian technology corporation Infosys. It is used by multiple banks across several countries among which is Nigeria, it can handle multi-currency transactions.

In addition to the core banking, finacle also perform other financial and banking needs which includes: CRM Solution, e-Banking Solution, Treasury Solution, Wealth Management Solution, Direct Banking Solution, Mobile Banking Solution, Rural Banking Solution, Inclusion Solution, Alerts Solution, Digital Commerce Solution, Operational Data Store, Catalog Solution, Payments Solution, Liquidity Management Solution e.t.c

WHO ARE THE DEVELOPERS OF FINACLE

According to Wikipedia, the free encyclopedia:
Original author(s)                    Infosys
Developer(s                            Infosys
Initial release                          1999
Stable release                        10.2.09 / November 1, 2011; 4 years ago
Development status                Active
Written in                               Java, C/C + +
Operating system                   Cross-platform
Type                                      Banking Software
License                                  Commercial
Website                                 www.infosys.com/finacle

FINACLE IN NIGERIA
Finacle is the latest generation of banking applications developed by Infosys form india, the world’s leading developer of banking applications.

According to The CEO, UBA Africa, Mr. Kennedy Uzoka in Punch Newspaper dated April 9, 2015. He Said “The system will enhance our multi-country operations by facilitating new levels of process integration across our diverse African footprint spanning 19 African countries, enable rapid innovation and expand our capacity to offer a comprehensive set of products to meet the specific requirements of different segments of our diverse customer base.”

According to him, the new platform will improve all segments of the bank’s operations including; retail, trade and corporate banking, deposits and loans management, product development and enhance customer information management.

The Director, Group Information Technology, UBA, Mr. Rasheed Adegoke, said “Innovation and cutting edge technology will continue to shape banking operations in the increasingly competitive banking industry.

“Our new IT platform will enable us to be at the forefront of innovation and efficiency in the banking industry, and position UBA for global competitiveness.”

The bank, however, warned its customers to watch out for ‘phishing emails’, stating that it would never contact customers by e-mail to change or confirm their data.

The lender urged its clients not to respond to e-mails purportedly from the UBA requesting the confirmation of their bank details.


I think Nigeria is getting to the era of high information communication technology, this implies that all need to develop him/herself to gain access to all the latest information. Stay connected…

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