Thu, 03 September 2020
The National Bank of Bahrain (NBB) has entered a partnership agreement with Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NYSE: INFY), to adopt the Finacle Cash Management Suite, which will allow the Bank to digitally transform its transaction banking business.
The adoption of the suite will allow the bank to offer a comprehensive range of services to corporate customers, while providing them with access to a range of digital cash management services, such as self-service mode and the ability to streamline payments. This new development will also enable NBB to manage customer preferences and entitlements more effectively across channels.
“The front-to-back integrated cash management solution from Infosys Finacle will help deliver a world-class banking experience to our corporate and institutional customers, thereby driving the growth of our transaction banking business even further,” said NBB Corporate and Institutional Investment Banking, Hisham Al Kurdi.
The new update will further streamline corporate customer payments, help manage liquidity and minimise financial risks.