Infosys Finacle, a subsidiary of Infosys and Zand Bank, UAE’s first digital-only bank, have announced a strategic collaboration to elevate Zand’s corporate banking services through the adoption of Infosys Finacle’s cutting-edge solutions suite. The deployment of these advanced cloud-native solutions, powered by Microsoft Azure, underscores Zand’s dedication to providing a futuristic banking experience enriched with AI and predictive analytics.

At a signing ceremony held at the bank headquarters in Dubai, UAE, key executives from both organizations expressed their commitment to technological advancement and customer-centric innovation. Michael Chan, CEO of Zand, highlighted the significance of this collaboration, stating, “We are delighted to announce our adoption of the Finacle modular core banking system. This strategic move empowers us to fortify our position at the forefront of innovation, enabling seamless deployment of digital assets, AI, and blockchain technologies. Embracing the future, we are poised to redefine banking experiences and drive unparalleled value for our customers.”

The partnership with Infosys Finacle equips Zand with a range of technological capabilities aimed at enhancing operational efficiency, scalability, and customer satisfaction. Key highlights of Zand’s technological advancement include:

• The Finacle Corporate Banking Solution Suite’s modular framework and extensive suite of features, including Open APIs, accelerate the launch of innovative services, supporting Zand’s commitment to continuous innovation and customer delight.
• The cloud-native strategy aligns with Zand’s objectives, delivering exceptional performance, flexible scalability, and improved operational efficiency.
• Infosys Finacle empowers Zand to assimilate and process vast data sets, enabling partnerships with sophisticated analytics platforms to offer cutting-edge services to customers.
• Zand leverages Infosys Finacle to integrate emergent technologies like AI, blockchain, and digital asset management, positioning itself at the industry’s cutting edge.

Sajit Vijayakumar, Chief Business Officer of Infosys Finacle, emphasized the transformative potential of digital banking in the corporate sector, stating, “A digital revolution is shaking up the corporate banking sector, paving the way for modern, customer-centric models. We are delighted that Zand, as a trailblazer in this domain, has chosen Infosys Finacle for their ambitious project to redefine corporate banking excellence.”

The collaboration between Zand Bank and Infosys Finacle signifies a significant stride towards innovation and customer-centric banking services, marking a new era of technological sophistication and operational excellence in the UAE’s banking landscape.