Monday, June 29, 2015

Associated Discount House joins Finacle 10 train

The Associated Discount House (ADH) has joined the army of banking operations using Finacle 10 core banking application in a bid to improve efficiency and customer experience, reports ITRealms.

The migration of ADH, ITRealms report was made possible by the Computer Warehouse Group (CWG) Plc, the official Finacle distributor and product support service provider in West Africa region.

ITRealms also reports that Finacle core banking solutions are designed to help financial institutions improve their business processes as well as defend them against systemic fraud, thus providing a comprehensive, integrated, yet modular and agile approach to core banking that addresses banks’ sophisticated needs in easy-to-configure modules that solve their unique problems while providing high-performance infrastructure that scales with their needs.

The Chief Executive Officer, Associated Discount House Ltd, recently approved merchant banking operation, Mr. Abubakar Jimoh said that the migration was necessitated by the institution’s aim at providing a robust banking platform to drive its expanded suite of services and business operation as well as support its commitment to the achievement of excellent service delivery in the industry. 

“To attain this objective, we believe Finacle 10.2.16 which is currently the highest version of Finacle is a viable option relying on the strong support of Computer Warehouse Group Plc,” he said.

Founder and Chief Executive Officer, CWG Plc, Mr. Austin Okere, noted that business innovation is key for any institution to survive. Stressing, “In this age of aggressive competition, banks must concentrate on attracting new customers and retaining old ones using the tool of excellent service delivery as well as reduce their cost of operations. In offering Finacle 10 solutions, we have empowered ADH to do both.”

With this upgrade, he explained that ADH now has to leverage upon so as to improve their business processes, handle high transaction volumes, manage ever-increasing customer expectations and boost their overall output at the same time.

“It is indeed another unique opportunity for us to show the difference technology can make when integrated into day-to-day business process,” Okere explained.

ITRealms recalls that ADH adds to CWG’s record of providing business enabling solutions and infrastructure to the financial sector over the past two decades, even as CWG recently powered the migration of United Bank for Africa (UBA) to the Finacle 10X banking software in a bid to ensure the delivery of quick, efficient and secure services to customers via the banks’ e-Platforms, a feat she had achieved with First Bank, Mainstreet and Heritage Banks in the recent past.

An estimated 55 per cent of Nigerian banks run on the Finacle-core banking application provided by CWG Plc and her partner, Infosys, and fully deployed and supported by CWG Plc.
+Remmy Nweke (ITRealms)  

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