JMR Infotech wins core banking deal from two Banks

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Kozhikode: JMR Infotech, a technology solutions and services provider, has announced that ST Bank, Laos and Azizi Bank, the second largest commercial bank in Afghanistan, have selected the company as a strategic partner to deliver a new core banking system. JMR Infotech will implement Oracle FLEXCUBE Universal Banking at these banks replacing its legacy system.

By implementing a new-generation core banking solution, ST Bank plans to optimize its operational efficiency, profitability and growth. With Oracle FLEXCUBE, ST Bank hopes to provide superior customer experience with faster delivery of new and agile products and services and secure feature-rich banking channels such as mobile and internet banking. Oracle FLEXCUBE will provide ST Bank with the ability to improve business intelligence and decision support, provide better cross-sell and up-sell opportunities and reduce operating costs with ease of IT management.

As part of the deal, JMR will also implement Oracle Banking Digital Experience for internet banking and mobile banking. JMR Infotech will provide Oracle Hardware and Technology required for the core banking and digital banking solutions. Additionally, ST Bank has also procured two of JMR products namely JMR End of Day Management System and Genie De Banca to increase operational efficiency.

At Azizi Bank, JMR Infotech will also implement Oracle FLEXCUBE Direct Banking solution. The implementation will enable the Bank in several key areas such as new product offerings across conventional and Islamic Banking, internet banking and cost effective operations.

In a statement, Jayafar Moidu, CEO of JMR Infotech said, “We are glad to partner with ST Bank to help them anchor their IT landscape on a future-proof platform that would help them enhance their performance and meet their growth objectives. We are also delighted that Azizi bank has selected JMR Infotech as technology partner to help them in their strategic transformation project. This deployment will provide Azizi Bank with a robust platform to support their strategic growth plans.”

Ratish Panicker, President – Global Sales & Business Development at JMR Infotech said, “This technology transformation would help these Banks to strengthen its market position as a provider of state-of-the-art banking services, drive incremental sales and also launch innovative banking products.

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