Infosys bags Saudi deal for Islamic banking
| Infosys has won its first contract from a Saudi bank for its Islamic banking solution. |
| Merwin Fernandes, VP and business head for Infosys’ banking solution Finacle, said talks were at advanced stages with at least three Gulf-based banks for its core banking solution.
"Saudi Arabia’s Arab National Bank is our first customer for the Islamic banking solution that is currently under development. We are seeing a favourable response from several banks in the Gulf and Middle East and expect more customers," Fernandes told a local news channel today. The full-fledged Islamic banking solution is part of the Finacle core banking solution, which will be ready in early 2008. Infosys also has an on-going contract with Egypt’s Bank of Alexandria and support centres in Egypt and Saudi Arabia. |
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Comment by baba darame — January 8, 2008 @ 5:59 pm