Infosys deploys e-banking solution for Al Hilal Bank

New solution will enable the bank to provide a full range of Internet banking services to its corporate customers

Country's second largest software services firm Infosys today said it has implemented its Finacle e-banking solution at UAE-based Al Hilal Bank.

The new solution will enable Al Hilal to provide a full range of Internet banking services to its corporate customers in an intelligent and seamless manner, without compromising security, Infosys said in a statement.

"The Infosys Finacle e-banking platform enables us to provide a customised, multi-channel experience for our corporate customers," Al Hilal Bank Group CEO Mohammed Jamil Berro said.

"This new and secure internet banking capability is a reflection of our continued focus on making banking as convenient, as technology-enabled and as cost effective as possible for our valued customers," he added.

Some of the key corporate banking activities supported by the solution are account services, transfers, bulk payments, file upload for transactions, beneficiary management, and advanced reporting.

It also features enhanced security such as two-factor authentication, transaction signing, and one-time passwords.

Infosys VP and Regional Head Growth Markets - Finacle Venkatramana Gosavi said: "Corporate banking customers demand real-time, holistic views of their balances across the group so that their liquidity positions can be effectively identified and optimised.

"By leveraging the Finacle platform, Al Hilal Bank has improved how it interacts, serves and markets to its corporate customers.