Bunna Bank Partners With Finacle

Bunna International Bank has announced the selection of Finacle core banking solution from Infosys for its transformation journey. Finacle will enable the bank to integrate its front and back office operations and deploy a state-of-the-art loan origination system. This transformation will help Bunna to improve the overall banking experience for its customers. 

Finacle will also complement the bank’s aggressive growth plans, which involves doubling its network to 35 branches within the financial year. With this solution, the bank will also be able to bring to market targeted and innovative services faster than ever before. Using Finacle will allow Bunna to facilitate real-time processing of transactions and settlements of payments, which sets the stage for future innovations like mobile wallets and agency banking.

“We have always believed that technology delivers a competitive edge in banking,” the President of Bunna, AtoEshetuFantaye, said. “Finacle gives us the flexibility we need to grow. This new solution, which will be implemented in a relatively short period, is the key to helping us become far and away the best bank in Ethiopia.”

Amit Dua, Associate Vice President and Head - Client Services EMEA, Finacle, Infosys, said “As a forward-looking bank, Bunna has rightly chosen to leverage technology to power business transformation and growth. Finacle is the technology platform that can serve as an effective foundation for Bunna and other banks in Ethiopia as they find ways to engage more consumers.”