Thursday, 19 December 2024
Emirates NBD and Infosys Finacle win Best Core Banking Technology Implementation in the Middle East Award for rationalising processes and cost through use of agile technology 2020
- Emirates NBD collaborated with Infosys Finacle to standardise the bank’s seven country operations
- The solution benefits from an agile technology stack and framework
- The application landscape is unified into a single version
5 November 2020, Singapore — Emirates NBD and its technology partner Infosys Finacle received the award for Best Core Banking Technology Implementation in the Middle East at The Asian Banker Middle East and Africa Regional Awards Virtual Ceremony 2020.
Emirates NBD collaborated with Infosys Finacle to standardise the bank’s seven country operations
The partnership between Infosys Finacle and Emirates NBD allowed the bank to lower total cost of ownership and time to market. Finacle infrastructure was provisioned using an IaaS model to facilitate quick turnaround of project demands related to infrastructure and to enhance the scalability and resilience. The operational processes were standardised to allow all users to enjoy the same experience such as secure layered network zoning and a web application firewall. It also provided a robust security and protection against data loss. The bank consolidated systems across Singapore, London, South Africa, and Dubai operations.
The solution benefits from an agile technology stack and framework
The implementation leveraged a scaled agile framework and concepts such as ‘Just in Time’ and ‘Lean.’ This approach shortened project timelines by allowing development to start early and for execution and testing to proceed in parallel. Automated functional testing ensured adequate coverage of business processes as well as thorough use case testing.
The application landscape is unified into a single version
Through the implementation, all the functionalities in the bank were rationalised and standardised. The bank’s corresponding process and parameters were aligned accordingly. This has reduced the number of customisation components by 75% of the existing landscape across seven entities leading to reduced cost of maintenance.
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