Bunna selects Infosys as its core banking solution provider

Addis Ababa, Ethiopia - Bunna International Bank (BIB) announced the selection of Finacle core banking solution, from Infosys, last Thursday for an undisclosed sum. The software will enable the bank to integrate its front and back office operations by deploying a state-of-the-art loan organisation system.

This will include automating the credit check and loan approval processes for risk-free and efficient loan disbursement. This is the first time Infosys, an Indian financial service technology firm, won a bid to automate banking services in Ethiopia.

“The event is historic because the selection of a technology partner in banking is a make or break event. Some even liken it to a choice in marriage. One misstep has far reaching consequences on the growth of a bank,” said Eshetu Fantaye, President of BIB.
Infosys Finacle software is being used by more than 80 banks globally, out of which 25 are in Africa. Bunna will be the 25th bank to operate using this software. The core banking solution will ensure faster processing of front and back office requests by improving turnaround time of customers. Read more