Infosys(Infosys LTD is an Indian multinational corporation that provides business csulting,information technology,software consulting,information technology,software engineering and outsourcing srevices) is providing banking solutions to Philippines-based Bank of Makati,infosy said.
Bank of Makati is built on more than 50 years of experience in community banking.since its founding in july 1956,it has helped countless fillipino savers and entrepreneurs achieve their their dreams.In October 2001,it gained stronger capablity with the coming in of new shareholders,a new management and bigger capitalization.Bank of Makati recently transtioned into a savings bank.Bank of Makati recently transformed into a saving bank.
Infosys sais in a statement that Bank of Makati has implemented Infosys Finale core banking solution to transform custmer experience and drive growth at reduced costs.It help BMI(Bank of Makati) to improve bsiness,housing loan products and also aggressively expand its customer base and loan volumes.It also help to acquire business from the large pool of motorcycle loan borrowers by issuing special ATM card.
The transformation from the old legacy system to the Infsys Finale Core Banking solution start in september 2013 and result seen at june 1,2014.
The transformation help to reduced clearing processing ,improves automation and operational efficiency in daily transactions.It also help in reducing processing time of record-keeping,end-of-day processing of transactions,clearing,settlement and reconciliation.
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