Infosys Secures Nigeria's GT Bank Digital Transformation Deal By CIOTechOutlook Team

Infosys Secures Nigeria's GT Bank Digital Transformation Deal

CIOTechOutlook Team | Friday, 22 September 2023, 02:47 IST

Guaranty Trust Bank (GTBank), a banking subsidiary of Guaranty Trust Holding Company Plc in Nigeria, has chosen the Finacle digital banking solution for its multi-country digital transformation program. Overall, the Finacle solutions suite will provide GTBank with a secure and scalable solution that will allow it to easily fulfill ongoing modernization and business expansion demands while ensuring a "significantly" lower overall cost of operations, according to the company.

The size and tenure of the deal was not disclosed. The lender will achieve transformation of its business across its home operations in Nigeria as well as in 10 other markets across Africa and Europe, as per economic times.

“As an organisation, we have always held that the future of banking is digital, largely driven by technology and customers’ preference for secure, convenient, and reliable channels. This is the thinking behind our innovation drive and history of firsts, offering best-in-class financial services across Africa. Infosys Finacle’s digital solutions will significantly transform our operations and facilitate our push towards more innovative, responsive banking,” said Segun Agbaje, group CEO at Guaranty Trust Holding.

Infosys Limited is a global Indian information technology corporation that specializes in business consulting, information technology, and outsourcing. The company was established in Pune and has its headquarters in Bangalore.