core banking

The client is a pioneer of multi-channel banking in Ethiopia offering a wide range of banking services through the varied channels. The bank extensively employs technology to offer the best-in-class banking conveniences to a broad array of customers.

CHALLENGE ON HAND

The client was looking at strengthening its technology base by implementing Flexcube as Core Banking system. It was intent on partnering with a company that came with extensive experience and expertise in implementation and tech upgradation. The bank decided to go-ahead with Profinch after being convinced of the delivery and team capabilities.
 
 

PROJECT SCOPE

The scope of the project was finalized as per below
Tech Upgradation from 11.1 to 12.4
Implementation of Flexcube 12.4 across Core, CASA, TD, SI, FT, Trade Finance, FX and Consumer Lending
 

HIGHLIGHTS

The project was successfully completed in the agreed timelines and a seamless handover achieved such that the client team was promptly hands-on with using the modules.
01
core banking
Loan Harmonization achieved – has helped the bank achieve its objectives.
02
core banking
Integration with 3rd party applications – ATM, Switch and CTS achieved – helped the bank bring in more efficiencies and extend value to its customers.
03
core banking
GL, loan and customer type clean-up accomplished in Flexcube 11.1 before migration – helped the bank eliminate errors, duplications and inconsistencies.

CONCLUSION

Working with a client passionate about fintech and its manifold possibilities was a great learning experience for Profinch team. FLEXCUBE implementation has helped the client singularly enhance efficiencies, streamline processes and deliver superior customer experiences. A robust CBS has also imparted future-readiness as the client’s system is now equipped to integrate with new add-on technologies.