Innovative Ethiopian bank onboards Profinch for a unified FCUBS + OBDX implementation + Migration + BPEL workflow project.
Digital Banking Core Banking
The client is a prominent bank in Ethiopia with over 300 branches and an enormous customer base. Founded more than 20 years ago, the bank has made notable contributions to shaping the banking landscape in the country. With technology invading and modernizing every industry, it was important for the bank to initiate its own digital transformation to keep pace and continue to offer the best of banking experiences.
The client was looking at extending digital banking services to its customers through deployment of Oracle’s Digital Banking Suite. With its massive scale and reach, it was important for the client to partner with a company with proven expertise, not just with the product but also its implementation in the specific region. The client also had taut implementation timelines and required multiple integrations. After several rounds of discussion, Profinch was chosen as the implementation partner.
The scope of project was finalized as per below
The implementation was successfully completed and the client digitally capacitated in the stipulated timeline.
Digital enablement project for the banking goliath was a challenging yet seamless implementation. The bank has been able to reposition itself as the bank for modern times with a whole array of digital offerings and conveniences for the customers. With a notable increase in revenue from being able to retain older customers and acquire new ones, the bank is prepared to meet challenges of the future.