Profinch Secures Significant Deal with Centenary Bank in Uganda!

[Kampala, 10th June 2024] – Profinch Solutions is thrilled to announce the successful closure of a significant deal with Centenary Bank in Uganda, marking a monumental milestone for the company in the region. This partnership signifies a breakthrough opportunity for Profinch Solutions in Uganda and stands as the largest deal secured in East Africa to date.

Centenary Bank, Uganda’s leading commercial bank, holds a pivotal position as a major financial services provider dedicated to driving development through various financial avenues. With a focus on empowering rural farmers, small traders, manufacturers, and other key stakeholders, Centenary Bank has emerged as a cornerstone of economic growth in Uganda. Boasting a customer base of 5 million, the bank continues to expand its reach and impact across the nation.

In pursuit of enhancing its banking infrastructure and services, Centenary Bank sought a robust core banking system to streamline its operations and elevate customer experience. After careful consideration and rigorous evaluation, Profinch Solutions emerged as the preferred partner, surpassing Tier 1 competitors such as Temenos and Finacle both technically and during negotiations.

Profinch Solutions offered a comprehensive solution tailored to meet Centenary Bank’s diverse needs, including core banking system requirements, financial crime prevention, and compliance. After extensive negotiations, Profinch Solutions successfully secured a turnkey deal with Centenary Bank to implement the Oracle Flexcube Core Banking System, Oracle Financial Crime & Compliance solutions, and provide two years of managed services support.

“This collaboration underscores our commitment to delivering innovative and tailored solutions that empower financial institutions to thrive in an ever-evolving landscape.” –  said Amrit Biswas, SVP, at Profinch Solutions. 

The partnership between Profinch Solutions and Centenary Bank exemplifies a shared vision of driving financial inclusion and innovation in Uganda. Together, we are poised to revolutionize the banking experience and catalyze growth across the region.

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