BBVA is to implement the Finacle Universal Banking Solution. The bank, which has signed a global agreement with Finacle, will start the transformation exercise in BBVA Banco (Paraguay) by leveraging Finacles agile new generation technology.
BBVA will implement Finacle core banking, CRM, treasury and wealth management applications.
In 2007, BBVA began an innovation and transformation journey to fuel growth and expand current offerings. As a strategic imperative, the bank decided to replace legacy applications with a new one. The selection process focused on acquiring a new generation platform to support the banks crucial objectives on client-centricity, growth and time-to-market for business related changes.
BBVA evaluated several technology applications and finally chose Finacle Universal Banking Solution from Infosys. With the transformation and innovation plan launched in 2007, BBVA also aims to further improve cost efficiencies and productivity.
“Our aim is to transform BBVA to a winner player in the global banking industry of the 21st century. We need to think different approaches to customers, and IT is a key element in our innovative business model. BBVA is strongly committed to its innovation and transformation plan, and the partnership with Infosys and Finacle is a big step in that way. We like to work with the best partners and Infosys is a very strong global partner,” says Francisco Gonzalez, chairman and CEO, BBVA.
“We are delighted to partner with BBVA for this strategic project. This partnership has once again reinforced Finacles global leadership and its superior value proposition to large banks around the world. Finacle combined with the comprehensive services offering from Infosys will offer a truly differentiating proposition to BBVA to achieve their global transformation objective,” says Nandan Nilekani, co-chairman, Infosys Technologies Ltd.