Emirates NBD, one of the leading banks in the region, continues to receive industry recognition for its leadership in digital innovation, winning three awards at the Infosys Finacle Client Innovation Awards 2019.
The awards recognise Emirates NBD’s best in-class capabilities in cloud innovation, API architecture and financial platforms.
The firm won ‘Best API-led innovation’ for its ‘Bawaba’ initiative to build a comprehensive ‘Banking-as-a-Service’ platform. This included launching a dedicated API initiative in 2018, as part of a wider ambition to make cloud an integral part of the enterprise’s landscape. In just 10 months, over 250 APIs have been built independently by Emirates NBD with an ambition to build over 600 by the end of 2020.
Additionally, Emirates NBD received two runner-up awards from Infosys Finacle. In the Accelerated Transformation category, Emirates NBD was recognised for its ‘Core Consolidation program.’ This three-year Finacle initiative will see all Emirates NBD entities and markets consolidated onto one, updated version of Finacle by 2020.
An additional runner-up award was received in the Process Innovation category, following Emirates NBD’s introduction of a comprehensive VAT implementation program. Delivered in just three-months and leveraging Finacle capabilities, it ensured a smooth facilitation of all VAT requirements for customers following the UAE’s introduction of VAT last year.
“Emirates NBD is proud to receive these awards from Infosys Finacle,” said Abdulla Qassem, Group Chief Operating Officer at Emirates NBD.
“This reflects the continued success of the bank’s digitisation agenda and our steadfast commitment to continuously improving our IT applications, architecture and cloud capabilities to drive internal IT agility and operational efficiency, while providing the best digital innovation for our customers.”
