Community Bank Bangladesh goes live on Infosys Finacle in 48 days
Community Bank Bangladesh has gone live on Infosys Finacle, following an implementation period of just 48 days.
The bank is part of a new cohort of banks in the country. Founded in 2019, it is wholly owned by the Bangladesh Police Welfare Trust, which applied for a licence to launch a bank in October 2018.
“As a new bank in a mature banking landscape, our focus is to leverage a digital-first strategy to provide reliable, high quality financial services to our customers,” says Masihul Chowdhury, CEO and managing director of the bank.
“Infosys Finacle has strong solution credentials, a proven track record of empowering leading banks in Bangladesh, and experience of working with global financial institutions.”
According to Infosys, the bank is now enabled for “massive scalability at minimal cost” and can onboard new customers and open accounts within 15 minutes.
Community Bank has so far onboarded more than 200,000 new accounts in two months.