Uzbekistan’s People’s Bank selects Fusion Risk from Finastra
Uzbekistan-based People’s Bank has selected Finastra and its Fusion Risk solution.
Finastra partners, local fintech FinExtra Group, and IT solution developer Neoflex, are carrying out the implementation.
The vendor says its system will enable People’s Bank to automate the bank’s risk management business. It adds that the bank can become more efficient, whilst managing all types of risk including credit.
“Finastra has a tightly integrated, best-in-suite product range,” says Farkhod Salamov, chairman of People’s Bank.
“It’s important that we can deploy a solution that integrates easily with our existing core banking system.”
A key factor in the selection for the bank involved the ability to work with local partners, he adds.
“The tight collaboration between Finastra, the local partners and ourselves will be essential as we roll-out the new functionality across the bank over the coming months.”
Wissam Khoury, senior vice president and general manager for Asia Pacific, and Middle East and Africa at Finastra, agrees.
“Working with the teams of experts from Neoflex and FinExtra Group, who are experienced in implementing complex information systems, means that we are able to implement a global solution that is tailored to the local requirements of Uzbekistan.”