Ayeyawaddy Farmers Development Bank in Myanmar Selects Infosys Finacle to Drive Innovation and Growth

Yangon and Bengaluru – June 18, 2018: Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NYSE: INFY), and Ayeyawaddy Farmers Development Bank, widely known as A Bank, a leading commercial bank in Myanmar, today announced the bank’s decision to adopt Finacle solution suite to power the bank’s digital transformation. With Finacle, the bank aims to drive growth and innovation through state–of-the-art banking services and an enriched product portfolio.

 

<A Bank spokesperson>, A Bank Ltd. said, “At A Bank, we are committed to delivering innovative products and services to our customers, and maintaining a high level of service quality and convenience.

We recognize today’s challenges and opportunities, and our collaboration with a leading technology expert like Infosys Finacle is essential for us to stay ahead of the curve in Myanmar. We selected Infosys Finacle for their strong solution credentials, proven track record and experience of working with leading financial institutions across the world. We believe that the adoption of the Finacle suite of solutions will support us in delivering a world-class banking experience to our customers.”

 

About Ayeyawaddy Farmers Development Bank

Ayeyawaddy Farmers Development Bank, widely known as A bank, a public company limited was formed on December 22nd, 2014 under the 3/2014 Financial Law ratified on July 30th, 2014 by the Central Bank of Myanmar. A bank is running nationwide commercial banking operations under licenses authorized by Central Bank of Myanmar. A bank was formed by a set of companies specialized in agriculture businesses throughout the supply chain. http://www.abank.com.mm