Guaranty Trust Bank Moves To Digital Odyssey

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Guaranty Trust Bank (GTBank) has made a game-changing move by partnering with Infosys Finacle to revolutionize digital banking across Africa and Europe. This collaboration is set to bring about significant advancements in the banking sector, offering customers a more seamless and efficient banking experience.

The rationale behind the choice
GTBank’s selection of Finacle was driven by the latter’s proven track record and comprehensive range of solutions for retail, wealth, and corporate banking. This strategic move will empower GTBank to revolutionize its operations across Nigeria and expand its reach to 10 other markets across Africa and Europe.

Segun Agbaje, the Group CEO at Guaranty Trust Holding Company, articulates the strategic intent, stating, “We are delighted to be working with Infosys Finacle to create a superior, agile, and scalable core banking system that supports our vision of delivering seamless and connected experiences across every customer touchpoint. As an organisation, we have always held that the future of banking is digital, largely driven by technology and customers’ preference for secure, convenient, and reliable channels. This is the thinking behind our innovation drive and history of firsts, offering best-in-class financial services across Africa. Infosys Finacle’s digital solutions will significantly transform our operations and facilitate our push towards more innovative, responsive banking.”

Venkatramana Gosavi, Senior Vice President and Global Head of Sales at Infosys Finacle, resonates with this sentiment. “Our collaboration with Guaranty Trust Bank is a testament to our deep commitment to helping financial institutions propel and scale their digital transformation journeys and help them navigate their future with cutting-edge technology. We are confident that our advanced solution suites will enable Guaranty Trust Bank to inspire better banking experiences for millions of customers and businesses the bank supports while strengthening its position as one of the best banks in the region.”

Transformational benefits
By integrating Finacle’s diverse array of solutions, GTBank anticipates:

  • A holistic overhaul of its retail and corporate banking
  • A shift towards a more adaptable and integrative financial institution, leveraging Finacle’s cloud-native and open API-driven platform
  • Acquiring a resilient and scalable solution, resulting in decreased operational costs, thanks to overarching digital integration and automation

With GTBank’s strong presence in Nigeria and Infosys Finacle’s expertise in digital banking solutions, this partnership has the potential to transform the way people bank in these regions.

By leveraging technology and innovation, GTBank and Infosys Finacle aim to enhance financial inclusion and empower individuals and businesses with convenient and secure banking services.

This strategic alliance is a testament to GTBank’s commitment to staying at the forefront of digital transformation and driving financial growth in Africa and Europe.

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