Community Bank Bangladesh Limited has been recognized as the winner of globally acclaimed Infosys-Finacle Client Innovation Awards2020 in Transformation Excellence category for achieving Digital Transformation in just 48 days.
According to a press release issued on Saturday, the bank partnered with Edgeverve-Infosys to offer cutting-edge banking solutions to its customers.
Last year the bank implemented its Core Banking Solution (CBS) project in just 48 days without any foreign travel or associated costs. This greenfield CBS implementation took only 48 days to go live and the bank could proficiently onboard around 0.2 million customers during its inception.
The platform is now serving smoothly in a stable environment upto 200,000 active customers across 64 districts in 24 hours. Community Bank will complete its first year of operations this September. It also offers Community Cash, a mobile banking app, where the active client base is 60,000 and adding 10,000 each month.
Commenting on this Mr. Masihul Huq Chowdhury, managing director & chief executive officer (CEO) of Community Bank said, "We are delighted to receive the Infosys-Finacle Client Innovation Award for Transformation Excellence and I congratulate the project implementation team including our partners: Edgeverve, BBSSL and ITCL for this achievement. This accolade will definitely encourage us to offer more innovative banking services in coming days."