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CWG Explains Its Migration to Finacle Cloud Option

chike onwuegbuchi

CWG Plc, said it decided to migrate to the Finacle Cloud option because it’s a one stop solution that addresses challenges around banking, infrastructure and operational support, even as the solution opens new field opportunities for growth, profitability and enhancing consumer experience.

Henry Erigha, CWG’s senior manager, Financial/SME, stated this while speaking on the benefits of deploying Finacle cloud solution to Nigerian banks at the company’s corporate headquarter in Lagos.

According to Henry, the Finacle Cloud has proven to be a cutting edge software, where banks and other financial institutions can have the same suite of Finacle running on the cloud with little or no additional cost.

“The advantage of the Finacle Cloud to most financial organization is that those who do not have the capacity to roll out huge CAPEX for infrastructure support for their customers can quickly migrate to the cloud at little or no extra cost, but enjoys the same benefits,” he said.

He explained that there is flexibility around the solution, whereby SMEs like Microfinance banks who are looking at running their operation with the solution, can have it without much stress.

He noted that banks need to view the cloud as an enabler of new business model rather than a technology, and evaluate its utility based on the value it delivers to all stakeholders.

The Finacle banking software has proven to be the most scalable banking platform in the world, addressing the requirements of core banking, e-banking, mobile banking, customer relationship management, payments, treasury, origination, liquidity management and wealth management for retail and corporate banks.

CWG Plc, the Pan-African IT Company has in the past fifteen years remained the preferred Infosys partner for West Africa and has deployed the Finacle banking solution to nine commercial banks in Nigeria.

The company has also leveraged the partnership with Infosys to transfer some knowledge to another generation within the CWG’s family.

Meaning, in the span of 25 years as a business, CWG has involved everything from software, backend support and managed services.