Bunna Bank Share Company has been awarded a transformation excellence award in the 7th edition of Infosys Finacle Innovation Award 2021 edition for its encouraging performance in core banking services.
The award has been received by Mulugeta Alemayehu, CEO of Bunna Bank.
Close to 270 nominations were received from 50 banks globally, across ten award categories. Accordingly, around 270 financial institutions were part of the competition and Bunna Bank has received the award by taking second rank for its core banking services.
Infosys Finacle Innovation Awards 2021 recognized initiatives that impacted banking business across award categories of product innovation, channel innovation, corporate banking digitization, ecosystem-led innovation, process innovation, and transformation excellence, among others.
Commenting on the innovations nominated for the awards program, Sanat Rao, Chief Business Officer and Global Head, Infosys Finacle, said: “We are living in times of unprecedented change— an era that demands relentless customer-centric innovation to stay competitive and relevant firm”.
“The Covid-19 pandemic has further pushed the situation into overdrive forcing banks to embrace innovative business models, drive customer-centric value streams, and scale organizational capabilities for the digital era,” he added.