NTB-powered FriMi wins at Infosys Client Innovation Awards

FriMi, the digital bank and lifestyle partner powered by Nations Trust Bank (NTB), has won the award for Emerging Technologies-Led Innovation at the recently concluded Infosys Client Innovation Awards, held in Mysore, India. 

FriMi is the first digital bank in Sri Lanka and allows new users to open interest earning accounts directly from their smartphones, with no visit to a bank. It is also a digital payments and marketing platform, allowing users to pay for products and services at merchants and receive special offers. 

Finacle is a core banking product developed by Infosys Limited of India and serves diverse clients all over the world. The Infosys Client Innovation Awards, now in its fourth year running, seeks to recognize and celebrate the most innovative uses of the Finacle core banking solution by clients across eight categories, which include: Product Innovation, Channels Innovation, Customer Service Innovation, Process Innovation, Innovative Custom Components, Project Management, API-based Innovations and Emerging Technologies-Led Innovation, the category in which FriMi was declared the winner. NTB COO Tilak Piyadigama and CIO Nisala Kodippili and two of the key personalities behind the development of FriMi shared their collective views on winning this prestigious award: “We are thrilled and feel a real sense of accomplishment for the bank. Nisala was there to receive the award so he got to experience the glitz and glamour of it first-hand. 

The Infosys Finacle Client Innovation Awards is a massive event involving 350 participants from all over the world. In fact, we were chosen as the winner from among 160 nominations. Winning in that environment, particularly with FriMi being so young and having had our accomplishments reviewed by panels of global experts makes us feel very proud of all the effort we have put it in and grateful to have been recognized. Our tight integration with Finacle core banking solutions and out of the box use of the platform including the implementation of built-in biometric authentication support, which is a first for Sri Lanka, along with FriMi’s vision, scalability and use case scenarios all contributed towards our victory.”