Mongolia's Golomt Bank selects Infosys Finacle

Golomt Bank, Mongolia's largest private banking and financial services provider, has selected Infosys' core banking software solution Finacle to power its technology transformation.

The bank is looking to adapt to a rapidly changing business environment in Central Asia and manage its expanding customer base, city-headquartered Infosys said in a release.

Finacle was chosen to advance its infrastructure scalability and to support the large range of functionality the bank required, it said.

Finacle will modernise retail and commercial banking services across the bank's 85 branches.

It will also support Golomt Bank's ambitious growth plans of adding 50 new branches in the next three years, it said.