The First MicroFinance Bank Afghanistan chooses JMR Infotech to Improve Banking Efficiency and Compliance

JMR Infotech, a leader in banking technology solutions and services, today announced that Afghanistan-based The First MicroFinance Bank (FMFB) has selected the company to improve efficiency and compliance. End Quote

(1888PressRelease) December 31, 2015 - As part of the deal, JMR Infotech will implement Oracle FLEXCUBE at FMFB replacing its existing systems to keep pace with the rapidly changing operational priorities, improve banking efficiency and provide greater insight into the constantly changing complexion of assets and liabilities of banks in the country. JMR Infotech will also implement Oracle Financial Solutions Analytical Applications (OFSAA) Anti Money Laundering and Know Your Customer solutions at FMFB.

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• "By selecting JMR Infotech, we hope to enable technology driven business transformation of our bank and achieve the highest level of compliance against fraud and money laundering. After our due diligence, we came to the conclusion that JMR Infotech can provide the necessary transformation in a quick and efficient manner and prepare us for the opportunities and challenges of the future. The solution will enable us in several key areas such as new product offerings, tight compliance and cost effective operations," said Mr. Habib ur Rahman, Acting CEO, FMFB in the presence of the Chairman Mr. Akbar Pesnani.

• "We are proud to add FMFB as our prestigious customer. This deployment will provide FMFB with a robust platform to expand the business and offer better services to customers," said Mr. Jayafar Moidu, CEO, JMR Infotech.

About JMR Infotech
With delivery and development centers in India, sizable global presence and customers spread across 5 continents, JMR Infotech is a leader in banking, financial services and insurance software and software-related services. In our short existence, since 2007, we have grown to have top banks as our clients.

Our leadership in the Banking, Financial Services and Insurance (BFSI) IT market is backed by better understanding of client's business needs and innovative solutions to advance their business goals. The title of World's first Oracle Platinum Partner fully specialized in all financial solutions is a testimonial to our comprehensive offering, strong focus and unmatched expertise in BFS domain.

In August 2014, Global Banking & Finance Review recognized JMR Infotech's thought leadership, technical prowess and customer focus by presenting Best Core banking Technology Provider award for Middle East and Africa region.

Silicon Review, in 2015, recognized JMR Infotech as one of the 50 Fastest Growing Tech Companies in recognition of our creativity in innovation, customer orientation and domain influence.

Our offerings are delivered through our unique customer centric Extended Arm engagement model through which we work as Extended Arm of our clients, helping them reduce investment and total cost of ownership.

Visit www.jmrinfotech.com to know more about how JMR Infotech is helping banks, financial institutions and Insurance companies become more profitable.

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