Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, and Ayeyarwaddy Farmers Development Bank, widely known as A Bank, a leading commercial bank in Myanmar, today announced the bank’s decision to adopt the Finacle solution suite to power the bank's digital transformation.

With Finacle, the bank aims to drive growth and innovation through state-of-the-art banking services and an enriched product portfolio.

Sanat Rao, Chief Business Officer and Global Head, Infosys Finacle, said, ''The banking industry in Myanmar is witnessing rapid growth with the economy opening up. Banks are showing a strong appetite for expansion and at this stage, a modern banking technology platform is critical to help Myanmar banks drive growth. We are delighted that A Bank has chosen Infosys Finacle to power its digital transformation. With the Finacle suite of solutions, A Bank will be able to integrate various channels, effortlessly develop and launch new offerings, create new lines of revenue, and work with greater efficiencies, which is in-line with the bank's long-term growth.''

Shares of the company gained Rs 7.7, or 0.56%, to settle at Rs 1,383.70. The total volume of shares traded was 192,547 at the BSE (Wednesday).