Infosys Finacle, an industry leader in digital banking solutions and software, unit of EdgeVerve Systems, organizes the “Infosys Finacle Innovation Awards-2023” annually. Golomt bank has won the “Ecosystem-led Innovation” category for amplifying the bank’s mission to build a sustainable and wide-reaching digital economy in Mongolia with its open banking system. This year, the world’s best banks that are always ready for change, focus on innovation and are making the digital transformation with speed and scale, recognized from 10 categories of banking innovation.

From 2020, Golomt Bank has defined a new face of Mongolia’s modern banking and financial sector and introduced a comprehensive Open Bank business model based on innovation. The Open Banking product is a set of services tailored to the specifics of the customer and the business through the API. Open bank is fundamentally about driving a culture of digital transformation and provide a digital ecosystem that encompasses sectors such as health, education, and agriculture and to drive a collaborative digital economy across the spectrum of Mongolian society.

“Sharing is caring. Open banking APIs developed by using SOA architecture and functions of Finacle Core banking system and its business model are all about sharing each other. We provide not only Open Banking platform but also our technical knowledge and business experiences to our customers and co-operating companies in order to create a healthy and integrated ecosystem that brings next level banking services.” – M.Sainbileg /Chief Information Officer, Golomt bank/

 

Sincerely thanks to all of our valued customers and partners for being with us.