Case Study: IFIC Bank achieves 100% growth with Finastra’s core banking solution

IFIC Bank achieves 100% growth - powered by the strength of Finastra’s robust core banking solution

IFIC Bank, a first-generation private commercial bank headquartered in Dhaka, Bangladesh, was looking to strengthen its “Neighborhood banking” retail strategy and improve the customer experience across its 1,400 branches and uposhakhas. The bank partnered with Finastra and used its robust core banking solution with open APIs to support faster, more integrated banking operations and product innovation.

With Finastra’s open APIs and core banking platform, IFIC Bank improved timely account openings and loan disbursements while supporting new product development and broader operational efficiency. As a result, IFIC Bank achieved 100% growth in deposits and loans from 2019 to the present, reaching $4.8 billion in deposits and $4 billion in loans, with Finastra’s technology identified as a key driver of that success.

IFIC Bank

Monitur Rahman

Deputy Managing Director and Chief Information Officer