Jamaica’s First Global Bank adopts cloud solutions from the Greek company
Jamaica’s First Global Bank has signed a cooperation agreement with Profile Software. The agreement covers the implementation of the Finuevo Suite platform, which will help expand the financial institution’s service offerings.
First Global Bank operates in Jamaica and is a subsidiary of the GraceKennedy Group. Profile Software is a software solutions provider based in Greece that produces products focused on the financial sector. Of particular interest to FGB is its digital registration and lending platform. This will enable the bank to expand its financial services offering and strengthen its position in the local market.
As part of the collaboration, Profile Software will provide a cloud-based service package that includes:
– Finuevo Core banking platform;
– Finuevo Digital software.
The software aims to provide the bank with enhanced digital functions. It will handle a range of standard banking operations, including:
– account opening;
– checking the creditworthiness of applicants;
– submitting and processing loan applications;
– approving and disbursing funds;
– issuing credit cards.
The bank’s representatives expect cooperation with the Greek developer to improve operations. Thanks to cloud-based solutions, FGB will accelerate the digitalisation of its business processes, as the modern market requires. According to the bank’s spokeswoman, Terri-Anne Graver, the cooperation is an essential step for the company. It demonstrates FGB’s commitment to change through digital transformation. In addition, Profile Software’s solutions will help deliver on the bank’s smart brand strategy.
Using a cloud-based platform is a great way to attract new customers. The automated loan processing mechanism improves customer service and convenience. Moreover, the platform reduces the risk of errors and enhances the institution’s efficiency.
Business overview
First Global Bank was established in Jamaica in 1970 as The First National Bank of Chicago. After conversion and ownership, the bank adopted its current name. In 1993, two companies — Trafalgar Development Bank and GraceKennedy — took over the bank’s management.
The former owned 51% of the shares, the latter 49%. In 2000, GraceKennedy bought the whole package, and FGB became its subsidiary.
The bank offers various commercial and financial products and services in Jamaica. It works with representatives of small and medium-sized enterprises, offering them favourable opportunities for cooperation. These include loans with flexible terms and opening and maintaining accounts for entrepreneurs. First Global Bank also works with individuals and large corporations, applying an individual approach to each client and developing separate cooperation programmes.
