FONDEP, has chosen Infosys Finacle for its strategic core banking transformation program. The Finacle solution will help FONDEP adapt to changing customer needs by enabling them to offer relevant products to their customer base.

Amit Dua, regional head, advanced markets and global accounts, Finacle, Infosys said, "Banks need a platform that will enable them to offer a wider range of services needed to support economic growth that the African market promises. The Finacle deployment at FONDEP gives us the opportunity to demonstrate our ability to partner with banks in the French speaking market of this region. It will act as a spring board to extend our presence in this region."

Shares of the company declined Rs 68.60, or 2.07%, to trade at Rs 3,247 at the BSE (11.49 a.m., Monday).