Infosys Finacle, a world leader in artificial intelligence, digital banking solutions, and software, organizes the “Infosys Finacle Innovation Awards-2024” annually. Golomt Bank’s SocialPay and SocialPay Junior applications were highlighted among more than 100 international organizations and won the best in the “Maximizing Customer Engagement” category.

This year, the dedication of participating banks to delivering exceptional value to their customers and stakeholders and made a valuable contribution to the innovation within the global banking industry have been recognized. The SocialPay application, a lifestyle platform, was selected as the best for its comprehensive payment services, innovative, fast, accessible, and advanced technological solutions.

Golomt Bank has always been the pioneer for innovative concepts and products, services in the Mongolian banking sector from the beginning of its establishment. This time, SocialPay 3.0 digital wallet is the smartest and user-friendly product having a creative UX and AI-based functions in the banking and fintech sectors. We are very confident working with Infosys Finacle for the further innovation steps that we are planning.

Sainbileg Mandakh, Chief Information Officer, Golomt Bank

Golomt Bank launched SocialPay digital wallet in 2017 was the first fintech service in Mongolia. In 2023, introduced the updated SocialPay 3.0 version, which includes faster, more convenient, and more advanced solutions. In addition, SocialPay Junior application for children aged 7-18 has been officially introduced in 2024. SocialPay Junior application helps children to get financial education from an early age, control their saving and spending, and manage their finances independently. In this way, Golomt Bank continues to pay special attention to the development of its digital products and services as part of its goal of providing customer-centric services.

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