BANGALORE, INDIA: IndusInd Bank and Infosys Technologies Ltd on Monday announced a partnership, under which Finacle, an Infosys venture that offers banking products, will provide core banking solution version 10 to power the bank's growth agenda.
Finacle will provide a technology platform with Straight Through Processing capabilities and support for 24X7 multi-channel and multi-currency transactions, said a press release.
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Finacle will enable IndusInd Bank to accelerate innovation. By leveraging Finacle, the bank can personalize offerings, bundle products and enrich their segment-specific product portfolio, the release added.
IndusInd Bank has already implemented Finacle e-banking solution to facilitate the delivery of banking services online and enhance customer experience.
“The Bank sits at the cusp of significant growth both in terms of its physical distribution and the range and sophistication of its product suite. In these circumstances, we look to our core banking system as a facilitator of scale, controls and access.” said Paul Abraham, COO, IndusInd Bank.
He added that the solution should be something that enables the company to service clients with a spectrum of products and services, while being flexible and cost effective.
Haragopal Mangipudi, global head - Finacle, Infosys Technologies, said “India is a hotbed of opportunities for progressive enterprises, like IndusInd Bank, that understand the potential of technology to create and sustain customer experience-led growth. We look forward to partnering with IndusInd Bank to help them achieve their strategic objectives.”