Finacle™ to enable efficiency in workflow, manage operational risks and increase fee-based income
Jakarta, Bangalore, August 4, 2011
Bank Chinatrust Indonesia and Infosys today announced the successful implementation of Finacle™ core banking solution. Replacing the bank's legacy system, Finacle™ now drives operations across 13 branches.The core banking rejuvenation project was successfully completed in less than 14 months.
Bank Chinatrust Indonesia, a subsidiary of Chinatrust Commercial Bank in Taiwan ROC, has been rated "Very Good" on InfoBank for 10 consecutive years. Finacle™ will power the bank's business transformation by bringing in greater flexibility to rapidly differentiate the offerings and provide the much required scalability to realize its business expansion objectives.
Derek Lo, Head of Global Retail Operations and Information Technology, Chinatrust Commercial Bank, said "We are delighted to be using Finacle™ to drive our growth engine in Indonesia. Finacle™ is a robust and scalable solution offering all the functionality we need to provide a wide and varied portfolio of offerings to our customers from day one. This new platform will also enable us to unify disparate systems, reduce turnaround times and empower staff to radically improve our service."
Leveraging Finacle™, the bank is now empowered with a unified view of customers and seamless integration across channels. Finacle’s architecture has also enabled the bank to reduce its End of Day (EOD) processing by approximately 60%.
According to Haragopal Mangipudi, Global Head- Finacle, Infosys Limited, "We are delighted to see Finacle™ successfully and smoothly going live at Bank Chinatrust Indonesia. The Finacle™ implementation at Bank Chinatrust has clearly demonstrated the business value of leveraging new age technology to build and sustain competitive differentiation. We are committed to partnering with the bank in achieving its growth mandate and establishing new standards of excellence in the industry"
Finacle from Infosys partners with banks to power-up their innovation agenda, enabling them to differentiate their products and service, enhance customer experience and achieve greater operational efficiency. This framework for multi-disciplinary change, enables banks to shift their strategic and operational priorities.
Finacle solutions address the core banking, e-banking, mobile banking, Islamic banking, treasury, wealth management and CRM requirements of retail, corporate and universal banks worldwide. Several powerful and differentiating features make Finacle one of the most comprehensive, flexible and scalable universal banking solution in its class. These solutions, when associated with Finacle services, empower banks to maximize their opportunities for growth, while minimizing the risks that come with large-scale business transformation. For more information, visit www.infosys.com/finacle
Many of the world's most successful organizations rely on the 133,000 people of Infosys to deliver measurable business value. Infosys provides business consulting, technology, engineering and outsourcing services to help clients in over 30 countries build tomorrow’s enterprise.
For more information about Infosys (NASDAQ: INFY), visit www.infosys.com
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