Boutique bank kicks off channels project by replacing its legacy e-banking system
Bangalore and London – February 25, 2016
Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys (NYSE: INFY), today announced an agreement with Bank Leumi (UK) PLC, one of the leading foreign-owned banks in London and part of the international Bank Leumi Group., to replace its existing e-banking system with Finacle Corporate e-banking solution.
Bank Leumi (UK) PLC recognized the importance of having a modern e-banking system to rapidly offer new products, provide additional functionality, and future-proof capabilities as well as encourage greater customer adoption of online services. Finacle Corporate e-banking solution will enable the bank to focus its efforts on the business, rather than directing efforts to the maintenance of their current system, which was becoming obsolete. The new solution, which optimizes digital channels, will enable Bank Leumi to provide its customers with access to e-banking services through the device of their choice including desktop computers, mobiles, tablets and other devices.
Lesley Secretan Director and COO of Bank Leumi (UK) plc:
“Finacle Corporate e-banking will provide us with a complete and modern e-banking solution for our changing corporate banking requirements. We chose Finacle for its out-of-the box capabilities, enhanced functionality, agile implementation approach, and the ability to work on multiple platforms. Over the years, Infosys Finacle has demonstrated extensive experience in the market, having worked on complex projects with leading banks globally. Perhaps more importantly, we chose Finacle because we liked its look and feel and felt it will be appreciated by our customers once the solution is deployed.”
Michael Reh, Executive Vice President and CEO (designate), EdgeVerve:
“Bank Leumi was looking for an agile and sophisticated platform that offers a rich integrated experience. Finacle Corporate e-banking will enable them to offer relevant product offerings, enhanced user experience, and meet the changing needs of its corporate customers."
Bank Leumi (UK) PLC (BLUK) is the largest Israeli bank in the UK, and a subsidiary of Bank Leumi Group the second largest bank in Israel and with a significant global presence. BLUK is one of the oldest foreign subsidiaries in the UK beginning its operations over 110 years ago. Bank Leumi (UK) offers specialist knowledge with a real competitive edge in both the Israeli and UK markets and has just launched its new Technology Finance Services which will be based on the knowledge and experience brought from Israel as the world’s leading high-tech center, second only to Silicon Valley.
As a niche bank BLUK have expertise in all areas of Corporate Finance as well as Private Banking, and offers its clients a truly authentic boutique service and solution that best suits their needs.
Bank Leumi (UK) plc is authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Finacle is the industry-leading universal banking solution from EdgeVerve Systems, a wholly owned subsidiary of Infosys. The solution helps financial institutions develop deeper connections with stakeholders, power continuous innovation and accelerate growth in the digital world. Today, Finacle is the choice of banks across 84 countries and serves over 547 million customers – nearly 16.5 percent of the world’s adult banked population.
Finacle solutions address the core banking, e-banking, mobile banking, CRM, payments, treasury, origination, liquidity management, Islamic banking, wealth management, and analytics needs of financial institutions worldwide. Assessment of the top 1000 world banks reveals that banks powered by Finacle enjoy 50 percent higher returns on assets, 30 percent higher returns on capital, and 8.1 percent points lesser costs to income than others.
To know more, visit www.finacle.com
EdgeVerve Systems, a wholly owned subsidiary of Infosys, develops innovative software products and offers them on-premise or as cloud-hosted business platforms. Our products help businesses develop deeper connections with stakeholders, power continuous innovation and accelerate growth in the digital world. We power our clients’ growth in rapidly evolving areas like banking, digital marketing, interactive commerce, distributive trade, credit servicing, customer service and enterprise buying.
Today EdgeVerve products are used by global corporations across financial services, insurance, retail and CPG, life sciences, manufacturing, and telecom. Finacle, our universal banking solution, is the choice of financial institutions across 84 countries and serves over 547 million customers – nearly 16.5 percent of the world’s adult banked population.
To know more, visit www.edgeverve.com
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