IndusInd Bank Partners With Infosys For Core Banking Transformation

IndusInd Bank and Infosys Technologies Ltd have announced that IndusInd Bank selected Finacle core banking solution version 10 to power the Bank’s exponential growth agenda.

Finacle will provide a future-proof technology platform with robust Straight Through Processing capabilities and support for true 24X7 multi-channel and multi-currency transactions. The solution’s proven scalability, relevance to the Indian banking context and flexibility will power the Bank’s ambitious growth plans.

Built on new generation technology, Finacle will enable IndusInd Bank to accelerate innovation and stay ahead of emerging customer demands. Leveraging Finacle, the Bank can personalise offerings, bundle products and enrich their segment-specific product portfolio.

As a first step, in the transformation journey, IndusInd Bank has already successfully implemented Finacle e-banking solution to facilitate the delivery of state-of-the-art banking services online and enhance customer experience.

“Using technology to find, service and engage customers is a fundamental premise of our business model. We are confident that Finacle will help significantly scale up our customer base and branch footprint besides improving productivity,” said Romesh Sobti, MD & CEO, IndusInd Bank.

“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. It should also be something that enables us to service clients with a spectrum of products and services, while being flexible and cost effective. That’s what we looked for in our choice of a platform and we believe that Finacle fits the bill,” said Paul Abraham, COO, IndusInd Bank.

“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,” said Haragopal Mangipudi, Global Head - Finacle, Infosys Technologies.