Infosys said that the Finacle core banking solution will replace the bank’s legacy system and help strengthen its competitive position by enabling innovation, greater process efficiencies as well as by meeting the new regulatory requirements, including Basel II. Hrvatska Postanska Banka (HPB) will also deploy the Finacle e-banking and treasury solutions.
HPB was previously using a decentralized in-house legacy system that lacked a unified view and seamless real-time integration capabilities. The system did not facilitate easy and quick launching of new products and services, which is one of the crucial points of success in today’s competitive banking environment.
We have embarked on a technology-led transformation exercise to ensure that we fast pace the introduction of new and innovative products to delight our customers, commented Sasa Stankovic, senior executive director of the project management office at HPB. We are further planning to scale up our operations leveraging the postal network and emerge as a front runner in the retail banking market.
Infosys said that the contract win was a major breakthrough for the company in the Croatian and central and eastern European regions. Finacle already has a strong presence in Europe, Asia-Pacific, the Middle East and Africa.
