Finacle momentum accelerates in Europe

Bangalore, Sep 14: IT giant Infosys Technologies today announced that the only large domestic bank in Croatia, Hrvatska Potanska Banka (HPB), has selected its Finacle Universal Banking Solution to drive its technology-led transformation initiative.

Finacle core banking solution would replace the bank's legacy system and help strengthen the bank's competitive position by enabling innovation, greater process efficiencies as well as by meeting new regulatory requirements, including Basel II. HPB would also deploy the Finacle e-banking and treasury solutions, Infosys said in a release here.

Mr Merwin Fernandes, Vice-President and Business Head - Finacle, Infosys, said ''this win is a significant breakthrough for Finacle into Croatian and CEE market and further consolidates our position in the fast growing Central and Eastern European region.'' Finacle is a global player in the packaged banking solutions space, with a customer base across 53 countries. The solution had a strong presence in Europe, Asia-Pacific, Middle East and Africa.

Finacle differentiated itself through its new generation technology architecture and strong implementation record.

UNI