HPB Croatia Selects Infosys Finacle to Provide Customers World-Class Payment Experiences

Zagreb and Bangalore – June 19, 2015: Infosys (NYSE: INFY), a global leader in consulting, technology, outsourcing, and next-generation services, today announced that Hrvatska Postanska Banka (HPB), a leading state-owned financial institution in Croatia, has selected the Finacle Payments solution to deliver bespoke payment offerings and superior customer experience. The new solution will enable HPB to streamline its payments operations and simultaneously serve its target markets in a cost-effective and flexible manner. The Finacle solution will also help HPB to comply with Single Euro Payments Area (SEPA) requirements and support Croatia’s harmonization process with European Union regulations and Payment Service Directive.

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Quotes:

Mladen Mrvelj, CIO, HPB Croatia:
“At HPB, we are constantly looking at ways to improve our ability to serve our customers better and deliver a world-class service. To that end, we continue to make necessary investments to keep our technology infrastructure on the leading edge. Along with an impressive global presence, our due diligence revealed that Infosys Finacle has a proven implementation track record and industry leading functionality. We are confident that the Finacle solution will meet our expectations easily.”

Michael Reh, Senior Vice President and Global Head – Finacle, Infosys:
“The global payments ecosystem is undergoing a sea change. New and nimble players with innovative business models, enabled by technology, are posing a threat to existing banks. At the same time, there are increasing regulatory oversight and numerous industry initiatives. In this environment, it is critical for banks to modernize their payment systems to gain agility and flexibility and keep pace with customer demands. Finacle is committed to helping HPB enhance its customer service, manage its operations with greater efficiency, and meet the required reporting and compliance obligations.”

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