IndusInd Bank enhances its core banking system to Finacle 10.2

Mumbai, December 10, 2012: IndusInd Bank has enhanced its core banking system to power the Bank’s exponential growth agenda. Built on new generation technology, Finacle 10.2 enables IndusInd Bank to accelerate innovation and stay ahead of emerging customer demands. By leveraging Finacle, the Bank personalizes offerings, bundles products and enriches its segment-specific product portfolio.

Finacle core banking implementation has now been successfully implemented across all branches to facilitate the delivery of state-of-the-art banking services. The bank has already been live on Finacle’s Consumer e-Banking solution since April 2011 and is serving over 180,000 customers through this channel.

Mr. Romesh Sobti, MD & CEO, IndusInd Bank said, “The Bank believes in driving its business through technology, and with Finacle, we are able to achieve our growth plans and meet the ever-changing customer needs. We are confident that Finacle will help significantly scale up our customer base and branch footprint besides improving productivity.”

Adds, Mr. Paul Abraham, Chief Operating Officer, IndusInd Bank said, “Finacle core banking implementation is one of the most significant steps in Bank’s transformation journey with which the Bank sits on the cusp of significant growth, both in terms of physical distribution and range and sophistication of its products suit.”

Haragopal Mangipudi, Global Head – Infosys Finacle™, said “We are delighted with the successful implementation of Finacle core banking at IndusInd Bank. With this core banking implementation, IndusInd bank is ideally placed to accelerate innovation, offer superior products and stay ahead of emerging customer demands.”

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