Indian IT services provider Infosys today announced that Mauritius Post and Cooperative Bank has upgraded its core banking solution to Finacle 10.
Infosys Finacle 10 will support the bank’s growth plans. It also allows MPCB to develop and launch products faster, to meet changing customer needs. The new version of the core banking solution was deployed in 10 months, five weeks ahead of schedule, with no budget overruns.
There are over 20 banks in Mauritius serving a population of 1.2 million. The challenge for MPCB is to effectively service its loyal and extremely demanding customers, while adding new retail and corporate customers.
The new version of Finacle allows the bank to offer a wide array of lending products and other banking services to meet the diverse needs of its retail and corporate customers.
Finacle also enables MPCB to broaden its portfolio of leasing and trade financing services.
Infosys said comprehensive reporting infrastructure, an integral part of the upgraded solution, helps the bank to address and report regulatory and compliance requirements efficiently.
In addition, the banking solution helps the bank offer 24x7x365 services to its customers and enhances overall staff productivity.
Rajiv Beeharry, chief executive officer, Mauritius Post and Cooperative Bank, said: “Infosys Finacle has helped us to grow our business without worrying about our technology framework for the last 10 years. We are confident that this latest solution from Finacle will ably support our long-term growth objectives including our planned expansion in the leasing market.”
MPCB offers its services across 16 branches and 21 ATMs which includes 4 offsite ATMs. Banking services are also offered in the Post Offices across the island as well as in Agalega and Rodrigues.
