Bank CTBC Indonesia Adopts Infosys Finacle Digital Banking Solution on Cloud

Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NSE, BSE, NYSE: INFY), and PT Bank CTBC Indonesia (Bank CTBC Indonesia), subsidiary of the CTBC Group, Taiwan, today announced the successful deployment of Finacle Digital Banking Solution Suite on a cloud hosted model, as part of the bank's digital transformation initiatives. With this deployment, the bank can now scale effortlessly to meet growing business demands and deliver innovations faster, ensuring shorter time-to-market for new products and services. This modernization aligns with the bank's goal of improving operational efficiency and enhancing customer experience.

The bank has upgraded to the latest version of Finacle loans, deposits, trade finance, payments, and customer data hub as part of this adoption. These solutions are seamlessly integrated with the Bank CTBC Indonesia's existing application landscape, which also includes the Finacle Online Banking and the Finacle Retail Loan Origination solutions.

Key Highlights:

- The Finacle Digital Banking Solution Suite on cloud enables the bank to accelerate new feature releases and foster rapid innovation, ensuring improved time-to-market for new offerings while maintaining robust security.

- The Finacle Customer Data Hub gives the bank a unified, 360-degree view of customer data, enabling hyper personalization of services and seamless third-party integration for allied offerings.

- The bank has seen transformative performance gains by opting for the Finacle suite on a PostgreSQL database platform. The combined solution has resulted in over 300% reduction in bulk processing time, significantly enabling operational efficiency, and reduced total cost of ownership (TCO).

Iwan Satawidinata, President Director, PT Bank CTBC Indonesia, said, "Our collaboration with Infosys Finacle has set a new bar for digital banking in Indonesia. The deployment of the new Infosys Finacle solutions represents a pivotal moment in our bank's evolution and a cornerstone of our broader 'Journey Next' strategy, focused on driving digital innovation and operational excellence. These advanced solutions position us at the forefront of Indonesia's banking sector, empowering us to deliver secure, tailored offerings that address our customers' evolving needs. We are excited about the future possibilities this collaboration brings, not only for our business but also for our stakeholders and the communities we serve."

Sajit Vijayakumar, Chief Executive Officer, Infosys Finacle, said, "This deployment is a testament to the power of our cloud-native digital banking solutions in enabling bank-wide transformation. Bank CTBC Indonesia stands to gain the benefits of secure, scalable flexibility with the deployment on cloud and is wellpositioned to deliver an industry leading digital banking platform to its customers. This collaboration underscores our shared commitment to help the bank drive innovation and inspire better banking with exceptional customer experiences."

Shares of Infosys Limited was last trading in BSE at Rs. 1432.65 as compared to the previous close of Rs. 1444.35. The total number of shares traded during the day was 144710 in over 9061 trades.

The stock hit an intraday high of Rs. 1458.45 and intraday low of 1428.35. The net turnover during the day was Rs. 208098738.00.

Source : Equity Bulls

Keywords

Infosys INE009A01021 INFY InfosysFinacle DigitalBankingSolution Cloud BankCTBCIndonesia