Mauritius Post and Cooperative licenses Infosys' Finacle

Mauritius Post and Cooperative Bank (MPCB) is implementing Infosys Technologies' core banking platform, Finacle.

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Mauritius Post and Cooperative licenses Infosys' Finacle

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MPCB, which was formed by the merger of Mauritius' New Co-operative Bank with the Post Office Savings Bank, will use the Finacle system to support retail banking, trade finance and loan origination, amongst other operations.

Kris Lutchmenarraidoo, CEO, MPCB, says: "Rapid introduction of a new generation technology platform is one of the strategies to enable achievement of the ambitious growth targets of our bank. We believe we have found this in Finacle."

Infosys says the bank is the fifth in Mauritius to license the Finacle platform.

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