Bank Chinatrust Indonesia and Infosys today announced the successful implementation of Finacle core banking solution.
Replacing the bank's legacy system, Finacle now drives operations across 13 branches. The core banking rejuvenation project was successfully completed in less than 14 months.
Bank Chinatrust Indonesia, a subsidiary of Chinatrust Commercial Bank in Taiwan ROC, has been rated "Very Good" on InfoBank for 10 consecutive years. Finacle will power the bank's business transformation by bringing in greater flexibility to rapidly differentiate the offerings and provide the much required scalability to realise its business expansion objectives.
Derek Lo, Head of Global Retail Operations and Information Technology, Chinatrust Commercial Bank, said "We are delighted to be using Finacle to drive our growth engine in Indonesia. Finacle is a robust and scalable solution offering all the functionality we need to provide a wide and varied portfolio of offerings to our customers from day one. This new platform will also enable us to unify disparate systems, reduce turnaround times and empower staff to radically improve our service."
Leveraging Finacle, the bank is now empowered with a unified view of customers and seamless integration across channels. Finacle's architecture has also enabled the bank to reduce its End of Day (EOD) processing by approximately 60%.
According to Haragopal Mangipudi, Global Head- Finacle, Infosys Limited, "We are delighted to see Finacle successfully and smoothly going live at Bank Chinatrust Indonesia. The Finacle implementation at Bank Chinatrust has clearly demonstrated the business value of leveraging new age technology to build and sustain competitive differentiation. We are committed to partnering with the bank in achieving its growth mandate and establishing new standards of excellence in the industry."