DSB Bank Partners with Finacle from Infosys for Core Banking-led Transformation

15 December 2008

Infosys Technologies Limited and DSB Bank (DSB), Netherlands today announced that DSB has chosen Finacle Universal Banking Solution from Infosys to power its retail banking transformation initiative. DSB will replace its current legacy core banking platforms with Finacle core banking and integrated CRM solution, in addition to Finacle treasury solution. Finacle shall also power the setting up of an online savings bank for DSB. In addition, Finacle, as a multi-country solution, shall enable DSB to foray into new markets such as Germany and Belgium. DSB is a leading consumer bank in Netherlands with a strong focus on flexible and attractive mortgage and savings products. DSB’s vision of being the bank-of-choice for customers is based on being customer intimate and by offering superior service leveraging the power of online banking. Today the Dutch market is one of the most competitive with leading global banks vying for a share of the retail segment’s savings pool and Finacle is uniquely placed to help DSB enhance its position as one of the strongest consumer banks in the Netherlands.

According to Mr. Hans van Goor, Chief Operating Officer and Member Board of Executives, DSB Bank, “Transforming our technology platform is a strategic initiative to address DSB’s new business requirements, enhance customer experience, and be nimble to respond to market changes. Finacle from Infosys will enable the bank to create a differentiated customer experience through innovative product offerings, seamless integration across channels and proactively respond to new business opportunities.

Sanat Rao, Vice President and Worldwide Head, Sales - Finacle, Infosys Technologies added, “Our rapid progress into the strategic European market continues. This is another proof of leading banks in Europe reposing faith in Finacle as a solution with superior functional and technical capability and in Infosys as a reliable partner for delivering such transformational projects. In the current economic environment, the choice of a right technology partner for mission critical projects such as core banking renewal is assuming larger significance. Banks are looking for partners who have a proven track record of delivering projects that not only manage costs but are also able to introduce innovative product offerings. We are excited about DSB’s plan to take on competition in the Dutch market and are keen to enable the bank to achieve its strategic business goals.”

A leader in banking transformation, Finacle has a global footprint across 61 countries and has been acknowledged by top analysts including Gartner, Forrester and Celent among the leaders in the core banking solution space. Finacle is also the winner of a series of awards for its innovation and implementation capabilities, the most notable ones being The Banker Technology Award and The Asian Banker IT Implementation Award.

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