Finacle Powers Transformation at Aspis Bank, Greece

London and Bangalore - 19 March 2008

Finacle from Infosys and Aspis Bank announced today that Aspis Bank, Greece is live on Finacle Universal Banking Solution. While the core banking solution went live in the last quarter of 2007, the treasury solution has been operational at the bank since September 2005. The state-of-the-art solution that has gone live across 83 branches has enabled the bank to embark on its ambitious business transformation strategy aimed at aggressive growth and rapid differentiation. Post implementation, the bank has seen the launch of 7 new products in a short span of 12 weeks, almost 40% increase in average transactions/day and a threefold increase in ATM charges.

Leveraging Finacle, the bank is now empowered to create a differentiated customer experience through innovative product offerings, unified customer view and seamless integration across channels for greater customer convenience. Finacle has also enabled the bank to achieve greater efficiency in workflows, manage operational risks, and increase fee-based income

Mr. George Dayantis, General Manager- Operations and IT, Aspis Bank, comments “We were single-mindedly focused on a radical makeover of our legacy technology infrastructure. This new core banking application from Finacle will support the bank’s aggressive business plans and act as an enabler to achieve its future growth plans and new business initiatives. With the help of this solution we are already thinking about new and innovative product launches like never before while continuing to provide a highly personalized customer experience for which ASPIS has been well recognized in the Greek banking market.

Mr. Haragopal M, Vice President and Business Head – Finacle, Infosys Technologies said, “We are delighted to see Finacle powering the business transformation at Aspis Bank. Greece, Cyprus and the Balkans constitute a strategic market for Infosys and we are looking to enable banks in this region to become more competitive and customer focused by leveraging technology. We look forward to closely working with Aspis Bank helping them further harness the capabilities of Finacle.”

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