Finacle Platform bolsters ZUNO Bank's growth

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

 

ZUNO Bank and Infosys have rolled out a new lending product portfolio which includes personal retail loans and overdraft lines in Slovakia and the Czech Republic, powered by Finacle core banking solution.  Since its first six months of operation, the Bank has increased its customer base from 34,000 to over 100,000. 

Andras Hamori, CEO, ZUNO Bank, said, "The IT system is the backbone of ZUNO's banking model. We need it to support our operations across countries while at the same time allowing us to continually offer new products to our customers. This requires a reliable and strong business partner, and Infosys has successfully delivered to meet our needs. It is something we are very proud of."

Amit Dua, AVP & Head - EMEA, Finacle, Infosys, said, "The direct banking phenomenon continues globally and ZUNO Bank is a great success story of how a bank can take advantage of changing market needs to grow their business and meet the demands of new-generation consumers. Finacle's robust and scalable solution has supported ZUNO Bank's growth, providing a reliable business platform which has enabled the execution of an exciting and ambitious strategy."

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