Mauritius Post & Cooperative Bank upgrades to Finacle 10

IT services major Infosys today said Mauritius Post and Cooperative Bank (MPCB) has upgraded its core banking solution to Finacle 10.
"Finacle 10 is geared to support MPCB's ambitious growth plans. It allows MPCB to develop and launch products faster to meet rapidly changing customer needs," Infosys said in a release.
The new version of Finacle allows the bank to offer a wide array of lending products and other banking services to meet the diverse needs of its retail and corporate customers, it said.
The new version of the core banking solution was deployed in 10 months, five weeks ahead of the schedule, with no budget over-runs, it added.

Finacle also enables MPCB to broaden its portfolio of leasing and trade financing services.
The new version facilitates robust underwriting and credit monitoring to ensure higher credit quality at MPCB. It also helps the bank to address and report regulatory and compliance requirements efficiently, Infosys said.
The solution helps the bank offer 24x7x365 services to its customers and enhances overall staff productivity.