Agency / Source: Infosys Technologies Ltd

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

MeDirect Bank Belgium, the Online Only Bank, Extends its Product Offerings with Infosys Finacle - Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys announced that its customer MeDirect Bank Belgium has successfully launched its Regulated Savings Product on Finacle’s core banking solution - medirect.be / Finacle.com
MeDirect Bank Belgium, the Online Only Bank, Extends its Product Offerings with Infosys Finacle

 

PRZOOM - /newswire/ - Bengaluru, India, 2019/03/21 - Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys announced that its customer MeDirect Bank Belgium has successfully launched its Regulated Savings Product on Finacle’s core banking solution - medirect.be / Finacle.com. NYSE: INFY

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Services/Network Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys, today announced that its customer MeDirect Bank Belgium, an online bank offering savings, investments and wealth management since 2013, has successfully launched its Regulated Savings Product on Finacle’s core banking solution. The product will help the bank extend services to a new segment of savers that are looking to save and receive basic interest, in addition to a fidelity premium. Finacle’s core banking solution provided MeDirect Bank a flexible technology foundation to enable speed-to-market with this new offering.

Highlights:

MeDirect Bank (medirect.be) has seen a significant interest in the product since its launch in December 2018. The product provides favorable tax incentives along with competitive interest rates offered by MeDirect Bank, adding to the high volume of interest in the product.

Apart from Finacle core banking, MeDirect Bank also uses a wide range of Finacle solutions, including wealth management, treasury, lending and corporate online banking. The componentized yet integrated Finacle solutions allows the bank’s team to select, configure, customize and launch new customer services rapidly and reliably, at a low cost.
The product provides ready compliance with Belgian regulation.

Alanbek Yussupov, Head of Business Development at MeDirect Bank, said,“Completing the implementation of a regulated savings product for the Belgium market was an important project for MeDirect Bank. We pride ourselves, on providing end clients with a product which complies with the Belgian regulated savings jurisdiction, making savings products more transparent. The implementation of the Belgian Regulated Savings Product allows our clients to have a regular savings account with added attractive tax benefits. With Finacle, we were able to bring this offering to market within a very short span of time.”

Sajit Vijayakumar, Chief Operating Officer, Infosys Finacle, said,“We are pleased to support MeDirect’s market expansion strategy with the new regulated product offering. The rapid time-to-market realised by MeDirect is a reflection of inherent flexibility of the Finacle core banking solution. The new offering will enable the bank to further develop business in Belgium and engage customers with a broad offering.”

About Infosys Finacle

Finacle (finacle.com) is the industry-leading digital banking solution suite from EdgeVerve Systems (edgeverve.com), a wholly owned product subsidiary of Infosys. Finacle helps traditional and emerging financial institutions drive truly digital transformation to achieve frictionless customer experiences, larger ecosystem play, insights driven interactions and ubiquitous automation. Today, banks in over 100 countries rely on Finacle to service more than a billion consumers and 1.3 billion accounts.

Finacle solutions address the core banking, omnichannel banking, payments, treasury, origination, liquidity management, Islamic banking, wealth management, analytics, artificial intelligence, and blockchain requirements of financial institutions to drive business excellence. An assessment of the top 1250 banks in the world reveals that institutions powered by the Finacle Core Banking solution, on average, enjoy 7.2% points lower costs-to-income ratio than others.

Safe Harbor
Certain statements in this release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2018. These filings are available at sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that the date of this press release is mentioned at the beginning of the release, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Services/Network Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Infosys Technologies Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
IT Services/Network Management articles,
CATCH Visitors via Your Competitors Announcements!


MeDirect Bank Belgium, the Online Only Bank, Extends its Product Offerings with Infosys Finacle

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Infosys Finacle | MeDirect Bank
Contact: Press Office - Infosys.com 
pr_global[.]infosys.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Infosys Technologies Ltd securities in any jurisdiction including any other companies listed or named in this release.

IT Services/Network Management via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Press Releases From Infosys Technologies Ltd / Company Profile


Read IT Services/Network Management Most Recent Related Press Releases:

ECI, Now A Part of Ribbon, Demonstrates 5G Capabilities in Multi-vendor Interoperability Tests
Rakuten Mobile and NEC Agree to Jointly Develop Containerized Standalone 5G Core Network
Arista Networks Announces Independent Validation of Exceptional Network Monitoring Precision
Cloud Box Technologies Achieves Dell Platinum Partner Status
Moro Hub Launches Unified Communication Cloud Service Powered by Avaya
NEC Develops Learning-based Communications Analysis Technology Enabling High Quality Local 5G Without Network Specialists
Thales Selects Google Cloud to Expand its eSIM Management Solution
Arista Delivers Cognitive WiFi for Collaboration, Video and Chat Applications
ScienceLogic’s Behavior-Based Monitoring Forges a New Path for IT Service Delivery
Evolve IP and Pax8 Announce Partner Agreement to Provide Integrated Microsoft Teams and Cisco Voice Services

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
.



PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit Apex Watercraft

Visit  Limelon Advertising, Co.







 
  ©2020 PRZOOM - Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today