Kotak Mahindra Bank has
announced the successful implementation of Infosys’ Finacle 10
universal core banking solution across 335 bank
branches.
Kotak Mahindra said that
the Finacle implementation replaced the bank’s legacy core banking
system with no disruption to business and was completed in 18
months.
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According to the bank,
it has witnessed a 44% increase in new account openingspost
implementation.
KVS Manian, president,
consumer banking, Kotak Mahindra, said:
“Banking in this era is technology driven. To enhance our customer
experience, we needed an advanced core banking platform like
Finacle, to help us meet the dynamic needs of our
customers.
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