Infosys Ltd.

Infosys and ZUNO Bank, the direct bank owned by Ralffeisen Sank International AC, have successfully 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. The bank has increased its customer base from 34,000 to over 100,000 since its first six months of operation.

ZUNO Bank was launched in Slovakia at the end of 2010 as a direct bank with an initial portfolio of deposit products, including current accounts, debit cards, saving accounts and term deposits. The bank expanded into the Czech Republic in July 2011. Powered by Finacle core banking solution, ZUNO enlarged its product portfolio to offer personal retail loans and overdraft facilities.

The new lending portfolio was implemented in less than a year. Finacle enabled the seamless integration of multiple third party systems and deployed a straight through process to ensure efficient loan application processing. Besides, the partnership with Finacle continues to strengthen as ZUNO Bank further expands its product portfolio and plans to enter new markets in the near future.