Infosys Ltd.

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Nykredit, Infosys successfully implement Finacle core banking solution

Date: 16-10-2012

Nykredit, a leading financial institution in Denmark, and Infosys, a global leader in consulting and technology, have successfully implemented Finacle core banking solution across the bank’s corporate lending business. Built on new generation technologies, Finacle underpins the bank’s business transformation program aimed at growing its corporate and retail business across it home market.

In the first phase of the initiative, Nykredit’s corporate customers are already enjoying the benefits of personalized offerings and one of the bank’s newest capabilities: multi-currency loans.

Nykredit is Denmark’s largest mortgage lender with a 42.6 percent market share and 5.2 per cent commercial banking market share. In recent years, the bank has focused on transforming both its corporate and retail business across Denmark.