We realized the benefits of choosing Finacle Universal Banking Solution as our core technology platform, as it offers great flexibility, seamless real time integration and powerful Straight Through Processing (STP) capabilities leading to greater differentiation in the marketplace and efficiency in our operations. We are further planning to scale up our operations leveraging the postal network and emerge as a front runner in the retail banking market. The system did not facilitate easy and quick launching of new products and services which is one of the crucial points of success in today’s competitive banking environment.Īccording to Mr Sasa Stankovic, Senior Executive Director – Project Management Office in HPB, “We have embarked on a technology-led transformation exercise to ensure that we fast pace the introduction of new and innovative products to delight our customers. HPB will also deploy the Finacle e-banking and treasury solutions.Įarlier the bank was using decentralized in-house legacy system which lacked a unified view and seamless real time integration capabilities. Finacle core banking solution will replace the bank’s legacy system and help strengthen the bank’s competitive position by enabling innovation, greater process efficiencies as well as by meeting the new regulatory requirements, including Basel II.

Zagreb / London / Bangalore, 14 September, 2006 Infosys Technologies (NASDAQ:INFY) today announced that the only large domestic bank in Croatia, Hrvatska Poštanska Banka (HPB), has selected Finacle Universal Banking Solution from Infosys to drive its technology-led transformation initiative.

To power the transformation of HPB (Post Bank of Croatia)

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