Infosys deploys banking solution called Finacle for Eastern Bank for growth driven products and services

NEW DELHI: The country's second-largest software services firm Infosys today said it deployed its financial solution Finacle for Eastern Bank, the largest and oldest mutual bank in the US. This will help Eastern Bank enhance its online and mobile banking products while providing a platform to allow for growth and making banking easier for customers, Infosys said in a statement. No financial details were disclosed.

"We are dedicated to providing our customers with products and services that make managing money simple. We're excited and confident that our customers will soon enjoy Finacle's intuitive online and mobile products," Eastern Bank Executive Vice President and Chief Information Officer Barbara Heinemann said.

Eastern Bank selected Finacle e-banking, mobile banking and enterprise alert solutions to meet the needs of its growing base of consumers, small business and commercial clients, it added.

Founded in 1818 and based in Boston, Eastern Bank has US $ 8.7 billion in assets and almost 100 banking offices in eastern Massachusetts.Finacle's open architecture will help the bank integrate with third-party solutions and partner products, while rolling out new features to existing products seamlessly.

"Eastern Bank's focus on delivering better and faster services to its customers is the underlying foundation of this new platform designed on Finacle," Infosys Finacle Global Head Haragopal M said.