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BANK LEUMI (UK) SELECTS INFOSYS FINACLE FOR ONLINE BANKING

Boutique bank kicks off channels project by replacing its legacy e-banking system

Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys (NYSE: INFY), today announced an agreement with Bank Leumi (UK) PLC, one of the leading foreign-owned banks in London and part of the international Bank Leumi Group., to replace its existing e-banking system with Finacle Corporate e-banking solution.

Bank Leumi (UK) PLC recognized the importance of having a modern e-banking system to rapidly offer new products, provide additional functionality, and future-proof capabilities as well as encourage greater customer adoption of online services. Finacle Corporate e-banking solution will enable the bank to focus its efforts on the business, rather than directing efforts to the maintenance of their current system, which was becoming obsolete. The new solution, which optimizes digital channels, will enable Bank Leumi to provide its customers with access to e-banking services through the device of their choice including desktop computers, mobiles, tablets and other devices.

Lesley Secretan Director and COO of Bank Leumi (UK) plc:

“Finacle Corporate e-banking will provide us with a complete and modern e-banking solution for our changing corporate banking requirements. We chose Finacle for its out-of-the box capabilities, enhanced functionality, agile implementation approach, and the ability to work on multiple platforms. Over the years, Infosys Finacle has demonstrated extensive experience in the market, having worked on complex projects with leading banks globally. Perhaps more importantly, we chose Finacle because we liked its look and feel and felt it will be appreciated by our customers once the solution is deployed.”

Michael Reh, Executive Vice President and CEO (designate), EdgeVerve:

“Bank Leumi was looking for an agile and sophisticated platform that offers a rich integrated experience. Finacle Corporate e-banking will enable them to offer relevant product offerings, enhanced user experience, and meet the changing needs of its corporate customers.”