labels: infosys technologies, it news, banks & institutions
Centurion Bank of Punjab banks on Finacle to replace Equation from Misys news
06 December 2005

Centurion Bank of Punjab has selected Infosys Technologies' Finacle to power its technology led business transformation initiative following the recent merger between Centurion Bank and Bank of Punjab.

The bank will replace its current system, Equation from Misys, and deploy Finacle core banking, e-banking and CRM solutions as the unified technology platform for the merged entity. Bank of Punjab has been a Finacle client since its inception.

Merwin Fernandes, VP and business head of Finacle at Infosys, said, "We are happy to partner with Centurion Bank of Punjab as they embark on this journey to grow and differentiate. Finacle, with its new generation services-based BPM-enabled architecture, unparalleled flexibility and scalability and a solid base in its home market, is now well poised to seize the initiative in the rapidly opening core banking solution space globally, especially in the legacy replacement space among global tier I and tier II banks. Our unique value proposition based on minimizing the risk and maximizing the opportunity for our clients is emerging as a key differentiator globally."


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Centurion Bank of Punjab banks on Finacle to replace Equation from Misys