MauBank adopts Infosys Finacle Leasing solution

NEW DELHI: Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys  and MauBank, a leading bank in the Republic of Mauritius, have announced the bank’s successful adoption of Finacle’s Leasing Solution for its strategic leasing services business.

"MauBank’s leasing system will run on a single platform that enables higher operational efficiency, reduced costs and an enhanced banking experience for its customers," a statement said.

"The merger of Mauritius Post and Cooperative Bank (MPCB) and National Commercial Bank (NCB) in January 2016 created the new MauBank, which is powered by Infosys Finacle Solutions that includes Core Banking, Online Banking, Treasury and Alerts. Furthermore, NCB's subsidiary Mauritius Leasing Company, offering leasing products, was also integrated into MauBank and the Finacle Leasing Solution was chosen to replace its earlier legacy third-party platform," it said.

“Simplifying the technology footprint is a critical step in renewing legacy systems and moving towards a truly digital banking experience. Following the merger, MauBank has been very progressive in its decision to consolidate and modernize its banking systems. The latest step towards a unified platform for their leasing services will ensure a sound technology foundation for the bank, enabling growth, profitability and a smarter banking experience for its customers," said Sanat Rao, Chief Business Officer and Global Head, Infosys Finacle.

“MauBank is committed to being the most progressive and preferred bank in Mauritius. Our aim of ensuring world-class banking services along with industry leading growth, is tied to consolidating our operations on best of breed banking platforms. We believe the Finacle Leasing Solution will help us scale our leasing operations and boost productivity, thus positioning the service line as a key business driver," said Sayyad Khodabocus, Head - IT Applications, MauBank.