Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys (NYSE: INFY), today announced that its customer MeDirect Bank Belgium, an online bank offering savings, investments and wealth management since 2013, has successfully launched its Regulated Savings Product on Finacle’s core banking solution. The product will help the bank extend services to a new segment of savers that are looking to save and receive basic interest, in addition to a fidelity premium. Finacle’s core banking solution provided MeDirect Bank a flexible technology foundation to enable speed-to-market with this new offering.
Alanbek Yussupov, Head of Business Development at MeDirect Bank said:
“Completing the implementation of a regulated savings product for the Belgium market was an important project for MeDirect Bank. We pride ourselves, on providing end clients with a product which complies with the Belgian regulated savings jurisdiction, making savings products more transparent. The implementation of the Belgian Regulated Savings Product allows our clients to have a regular savings account with added attractive tax benefits. With Finacle, we were able to bring this offering to market within a very short span of time.”
Sajit Vijayakumar, Chief Operating Officer, Infosys Finacle said:
“We are pleased to support MeDirect’s market expansion strategy with the new regulated product offering. The rapid time-to-market realised by MeDirect is a reflection of inherent flexibility of the Finacle core banking solution. The new offering will enable the bank to further develop business in Belgium and engage customers with a broad offering.”