BANGALORE, India and
BOSTON, April 16, 2014 /PRNewswire/ --
Eastern Bank, the largest and oldest mutual bank in the United States, has chosen Infosys Finacle
to enhance its online and mobile banking products, while also
providing a platform that allows for future growth and makes
banking easier for its customers. Eastern Bank selected
Finacle e-banking, mobile banking and enterprise alert solutions to
meet the ever-changing needs of its growing base of consumers,
small business and commercial clients.
(Logo:
http://photos.prnewswire.com/prnh/20130122/589162 )
The changes mean Eastern Bank, which has $8.7 billion in assets and nearly 100 banking
offices in eastern Massachusetts,
will soon be positioned to quickly launch new services and update
current offerings so that its customers consistently have access to
highly competitive online and mobile banking products.
Highlights:
- Eastern Bank selected Finacle for its product flexibility, deep
research and development capabilities and extensive global
experience;
- Finacle's open architecture will help the bank integrate with
third party solutions and partner products, while also roll out new
features to existing products seamlessly;
- The on premise deployment of Finacle will greatly reduce the
time-to-market for customized solutions and delivery of
enhancements to existing services by the bank;
- Finacle's user experience personalization capabilities will
allow the bank to deliver an intuitive and engaging experience for
its customers across segments.
Quotes:
Barbara Heinemann, Executive
Vice President, Chief Information Officer, Eastern Bank:
"At Eastern Bank, we are committed to putting the needs of
our customers first. We are especially 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."
Haragopal M, Global Head, Infosys Finacle:
"We are helping banks across the world put customers at the
heart of their transformation journey. Eastern Bank's unwavering
focus on delivering better and faster services to its customers is
the underlying foundation of this new platform designed on Finacle.
We look forward to bringing our vast global experience and proven
technology offerings to continue to make banking with Eastern Bank
a simple and enjoyable experience."
Additional Resources
- For the Innovation in Retail Banking 2013 report,
click here Infosys website or SlideShare
- Let's Simplify Banking white paper click here
- For more on Finacle Mobile Banking video click here
- For more on Finacle e-Banking click here
About Eastern Bank
Founded in 1818 and based in Boston, Eastern Bank is the largest and oldest
mutual bank in the country, with $8.7
billion in assets and more than 90 branches serving
communities from the Merrimack Valley to Cape Cod. Eastern Bank offers banking,
investments and insurance all under one roof, and prides itself on
working harder to understand its customers' needs so it can deliver
these services in a committed and personal way. Eastern Bank,
which includes Eastern Bank Wealth Management and Eastern
Insurance, is a recognized leader in corporate social
responsibility and for its advocacy on behalf of a number of social
justice causes. For more information, visit:
http://www.easternbank.com, http://www.facebook.com/easternbank or
http://www.twitter.com/easternbank.
About Infosys
Infosys is a global leader in consulting, technology and
outsourcing solutions. We enable clients, in more than 30
countries, to stay a step ahead of emerging business trends and
outperform the competition. We help them transform and thrive in a
changing world by co-creating breakthrough solutions that combine
strategic insights and execution excellence.
Visit http://www.infosys.com to see how Infosys (NYSE: INFY),
with US$8.2 B in annual revenues and
160,000+ employees, is Building Tomorrow's Enterprise® today.
Safe Harbor
Certain statements in this release concerning our future growth
prospects are forward-looking statements regarding our future
business expectations intended to qualify for the 'safe harbor'
under the Private Securities Litigation Reform Act of 1995, which
involve a number of risks and uncertainties that could cause actual
results to differ materially from those in such forward-looking
statements. The risks and uncertainties relating to these
statements include, but are not limited to, risks and uncertainties
regarding fluctuations in earnings, fluctuations in foreign
exchange rates, our ability to manage growth, intense competition
in IT services including those factors which may affect our cost
advantage, wage increases in India, our ability to attract and retain
highly skilled professionals, time and cost overruns on
fixed-price, fixed-time frame contracts, client concentration,
restrictions on immigration, industry segment concentration, our
ability to manage our international operations, reduced demand for
technology in our key focus areas, disruptions in telecommunication
networks or system failures, our ability to successfully complete
and integrate potential acquisitions, liability for damages on our
service contracts, the success of the companies in which Infosys
has made strategic investments, withdrawal or expiration of
governmental fiscal incentives, political instability and regional
conflicts, legal restrictions on raising capital or acquiring
companies outside India, and
unauthorized use of our intellectual property and general economic
conditions affecting our industry. Additional risks that could
affect our future operating results are more fully described in our
United States Securities and Exchange Commission filings including
our Annual Report on Form 20-F for the fiscal year ended
March 31, 2013 and on Form 6-K for
the quarter ended December 31, 2013.
These filings are available at http://www.sec.gov. Infosys may,
from time to time, make additional written and oral forward-looking
statements, including statements contained in the company's filings
with the Securities and Exchange Commission and our reports to
shareholders. In addition, please note that the date of this press
release is mentioned at the beginning of the release, and any
forward-looking statements contained herein are based on
assumptions that we believe to be reasonable as of this date. The
company does not undertake to update any forward-looking statements
that may be made from time to time by or on behalf of the company
unless it is required by law.
SOURCE Infosys