Lendtech project for Infosys Finacle in Malta
Mediterranean Bank in Malta has replaced its legacy lending solution with Infosys’ Finacle.
The system’s lending module will “manage the entire loan-servicing lifecycle” and provide the bank with “a unified, consistent platform for its corporate customers”, Infosys says. It will also lower the costs and enhance the bank’s overall revenues, the vendor adds.
Mediterranean Bank is already an established user of Finacle for its core banking operations, treasury and corporate online banking at its home market in Malta as well as at its subsidiary in Belgium. The Belgian subsidiary operates under the MeDirect brand and is an online savings, investment and wealth management platform.