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Nykredit Bank deploys Infosys Finacle core banking software

Denmark based Nykredit Bank has added Infosys core banking software Finacle to its corporate lending business, to meet the growing demand of corporate and retail banking business in the country.

The new core banking system helps in speedy launch of products and functionalities, and also smoothly integrates with other systems within the bank.

It also helps the lender to manage future customizations in-house to comply with business and IT requirements, while scaling up operations to support forecasted growth across segments and services.

The Danish mortgage lender is also planning to introduce additional lines of business onto the Finacle platform.

Nykredit has a 42.6% market share in mortgage lending and 5.2% commercial banking market, and is also trying to boost corporate and retail businesses in the country.

Infosys manages 66 offices and 69 development centers in the US, India, China, Australia, Japan, Middle East, the UK, Germany, France, Switzerland, Netherlands, Poland, Canada and many other countries.