ZUNO Bank, a direct bank owned by Raiffeisen Bank International AG, and Infosys have successfully rolled out a new lending product portfolio which includes personal retail loans and overdraft lines in Slovakia and the Czech Republic.
Infosys in a release said that in the first six months of operation, the bank increased its customer base from 34,000 to over 1 lakh. It said that the new lending portfolio was implemented in less than a year.
Mr Andras Hamori, CEO, ZUNO Bank, said: “The IT system is the backbone of ZUNO’s banking model. We need it to support our operations across countries while at the same time allowing us to continually offer new products to our customers.”
Mr Amit Dua, Associate Vice-President and Head – EMEA, Finacle, Infosys, said: “The direct banking phenomenon continues globally and ZUNO Bank is a great success story of how a bank can take advantage of changing market needs to grow their business and meet the demands of new generation consumers.”