Croatia-based Hrvatska Postanska Banka (HPB) has chosen Indian IT major Infosys’ Finacle Payments solution to offer bespoke payment service to its customers.

The new solution will enable HPB streamline payments operations and serve its customers cost-effectively and enhance their experience, Infosys said in a statement.

The Finacle solution will allow HPB to meet single euro payments area requirements and support Croatia’s harmonisation with European Union regulations and Payment Service Directive.

Additionally, the solution will offer the bank with an advanced enterprise-payment-services hub to manage payments lifecycle.

Infosys said that the solution’s scalability and open architecture will support easy implementation as well as the bank’s business growth in the future.

Infosys senior vice president and global head Finacle Michael Reh said: "Finacle is committed to helping HPB enhance its customer service, manage its operations with greater efficiency, and meet the required reporting and compliance obligations."

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By GlobalData