Wed, 02 Feb 2005

HP, Infosys introduce Finacle

JAKARTA: Hewlett-Packard and its global partner Infosys introduced on Tuesday a banking solution called Finacle to help Indonesian banks transform their information on technology (IT) systems in meeting changes of demands.

"Demands are changing because Indonesia's banking industry is facing a complexity of internal and external challenges such the introduction of new regulations, changes of political leaders and influences of foreign investment," said HP president director for Indonesia Elisa Lumbantoruan.

He explained that the Finacle -- with an open-system technology such as on its core banking solution -- offered comprehensive functionality across back-office and front-office, high scalability and integrated costumer relationship management.

He also hoped that HP can be a dominant player in the IT industry throughout Indonesia. -- JP/004