Infosys Finacle selected by Keytrade Bank for core banking system modernization

BRUSSELS, BELGIUM – Keytrade Bank, Belgium’s premier online bank and a part of the extensive French banking group, Credit Mutuel Arkea, has announced its decision to partner with Infosys Finacle for the modernization of its core banking system.

Infosys Finacle, a subsidiary of Indian tech giant Infosys, will replace Keytrade Bank’s existing legacy platform, bolstering its digital maturity and enhancing its ability to innovate, operate, and engage with customers effectively.

This collaboration aims to overhaul the bank’s core banking ecosystem to achieve greater efficiency, faster time-to-market for products, advanced technology architecture, and ensure an optimal experience for its customers. Moreover, the bank will avail the Infosys Finacle suite in a software-as-a-service (SaaS) mode on the Microsoft Azure public cloud.

Following the implementation of the Finacle Core Banking Solution, Keytrade Bank is expected to benefit from a secure, scalable, and flexible solution that can fast-track innovation and the launch of new initiatives. This allows the bank to independently design and introduce a wide range of banking products to the market with ease.

The modernization initiative is set to considerably enhance operational efficiency by advancing the bank’s digitization and automation processes. Furthermore, it offers Keytrade Bank the opportunity to tap into Finacle’s extensive open application programming interface (API) repository on the cloud, enhancing its agility and ease of integration with ecosystem partners.

Infosys Finacle roped in by Belgian online bank Keytrade Bank for modernization of its core banking system. Photo courtesy of Infosys Limited.

The Software-as-a-Service (SaaS) deployment on Microsoft Azure ensures greater availability and resilience, effectively powering Keytrade Bank’s core business operations and fostering growth. As such, this modernization plan represents a significant step in enhancing Keytrade Bank’s technological capabilities, situating it as a frontrunner in the provision of cutting-edge digital banking services.

Sanat Rao — Infosys Finacle Chief Business Officer and Global Head said: “We are delighted to collaborate with Keytrade Bank in their digital transformation journey and look forward to its success.

“With Finacle, Keytrade Bank has a core banking solution that has proven itself around the world for accelerating innovation, driving automation and operational excellence, and helping deepen customer engagements. This collaboration marks yet another milestone in our expanding presence in Europe and underlines our commitment to helping European banks stay ahead in the digital age.”

Overall, this modernization initiative stands to redefine Keytrade Bank’s technological capabilities, positioning it as a forerunner in providing state-of-the-art digital banking services.

Thierry Ternier — Keytrade Bank CEO said: “As the sponsor of the project, I am a strong believer in the program because it will strengthen the foundations of our company and make us future-proof to tackle the challenges of a fast-moving environment. Our ultimate goal is to create value and satisfaction for our customers and employees.

“I am convinced that this program will be a major enabler in reaching those strategic goals. We have chosen Infosys Finacle as our partner for the program because of their worldwide expertise, implementation plan, and price offering.”