Mandates and payments roundup, August 9

Bank Chinatrust Indonesia selects a core banking solution from Infosys, while China UnionPay signs a new card acceptance agreement for the US and Europe.

Bank Chinatrust Indonesia implements solution from Infosys

Bank Chinatrust Indonesia, a subsidiary of Chinatrust Commercial Bank, has selected a core banking solution from India-based technology services company Infosys. The solution, called Finacle, replaced the bank’s legacy system and drives its operations across 13 branches.

“Finacle is a robust and scalable solution offering all the functionality we need to provide a wide and varied portfolio of offerings to our customers from day one,” said Derek Lo, head of global retail operations and information technology at Chinatrust Commercial Bank, in a statement. “This new platform will also enable us to unify disparate systems and reduce turnaround time.”

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