Since the deployment of the core banking solution, the bank has increased its customer base from 34,000 to over 100,000, almost triple in size.

The bank hopes that the new Infosys e-banking platform will assist in attracting more customers and speeding up delivery of new lending products.

ZUNO Bank is the direct bank of Raiffeisen Bank International that began Slovakia operation in 2012 with an initial portfolio of deposit products, including current accounts, debit cards, saving accounts and term deposits.

ZUNO Bank CEO Andras Hamori 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."

"This requires a reliable and strong business partner, and Infosys has successfully delivered to meet our needs."