The Co-operative Financial Services (CFS) has chosen Infosys’ Finacle™ Universal Banking Solution to power its business transformation initiative.

As part of the programme, CFS will replace systems across its back-office in the retail banking and corporate banking businesses with Finacle™. This initiative will also include the implementation of Finacle™ core banking, CRM and e-banking solutions across their home-market operations in the UK.

David Anderson, Chief Executive at The Co-Operative Financial Services, said, “Deploying the right technology is critical to creating a client-centric business based on our core principles of value, fairness and social responsibility.”

According to Infosys, the Finacle™ platform is in use in over 60 countries worldwide.

No financial details were released.