Bangalore: Infosys Technologies Ltd. on February 21 announced that it had provided business process consulting, analysis and implementation for GreenPoint's core business systems, improving productivity and reducing operation costs by more than five million Dollars a year.

An Infosys press release said dramatic shifts in mortgage rates had seen business volumes rapidly outgrow GreenPoint's existing business processes and information systems.

The Infosys-led project, which began in June 2001, streamlined business processes and improved the capabilities of this GreenPoint Financial Corp. subsidiary's information systems to improve loan-processing output, reduce inaccuracies, improve response times and minimise operating costs, the release said.

PTI