Month: March 2010

Key Innovation Trends unveiled during a seminar By Finacle From Infosys and EFMA

Bangalore, London, March 31 2010 – Infosys Technologies Ltd unveiled the findings on trends and efforts on innovation among banks in Turkey. Recently Infosys joined hands with European Financial Management & Marketing Association (EFMA) and hosted a seminar to deliberate with Turkish bankers on the findings of a survey on innovation in banking across Europe.

Senior management from 89 banks in 26 countries across Europe contributed to the research which brought out some interesting facts on Turkey’s leadership on Innovation in Retail Banking. 100% of the Turkish banks in the survey believed that the importance of innovation was high for both operational efficiency and future growth. In comparison, 75% and 82% of banks across Europe pegged the importance of innovation for growth and efficiency as high, respectively. Further, all the banks in Turkey believed that the importance of IT for innovation is high though 83% of these banks believe they are leaders in the use of IT for innovation. Across Europe, 90% banks rated importance of IT for innovation high and only 32% believed they are leaders in the use of IT for innovation. Innovation leadership featured high on the list of business strategies for banks in the country although the survey revealed that only 50% of banks in Turkey (as against only 37% of banks across Europe) have a formal innovation strategy.

Patrick Desmarès, Secretary General, EFMA, said, “In this time of crisis, there is a danger that banks will allow other priorities to slow down the pace of innovation, but this is precisely the time when innovation can lay the platform for future growth and efficiency. Banks in Turkey are well on the path to creating future growth and efficiency from innovation. ”

According to Amit Dua, Associate Vice President and EMEA Regional Manager – Finacle, Infosys Technologies Ltd, “Turkish banks have clearly indicated a preference for innovation as a key enabler for their business strategy and the importance of IT in fueling innovation. Finacle from Infosys has been on the forefront of banking technology and is powering some of the best run banks in the world on their innovation journey. We are committed to employing our global capabilities and best practices to support the innovation aspirations of banks in the country.”

As a leader in banking transformation, Finacle™ has a global footprint across 65 countries and has been acknowledged among the leaders in the core banking solution space by top analysts including Gartner and Forrester. Finacle™ is also the winner of a series of awards for its innovation and implementation capabilities, the most notable ones being The Banker Technology Award, The Asian Banker IT Implementation Award and The Banking Technology Judge’s Special Award for “Innovative Use of IT”.

About Finacle™ Universal Banking Solution

Finacle from Infosys partners with banks to power-up their innovation agenda, enabling them to differentiate their products and service, enhance customer experience and achieve greater operational efficiency. This proven and effective framework for multi-disciplinary change, enables banks to shift their strategic and operational priorities.

Finacle solutions address the core banking, e-banking, Islamic banking, treasury, wealth management and CRM requirements of retail, corporate and universal banks worldwide.

Several powerful and differentiating features make Finacle one of the most comprehensive, flexible and scalable universal banking solution in its class. These solutions when associated with Finacle services empower banks to maximize their opportunities for growth, while minimizing the risks that come with large-scale business transformation. For more information, visit www.infosys.com/finacle

About Infosys Technologies Ltd

Infosys (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a Flat World. These solutions focus on providing strategic differentiation and operational superiority to clients. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 104,000 employees in over 50 offices worldwide. Infosys is part of the NASDAQ-100 Index and The Global Dow. For more information, visit www.infosys.com.

Infosys Technologies Ltd – Safe Harbor

Statements in connection with this release may include forward-looking statements within the meaning of US Securities laws intended to qualify for the “safe harbor” under the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties including those described in our SEC filings available at www.sec.gov including our Annual Report on Form 20-F for the year ended March 31 2009 and our other recent filings, and actual results may differ materially from those projected by forward-looking statements. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.

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Finacle 10 for banking transformation and Finacle Inclusion solution to power Innovation for banks in the region

London, Nairobi, Bangalore, March 29 2010. Infosys Technologies Ltd showcased Finacle 10 and Finacle Financial Inclusion solution for banks in East Africa.

Finacle 10 will enable banks to transform their operations through standard platform and processes. A set of over 5000 parameters and an enhanced scripting studio will deliver rapid product innovation. The solution also brings a whole new set of offerings including Islamic banking, wealth management; and an enhanced mobile banking solution. Eight Tier-1 and Tier-2 banks around the world have already transformed their operations with Finacle 10.

According to James Mwangi, Chief Executive Officer, Equity Bank, Kenya, “Over the last 6 years, Finacle has provided Equity Bank a truly differentiated transformation model and is core to our business strategy. Leveraging Finacle’s state-of-the-art technology we are able to offer our customers a range of innovative products and services at reduced cost, enabling greater inclusive growth.”

According to Amit Dua, Associate Vice President and EMEA Regional Manager – Finacle, Infosys Technologies Ltd., “East Africa is a strategic region for Finacle and we will continue to invest and innovate to benefit our clients in the region. Finacle 10 with its powerful multi-entity infrastructure and transformational capabilities can help banks innovate and improve productivity to meet dynamic customer demands. With Finacle inclusion solution, banks can create a new segment by offering a differentiated value proposition for the unbanked.”

The Finacle Inclusion Solution enables banks to gain access to a new customer segment by setting up a low-cost channel to bank the unbanked. The solution can interface with any core banking solution directly or through an industry standard middleware. It enables banking customers to access their accounts through a business correspondent network. The bank’s field staff and extended correspondent network, is in turn enabled to support customer registrations, cash transactions and service both inquiries and requests. It supports multi-channel delivery of offerings with optimal operational efficiency and enables regulation compliance across markets. More details on the solution are available at:https://www.edgeverve.com/finacle/.

As a leader in banking transformation, Finacle has a global footprint across 65 countries and has been acknowledged among the leaders in the core banking solution space by top analysts including Gartner and Forrester. Finacle is also the winner of a series of awards for its innovation and implementation capabilities, the most notable ones being The Banker Technology Award, The Asian Banker IT Implementation Award and The Banking Technology Judge’s Special Award for “Innovative Use of IT”.

About Finacle Universal Banking Solution

Finacle from Infosys partners with banks to power-up their innovation agenda, enabling them to differentiate their products and service, enhance customer experience and achieve greater operational efficiency. This proven and effective framework for multi-disciplinary change, enables banks to shift their strategic and operational priorities. Finacle solutions address the core banking, e-banking, Islamic banking, treasury, wealth management and CRM requirements of retail, corporate and universal banks worldwide. Several powerful and differentiating features make Finacle one of the most comprehensive, flexible and scalable universal banking solution in its class. These solutions when associated with Finacle services empower banks to maximize their opportunities for growth, while minimizing the risks that come with large-scale business transformation. For more information, visit www.edgeverve.com/finacle

About Infosys Technologies Ltd

Infosys (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a Flat World. These solutions focus on providing strategic differentiation and operational superiority to clients. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 104,000 employees in over 50 offices worldwide. Infosys is part of the NASDAQ-100 Index and The Global Dow. For more information, visit www.infosys.com

Infosys Technologies Ltd – Safe Harbor

Statements in connection with this release may include forward-looking statements within the meaning of US Securities laws intended to qualify for the “safe harbor” under the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties including those described in our SEC filings available at www.sec.gov including our Annual Report on Form 20-F for the year ended March 31 2009 and our other recent filings, and actual results may differ materially from those projected by forward-looking statements. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.

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For further information, please contact:

An Easy-To-Use, Scalable And Extensible Treasury Solution With Rapid Deployment Capabilities

Bangalore, London, New York, March 11 2010 – Infosys Technologies Ltd. today announced the launch of Finacle Treasury-in-a-Box™, a rapid implementation framework for an integrated front, middle and back office treasury system.

Built on best-of-breed open technology platforms, providing high scalability, flexibility and straight-through-processing capability, Finacle Treasury-in-a-Box™ allows banks to get started with minimum scoping effort and leverage an extensive menu of features, interfaces and functionalities. It supports a wide range of financial products and their derivatives in foreign exchange, money markets, fixed income and equities.

Progressive treasury departments at banks today need a technology platform flexible enough to evolve and scale as per growing requirements with simultaneous optimization of technology development efforts and financial investment. On the other hand, modernizing treasury systems remains a critical challenge for banks. The perceived business risks and a prolonged implementation process and apprehension on scale of investment drive banks to continue with their current solutions that has limited capabilities and high maintenance cost.

According to Haragopal Mangipudi, Global Head – Finacle, Infosys Technologies, “With Finacle Treasury-in-a-Box, banks have a viable alternative in an easy-to-use, innovative solution that grows with evolving requirements. Rapid implementation with controlled spending is of essence since banks can select the functions that matter the most. Time to market advantage is critical for any successful implementation and Finacle Treasury-in-a-Box is designed to help our clients reap this benefit.”

Finacle Treasury-in-a-Box™ provides full support for the trading, risk management and administration of on-balance-sheet and off-balance-sheet financial market products. The solution enables banks to custom-build a treasury system with minimum time and effort and enhanced process efficiency. It also provides full back office processing capabilities including general ledger, and has extensive middle office features such as integrated market and credit risk management (including value at risk), limits management and liquidity management.

A leader in banking transformation, Finacle has a global footprint across 65 countries. Finacle is also the winner of a series of awards for its innovation and implementation capabilities, the most notable ones being The Banker Technology Award, The Asian Banker IT Implementation Award and The Banking Technology Judge’s Special Award for “Innovative Use of IT”.

About Finacle Universal Banking solution

Finacle from Infosys partners with banks to power-up their innovation agenda, enabling them to differentiate their products and service, enhance customer experience and achieve greater operational efficiency. This proven and effective framework for multi-disciplinary change, enables banks to shift their strategic and operational priorities.

Finacle solutions address the core banking, e-banking, Islamic banking, treasury, wealth management and CRM requirements of retail, corporate and universal banks worldwide.

Several powerful and differentiating features make Finacle one of the most comprehensive, flexible and scalable universal banking solution in its class. These solutions when associated with Finacle services empower banks to maximize their opportunities for growth, while minimizing the risks that come with large-scale business transformation. For more information, visit www.edgeverve.com/finacle

About Infosys Technologies Ltd

Infosys (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a Flat World. These solutions focus on providing strategic differentiation and operational superiority to clients. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 104,000 employees in over 50 offices worldwide. Infosys is part of the NASDAQ-100 Index and The Global Dow. For more information, visit www.infosys.com

Safe Harbor

Statements in connection with this release may include forward-looking statements within the meaning of US Securities laws intended to qualify for the “safe harbor” under the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties including those described in our SEC filings available at www.sec.gov including our Annual Report on Form 20-F for the year ended March 31 2009 and our other recent filings, and actual results may differ materially from those projected by forward-looking statements. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.

Press contact

For further information, please contact: