ING Belgium selects Finacle™ from Infosys for Core Banking Transformation

Bank to Benefit from Accelerated Product Innovation and Advanced Service Levels

London – March 22, 2012: ING Belgium, one of Belgium’s leading banks, announced today that it has selected Finacle™ universal banking solution to transform its core banking software. Finacle will power multiple lines of the bank’s business including savings and current accounts, deposits and loans. With this transformation, ING will modernize services for its growing customer base in Belgium, deliver operational efficiencies, bring products to market faster and improve customer experience.

Highlights/Key Facts

Frank Stockx, Chief Information Officer, ING Belgium, commented: ‘For many years now, we have seen a standardization and globalization of the back-office processes. The current solutions have grown up and are mature enough to integrate our banking IT environment. Working with Finacle gives us more flexibility and lets us concentrate our forces on the customer needs, which is part of our strategy to become the first universal direct bank.’

Sanat Rao, Vice President and Global Head Client Services, Finacle, Infosys said: ‘Our relationship with ING is a further endorsement of Finacle’s success in partnering with world class banks embarking on transformation projects with underlying complexities of a modular phased replacement of legacy systems alongside associated organizational change. With this partnership we are delighted to have expanded our European footprint in the BeNeLux market. We are confident that the enhanced core banking platform from Finacle will ensure ING becomes increasingly efficient, competitive and innovative across their operations.’

About ING Belgium

ING Belgium SA/NV services all banking customers with a wide range of financial products and via the distribution channel (click, call & face) of their choice. ING Belgium SA/NV employs 9.845 persons (December 2011) and is a full subsidiary of ING Group N.V. which services 67 million private, corporate end institutional clients in more than 40 countries in Europe, North America, Latin America, Asia and Australia.

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 solutions 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

Many of the world’s most successful organizations rely on the 145,000 people of Infosys to deliver measurable business value. Infosys provides business consulting, technology, engineering and outsourcing services to help clients in over 30 countries build tomorrow’s enterprise. For more information about Infosys (NASDAQ: INFY), visit www.infosys.com

Safe Harbor

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2011 and on Form 6-K for the quarter ended September 30, 2011 and December 31, 2011.These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company.

Press contacts:

Infosys Press Office
Joya Ahluwalia
Infosys Ltd, India
+9180 41565002
Joya_Ahluwalia@infosys.com

Infosys Press Office: EMEA
Gary Follos
Infosys
Gary_Follos@infosys.com

Bank Press Office
Alexandre Pluvinage
ING Belgium
+32 2 547.25.90
pressoffice@ing.be

BAI-Finacle Global Banking Innovation Awards 2012: Nominations Open

Awards celebrate innovations that drive excellence in retail banking

CHICAGO – March 20, 2012: BAI and Finacle™ from Infosys are now accepting nominations for their prestigious global awards program, the BAI – Finacle Global Banking Innovation Awards 2012. For the second consecutive year, this awards program recognizes breakthrough innovation that positively impacts profitability and customer experience for best-in-class retail banking organizations. The awards program provides a unique platform for industry leaders to showcase their achievements as they accelerate innovation to build the banks of tomorrow.

Nominations for this award can be submitted by retail banks, solutions providers or industry partners, but only banks are eligible to receive the awards. The call for global nominations begins today and can be submitted online at www.baiglobalinnovations.com until June 15, 2012.

Award winners and finalists will be honored at a special ceremony at BAI Retail Delivery 2012 to be held in Washington D.C., October 9 – 11. This annual conference and expo is the retail banking industry’s premier event, drawing hundreds of exhibitors and thousands of senior-level bank executives from nearly 50 countries.

In 2011 – the inaugural year of the awards – more than 200 leading organizations from around the world submitted nominations to compete for this prestigious recognition. Last year’s winners honored for their breakthrough innovation include:

‘The inaugural year of our global awards program was very successful and the second year promises to be just as exciting and inspiring,’ says Debbie Bianucci, president and chief executive officer of BAI. ‘We believe that the recognition of this awards program is indicative of the importance banks place on not only being innovative, but also in serving their customers well.’

According to Haragopal Mangipudi, Global Head – Finacle™, Infosys, ‘Innovation-driven growth is a key driver for the success of banks globally and the BAI-Finacle Global Innovation Awards honour that. As a preferred partner for the transformation journey undertaken by banks globally, Finacle™ is proud to collaborate with BAI and reinforce our continued commitment to foster new thinking.’

For the 2012 awards program, nominations will be solicited from across the globe and will be reviewed by the Innovation Circle Judging Panel, a distinguished international group of prominent industry thought-leaders, academics and retail banking professionals. This objective and independent panel will be responsible for selecting the finalists and winners.

About BAI

BAI is the financial services industry’s partner for breakthrough information and intelligence needed to innovate and stay relevant in an evolving marketplace. For more than 85 years, BAI has focused on advancing the industry by offering unbiased education and research. BAI’s offerings are as diverse as the industry, and include premier events such as BAI Retail Delivery Conference & Expo, groundbreaking research and performance metrics, professional learning and development programs, and in-depth editorial coverage through BAI Banking Strategies. For more information, go to www.BAI.org

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 solutions 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 Ltd

Many of the world’s most successful organizations rely on the 145,000 people of Infosys to deliver measurable business value. Infosys provides business consulting, technology, engineering and outsourcing services to help clients in over 30 countries build tomorrow’s enterprise. For more information about Infosys (NASDAQ: INFY), visit www.infosys.com.

Safe Harbor

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2011 and on Form 6-K for the quarter ended September 30, 2011 and December 31, 2011.These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company.

Press Contact

For more information, press only:
Jeannette Weiland
BAI
1 312 683-2319
jweiland@bai.org

Joya Ahluwalia – Infosys Press Office
Infosys Ltd, India
+918041565002
Joya_Ahluwalia@infosys.com

Standard Bank Namibia Launches New Core Banking System

Bangalore, Namibia – March 12, 2012: Standard Bank Namibia has launched its new core banking system, known as Finacle, which will significantly improve the quality of its service offering to customers.

The migration to the new system, which began in 2009 and was completed last month, is now also in line with the regulatory requirements of the Bank of Namibia (BON).

Speaking at the official launch of the new core banking system on 9 March 2012, Chairperson of the Standard Bank Namibia Board, Herbert Maier, said the new system will empower the group to derive optimal value from data at its disposal and meet a whole range of operational, business and strategic objectives. He said the new system was part of the group’s objectives continuously seeking innovative ways that ensure it provides affordable services that offers more value to our loyal customers.

“The easy-to use system provides decision makers an anytime-anywhere unified view of the bank’s structured operational data. It guarantees high fidelity and consistency across reporting, playing a pivotal in transforming key institutional data into measurable performance indicators. This will enable us to pass more value to our loyal customers,” he said.

“Standard Bank is therefore delighted with the successful launch of the new Finacle system. It will undoubtedly go a long way in ensuring that customers enjoy the best possible delivery of products and services well into the future. With an integrated single view of a customer we will be in a better position to understand our customer’s behaviors and needs and therefore be able to provide them with better service.”

“The new Finacle system will enable us to identify the gaps in our products as well as allow us to quickly replicate and make amendments to the products as dictated by our customer needs.”

“With the enhancement to our customer facing processes such as loan origination, we will be able to deliver quicker turnaround times and ensure that we provide a consistent customer experience at all times. We are enthusiastic about the abilities of Finacle and how this can enhance our customer experience and position in the market” said Maier.

He said that customer funds and customer information have remained safe and protected all through the implementation process.

“Our priority remains to service the needs of our customers and to help them through any challenges they might experience. We are certainly grateful to our customers for their understanding and support during the transition period,” said Maier.

According to Amit Dua, Associate Vice President and EMEA Head – Finacle, Infosys, “We are delighted to partner with Standard Bank on this important multi-country transformation project. With 154 customers across 75 countries, Finacle is today servicing 15% of the global banked population. We believe, our decade long experience of working with banks, in Africa, and in accelerating innovation for our clients positions us as the right partner for Standard Bank to help them sustain their regional market leadership.”

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 solutions 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 Ltd

Many of the world’s most successful organizations rely on the 145,000 people of Infosys to deliver measurable business value. Infosys provides business consulting, technology, engineering and outsourcing services to help clients in over 30 countries build tomorrow’s enterprise. For more information about Infosys (NASDAQ: INFY), visit www.infosys.com.

Safe Harbor

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2011 and on Form 6-K for the quarter ended June 30, 2011 and September 30, 2011.These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company..

For further information, please contact:
Infosys press office
Joya Ahluwalia
Infosys Ltd, India
+9180 41565002
Joya_Ahluwalia@infosys.com

Rejoice Itembu
Standard Bank PR and Corporate Communication
+264 (61) 294 2529
rejoice.itembu@standardbank.com.na

Kotak Mahindra Bank goes live on Finacle™ to accelerate innovation-led growth

Mumbai, Bangalore India – March 1, 2012: Kotak Mahindra Bank, one of India’s fastest growing banks, and Infosys, a global leader in consulting & technology, today announced the successful implementation of Finacle 10 universal banking solution across 335 bank branches. This big bang implementation saw Finacle core banking and e-banking solutions roll out simultaneously across all the branches of Kotak Mahindra Bank in India. The entire implementation, which replaced the Bank’s legacy core banking system with no disruption to business, was completed in 18 months.

With the objective of becoming future-ready and driving its ambitious growth plans, Kotak Mahindra Bank decided to replace its existing core banking system. Some of the key requirements the Bank was looking to support included – building a functionally rich yet scalable technology backbone, enabling organizational flexibility and ensuring that the new solution integrates seamlessly with multiple other systems within the bank. Finacle 10 was found to be the best fit, both functionally and technologically. The Bank has already seen a 44% increase in the number of accounts added post implementation.

Leveraging Finacle, the Bank is aiming to drive:

Mr. KVS Manian, President – Consumer Banking, Kotak Mahindra Bank said, Banking in this era is technology driven. To enhance our customer experience, we needed an advanced core banking platform like Finacle, to help us meet the dynamic needs of our customers. Finacle, with its leadership in banking innovation, provides superior functionality and ease of integration with multiple other systems- both key differentiators of a technology engine that will power our customer service and business growth objectives.”

Mr. Haragopal M, Global Head, Finacle said, At Finacle, we believe in accelerating innovation for our clients. With this technology transformation program, we’re happy that the bank has been able to derive significant benefits in terms of both growth and operational efficiencies. Technology is playing an important role in building tomorrow’s banks and we are committed to collaborate with progressive banks, like Kotak Mahindra Bank, to set new benchmarks for excellence in the banking industry.”

About Kotak Mahindra Bank

https://www.kotak.com

Established in 1985, the Kotak Mahindra group is one of India’s leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the group’s flagship company, received banking license from the Reserve Bank of India (RBI). With this, KMFL became the first non-banking finance company in India to become a bank – Kotak Mahindra Bank Ltd.

Kotak Mahindra Bank offers complete retail financial solutions for varied customer requirements. The Savings Account goes beyond the traditional role of savings and provides a range of services through a comprehensive suite of investment services and other transactional conveniences like Online Shopping, Bill Payments, ASBA, Netc@rd, ActivMoney (Automatic TD sweep-in and Sweep-out) etc. The Bank also offers an Investment Account where Mutual Fund investments are recorded and can be viewed in a consolidated fashion across fund houses & schemes. One can purchase, redeem, switch and even make systematic investments in Mutual Fund Schemes of over 20 Indian Mutual Fund houses. All this can be availed through Internet or phone banking services. The Bank also offers loan products such as Home Loans, Personal Loans, Commercial Vehicle Loans, etc. Keeping in mind the diverse needs of the Business Community, Kotak Mahindra Bank offers comprehensive business solutions that include Current Account, Trade Services, Cash Management Services and Credit facilities. Kotak Mahindra Bank has over 335 branches and over 803 ATMs spread across 193 locations in the country. The Bank has the products, the experience, the infrastructure and most importantly the commitment to deliver pragmatic, end-to-end solutions that really work.

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 solutions 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 Ltd

Many of the world’s most successful organizations rely on the 145,000 people of Infosys to deliver measurable business value. Infosys provides business consulting, technology, engineering and outsourcing services to help clients in over 30 countries build tomorrow’s enterprise. For more information about Infosys (NASDAQ: INFY), visit www.infosys.com.

Safe Harbor

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2011 and on Form 6-K for the quarter ended June 30, 2011 and September 30, 2011.These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company..

Press Contact

For more information, press only:
Infosys Press Office
Joya Ahluwalia
Infosys Ltd, India
+9180 41565002
Joya_Ahluwalia@infosys.com
Kotak Mahindra Bank Press Office
Rohit Rao
Kotak Mahindra Bank
+91 91679 30026
Rohit.rao@kotak.com