Infosys Finacle™ a leader among Global Banking Platforms: Independent research firm

Bangalore, December 18: Infosys today announced that Finacle™, the universal banking solution, has been ranked as a long-term leader in The Forrester Wave™: Global Banking Platforms, Q4 2012, published by Forrester Research, Inc. Vendor offerings were evaluated on 62 key parameters for banking platforms under the categories of Current Offerings, Strategy and Market presence. Infosys Finacle™ scored highest in the categories of multichannel enablement and implementation and development resources.

In The Forrester Wave™ report, Jost Hoppermann, Vice President, Principal Analyst, wrote – “Infosys is one of the long-term Leaders. Infosys Finacle™ banking platform offers strong, close to very strong, overall functionality. The product base is very broad, and business capabilities are very strong. The product configurator is strong across comprehensiveness, pricing, bundling, and commissions. The ability to enable multichannel support is strong, with a high number of directly supported channels. Platform agility is strong based on sound, close to strong, application architecture and strong support of development and integration.”

Haragopal M, Global Head – Finacle™, Infosys said, “Banks today are faced with several demands like catering to changing customer dynamics and managing multiple banking channels; they also have to constantly look for ways to tap into new markets while adhering to tough regulatory requirements. Finacle™’s technology-led innovations not only enable banks to run their business effectively but also lay a strong foundation that will help transform their banks for tomorrow. We believe The Forrester Wave™: Global Banking Platforms study reaffirms our position as a partner of choice for banks globally.”
Infosys Finacle™ partners with banks to transform process, product and customer experience, arming them with a host of innovations. Today it is the banking solution of choice for 165 banks across 80 countries and serves more than 350 million customers efficiently.

Click here for more information on Infosys Finacle

About Infosys

Infosys partners with global enterprises to drive their innovation-led growth. That’s why Forbes ranked Infosys 19th among the top 100 most innovative companies. As a leading provider of next-generation consulting, technology, and outsourcing solutions, Infosys helps clients in more than 30 countries realize their goals. Visit www.infosys.com and see how Infosys (NYSE: INFY), with its 150,000+ people, is Building Tomorrow’s Enterprise® today.

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 the United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2012, and on Form 6-K for the quarters ended December 31, 2011, June 30, 2012 and September 30, 2012.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:
Asia Pacific
Abhijith Karthikeya D
Infosys, India
Phone: +91 80 41563373
Abhijith_Damodar@infosys.com
Japan
Jo Ando
Infosys, Japan
Phone: +81 355453257
jo_ando@infosys.com
The Americas
Danielle D’Angelo
Infosys, US
Phone: +1 925 719 7602
Danielle_Dangelo@infosys.com
EMEA
Paul De Lara
Infosys, UK
Phone: +44 2075162748
Paul_deLara@infosys.com

SACOMBANK Selects New Generation Internet And Mobile Banking Solution From Infosys Finacle

Bank Aims to Serve the Internet Banking Needs of 2 Million Customers by 2016

Ho Chi Minh City, Vietnam – December 11, 2012: Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) has announced its partnership with Infosys, a global leader in consulting and technology, to implement the new generation Finacle e-banking & mobile banking solution. The Bank will install Finacle’s consumer e-banking, corporate e-banking, and mobile banking solutions. The solutions will enable the bank to develop sophisticated Internet banking products and services with faster roll out times, targeted at improving customer satisfaction. It will also help influence customer loyalty through unique personalization capabilities, industry-leading security features and intelligent customer insights that will drive the adoption of online banking.

Given Vietnam’s relatively high Internet usage rates and strong willingness among customers to adopt new technology, Sacombank envisages an addition of several million e-banking customers over the next few years. The bank, therefore, required an e-banking solution that would offer both flexibility and scalability to support its expansion plans, while improving customer experience. The bank chose Finacle’s new generation solution for its extensible architecture and unique persona-driven features.

Finacle’s e-banking solution will enable Sacombank customers to use advanced online functions and services such as personal financial management, liquidity management, and online L/C. Corporate clients, in particular, can submit payment orders via mobile phone after the e-banking system upgrade that is scheduled for December next year. This is in addition to the current Internet and mobile phones based services such as intra-bank and bank-to-bank transfers, utility bill payments, term deposit purchase, airlines ticket purchase, prepaid card top-up, etc.

Nguyen Minh Tam, Deputy CEO of Sacombank said: “To keep pace with the development of the banking sector as well as the increasing popularity of the Internet and hence higher usage of Internet banking, Sacombank has set Information Technology – one of the four key strategies – to be the top priority in the Bank’s 2011-2015 development period. In order to achieve this key objective, Sacombank has invested heavily on information technology system in the recent years, including e-banking transaction channel. Therefore, this cooperation with Infosys will open up opportunities for Sacombank to further penetrate in the very potential market and to set a solid foundation to become the best service and most competitive bank in Vietnam and the region. The objective of this project is to enhance our capability to serve the e-banking needs of more than 2,000,000 customers by 2016 and to allow customers to make almost all banking transactions over Internet.”

Sanat Rao, Vice President and Global Head – Client Services, Finacle, Infosys said: “Sacombank is a pioneer in the Indo-China market for innovation and commitment to excellence and we are privileged to be chosen as the bank’s strategic technology partner. Channels, especially online and mobile, are the top innovation priorities and key growth levers for tomorrow’s banks. With Finacle’s proven channel banking solutions, we are committed to helping Sacombank innovate and engage more consumers in newer ways. This as an exciting opportunity for us and strongly underlines Infosys’ capabilities to support banks throughout Vietnam and the ASEAN region.”

About Sacombank

Saigon Thuong Tin Commercial Joint Stock Bank ( Sacombank) was established on 21/12/1991. Sacombank has been a pioneer in expanding its branch network in Laos and Cambodia. Especially, being the only bank in Vietnam to open special branches for women and the Chinese-speaking community. As of 30/09/2012, there are 416 transaction points, including 7 transaction points in Cambodia and Laos. According to the Q3 reports, accumulated profit before tax in 3 first quarters of 2012 was VND 2, 107 billion, equivalent to 62% of the plan in 2012. Recently, Standard & Poor’s (S & P) highly rated growth prospect of Sacombank and raised the long-term credit rating from B+ to BB-. On the other hand, Sacombank has received many awards from the State Bank and international organizations.

For further information, please contact:

Nguyen Thien Tam
Tel: (84.8) 38 469 516
Fax: (84.8) 35 265 926

IndusInd Bank enhances its core banking system to Finacle 10.2

Mumbai, December 10, 2012: IndusInd Bank has enhanced its core banking system to power the Bank’s exponential growth agenda. Built on new generation technology, Finacle 10.2 enables IndusInd Bank to accelerate innovation and stay ahead of emerging customer demands. By leveraging Finacle, the Bank personalizes offerings, bundles products and enriches its segment-specific product portfolio.

Finacle core banking implementation has now been successfully implemented across all branches to facilitate the delivery of state-of-the-art banking services. The bank has already been live on Finacle’s Consumer e-Banking solution since April 2011 and is serving over 180,000 customers through this channel.

Mr. Romesh Sobti, MD & CEO, IndusInd Bank said, “The Bank believes in driving its business through technology, and with Finacle, we are able to achieve our growth plans and meet the ever-changing customer needs. We are confident that Finacle will help significantly scale up our customer base and branch footprint besides improving productivity.”

Adds, Mr. Paul Abraham, Chief Operating Officer, IndusInd Bank said, “Finacle core banking implementation is one of the most significant steps in Bank’s transformation journey with which the Bank sits on the cusp of significant growth, both in terms of physical distribution and range and sophistication of its products suit.”

Haragopal Mangipudi, Global Head – Infosys Finacle™, said “We are delighted with the successful implementation of Finacle core banking at IndusInd Bank. With this core banking implementation, IndusInd bank is ideally placed to accelerate innovation, offer superior products and stay ahead of emerging customer demands.”

About Infosys

Infosys partners with global enterprises to drive their innovation-led growth. That’s why Forbes ranked Infosys 19th among the top 100 most innovative companies. As a leading provider of next-generation consulting, technology, and outsourcing solutions, Infosys helps clients in more than 30 countries realize their goals. Visit www.infosys.com and see how Infosys (NASDAQ: INFY), with its 150,000+ people, is Building Tomorrow’s Enterprise® today.