Month: September 2013

Bangalore and Dubai – September 18, 2013: Infosys, a global leader in consulting, technology and outsourcing, today announced the launch of Finacle 11E, an advanced universal banking solution that simplifies banking transformation. The solution’s componentized approach helps banks of all sizes rapidly modernize their operations in a phased manner, while minimizing risk. Its enterprise-class components are expected to enhance the efficiency of a bank’s operations, while improving customer experience across all channels.

Finacle 11E is the latest release of the award-winning Finacle universal banking solution. It builds on the success of Finacle in delivering powerful benefits to global banks, including an annual rate of return of over 55 percent on core banking transformation investments*. It also facilitates the launch of new products and services faster – Finacle clients have experienced an average improvement of 33 percent in their time to market**.

As banks aim to reinvent their business and navigate the current challenges in the macroeconomic environment, Finacle 11E promises a simplified approach to banking transformation:

Quotes

Haragopal M, Global Head – Finacle, Infosys:
“Complexity of business operations and need for technology modernization are amongst the biggest hurdles to accelerate growth today. Leveraging the componentized nature of Finacle 11E, banks can choose to deploy a solution in phases based on business priorities. This ensures simplified transformation journey and faster realization of modernization benefits.”

Robert Hunt, Senior Research Director, CEB TowerGroup:
“Large banks are reluctant to undertake core modernization projects due to the risks and complexity of the effort. By componentizing their products, core vendors are providing banks with the flexibility needed to develop phased implementation plans that reduce this risk. Moreover, componentization allows banks to prioritize their efforts, improving the business case for core modernization by focusing on functions that provide the greatest short term benefits”.

Ali Sajwani, Chief Information Officer, Emirates NBD:
“Finacle Core Banking Solution has been powering our operations since 2009. As a long term partner, Finacle has helped us grow both organically and inorganically. It is encouraging to see Infosys constantly evolving their solution to meet growing needs of banks for simplification and easy modernization. We are currently rolling out their new liquidity management solution to offer tailor-made cash management products to our corporate and SME clients.”

Peter Schlebusch, Chief Executive of Personal and Business Banking, Standard Bank:
“Infosys has been our partner in business transformation for over three years now. Today, we run Finacle solutions in five countries and have plans to expand it to other territories to achieve higher operational efficiencies and faster growth. We are glad that Infosys continues to invest in the solution and now with Finacle 11E, are bringing out capabilities which will help banks to simplify their operations and deliver superior customer experience.”

**Based on an independent Business Value Articulation (BVA) survey conducted with 46 Finacle clients by Feedback Business Consulting Services, a third-party independent market research organization

Additional Resources

About Infosys

Infosys is a global leader in consulting, technology and outsourcing solutions. We enable clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence.

Visit www.infosys.com to see how Infosys (NYSE: INFY), with $7.4B in annual revenues and 155,000+ employees, 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, 2013, and on Form 6-K for the quarter ended June 30, 2013. 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 unless it is required by law.

For further information please contact:

Bangalore, India – September 13, 2013: Finacle, the universal banking solution from Infosys, was awarded the ‘Best Core Banking Technology‘ award for the second time in a row by a panel of 20 technology leaders from global banks. This recognition is part of the annual Innovation in Technology and Transaction Banking Awards 2013 organized by The Banker, a Financial Times publication. Finacle was chosen by the judging panel for its rich functionality and advanced service-oriented architecture.

The Banker’s Innovation in Technology and Transaction Banking Awards 2013 celebrates companies coming up with newer ways to assist financial institutions in serving their clients quickly and efficiently. They recognize innovative thinking in banking technology and the positive impact it can have on the entire ecosystem including their operations, employees, and customers.

The Infosys nomination was an independent submission by DBS Bank, a leading financial services group in Asia, headquartered in Singapore. The bank nominated Infosys following the successful implementation of Finacle in Singapore and its key markets across the region. This was part of the bank’s strategy to entrench its leadership with enhanced core banking product offerings and strengthen its technology platform by providing a standard operating model across the region and consolidating multiple legacy platforms.

Ng Peng Khim, Managing Director, Institutional Banking Group, Technology, DBS:
“Our partnership with Infosys Finacle started out as part of a strategy to strengthen our core banking system and provide a standard operating model across our regional offices. Currently, DBS is one of the few Asian banks which have successfully implemented such core banking technology covering both commercial and corporate banking clients. We have seen improved performance in various aspects, including improved automation and controls in loan processing and more complete and accurate data processing for downstream reporting and analytics, leading to a better experience for our customers. This award is a recognition of the hard work and results of our partnership.”

Duygu Tavan, Technology Editor, The Banker:
“The market for core banking providers is understandably fierce. The Finacle platform helps set Infosys apart from the competition. Banks are faced with pending regulatory compliance requirements, the rising demand and need for channel integration and innovative product development for better customer experience – and yet have to maintain their often limited budgets. Infosys has established itself as a trusted provider to help meet these clients’ demands.”

Haragopal M, Global Head, Finacle, Infosys:
“Being recognized as the Best Core Banking Technology for the second year running is a reflection of Finacle’s commitment to enhancing the innovation agenda for our clients. Banks today are challenged with severe complexity in their business and operations. Technology-led innovation is an important step to simplify, and help banks differentiate and succeed in this uncertain environment. We are honored to have been nominated by DBS, which is clear evidence of the strong partnership between our two organizations.”

About Infosys

Infosys is a global leader in consulting, technology and outsourcing solutions. We enable clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence.

Visit www.infosys.com to see how Infosys (NYSE: INFY), with $7.4B in annual revenues and 155,000+ employees, 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, 2013, and on Form 6-K for the quarter ended June 30, 2013. 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 unless it is required by law.

For further information please contact: