Month: November 2013

Bangalore – December 20, 2013: The CEB TowerGroup Mobile Banking Solutions Technology Analysis report has recognized Infosys Finacle as a ‘Best-in-Class’ provider. Finacle Mobile Banking was recognized in the report which included 14 world-class solutions, evaluated on 23 key parameters spread across four categories. The categories are – Customer Experience, Interface Development, Integration and Management, and Enterprise Support. Finacle was rated ‘Best-in-Class’ across all four categories.

Highlights

Quotes

Jason Malo, Research Director, CEB TowerGroup:
“The best providers of mobile banking services are those who are able to keep up with the pace of innovation while simultaneously ensuring that the fundamental concepts of management and reporting are not overlooked. Financial institutions of all sizes must be able to adapt and manage their mobile offerings amidst the rapid pace of change for mobile banking services, as consumer expectations are similarly evolving to differentiated mobile offerings.”

Haragopal M., Senior Vice President and Global Head – Infosys Finacle:
“Convenience, speed, and personalization, in addition to accessibility on a device and channel of their choice, are persistent demands of today’s customers. Finacle Mobile Banking solution helps banks deliver excellent service and a simplified banking experience to customers on a device of their choice. This recognition validates our ability to continually innovate and provide the competitive edge banks need to stay ahead in the game.”

Additional information

Technology Assessment Disclaimer
CEB does not endorse any vendor, product, or service depicted in our CEB TowerGroup publications and does not advise technology users to select only those vendors rated “best-in-class.” CEB TowerGroup research publications consist of the opinions of CEB TowerGroup’s analysts and should not be construed as statements of fact. CEB disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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 160,000+ 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 September 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; Mauritius – November 11, 2013: Bank One, one of the leading banks in Mauritius, announced the successful implementation of the Infosys Finacle Treasury solution. With Finacle, the bank’s treasury operations’ back office processes are now automated, significantly improving its operational efficiency and reducing manual effort. Importantly, the solution opens up new opportunities for commission revenue for Bank One, by empowering users to diversify their investments in various treasury products and maximize their returns.

Prior to implementing the Finacle solution, all treasury operations at the bank were done manually. Combined with Bank One’s existing Finacle core banking solution, the new treasury solution will enable straight-through processing, resulting in real-time access to trading information and faster processing of deal transactions.

The new treasury solution from Finacle will enable:

Quotes

Dhinoo Veerasawmy, Chief Operating Officer, Bank One:
“As a leading bank in Mauritius, it is our endeavor to consistently enhance our ability to address customer requirements and provide the highest level of service. We believe leveraging cutting-edge technology is the best way to achieve this. Equally important is our ability to meet all regulatory requirements, especially on limits. Given our positive experience with the Finacle core banking solution, Finacle Treasury was a logical choice to help us achieve our objectives.”

Venkatramana Gosavi, Regional Head, Growth Markets – Finacle, Infosys:
“Finacle Treasury is the most reliable solution for seamless treasury management, a key for banks to maximize liquidity and mitigate operational and financial risk. Following the success of the Finacle core banking solution with Bank One, we are confident Finacle Treasury will further support the bank to achieve its goal of becoming one of the most efficient, customer-friendly and profitable banking organizations in Mauritius.”

Additional Resource

About Bank One

Bank One focuses on customer needs and on building long-lasting relationships with its customers. It caters both for domestic and international markets and provides financial solutions to all segments – retail, corporate as well as private. These include transactional and deposit accounts, personal finance, trade finance, corporate finance and capital market services as well as a host of unique banking services. Bank One operates with sixteen branches throughout Mauritius, has a well-distributed network of ATMs and a fully-operational internet banking platform. Its endeavor is to bring a sharper focus to the requirements of customers and to leverage cutting-edge technology to provide the highest levels of service.

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 $7.906bn in LTM Q2 FY14 revenues and 160,000+ 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 our 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 Sept 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:

Awards Recognize Innovative Excellence in the Retail Banking Industry

DENVER, November 5, 2013: BAI and Infosys today announced the winners of the 2013 BAI – Finacle Global Banking Innovation Awards. Now in its third year, the prestigious global awards program recognizes innovation in the retail banking industry. This year’s winners received their awards at a special ceremony today at the BAI Retail Delivery Conference in Denver, Colo.

The winning financial services companies were chosen from more than 200 entries from over 30 countries for breakthrough innovations that positively impact customers. They were selected by the Innovation Circle Judging Panel, a distinguished international group of prominent industry thought-leaders and retail banking professionals. Awards were presented in each of the following categories: Product and Service Innovation, Channel Innovation, Innovation in Internal Process Improvement, Innovation in Societal and Community Impact, Disruptive Innovation in Banking, Honorable Mention for Disruptive Business Model, and Most Innovative Bank of the Year.

“This year’s winners set a high bar for what can be achieved through innovation in improving the customer experience and access to services,” says Debbie Bianucci, president and chief executive officer of BAI. “Whether it is introducing a new payment platform or designing products specifically for underbanked customers, their creativity and originality can inspire us all. We congratulate these banks on their achievements and look forward to future innovations from these leaders and other financial services companies around the world.”

According to Haragopal Mangipudi, Global Head – Finacle, Infosys: “These are great examples of forward-thinking institutions. They deserve accolades for delivering innovative and pragmatic solutions that better customer experience. As our work and research clearly shows, there is a fascinating shift taking place. Consumers are demanding convenience, speed and personalization – along with competitively priced products. Institutions that are slow to respond to these market drivers risk being overtaken in an ever increasingly competitive market.”

To learn more about the 2013 BAI – Finacle Global Banking Innovation Awards and nominations for the 2014 awards, please visit www.baiglobalinnovations.com.

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, visit www.bai.org.

About Infosys

Infosys is a global leader in consulting, technology and outsourcing solutions. As a proven partner focused on building tomorrow’s enterprise, Infosys enables clients in more than 30 countries to outperform the competition and stay ahead of the innovation curve. With $7.4bn in annual revenues and 155,000+ employees, Infosys provides enterprises with strategic insights on what lies ahead. We help enterprises transform and thrive in a changing world through strategic consulting, operational leadership and the co-creation of breakthrough solutions, including those in mobility, sustainability, big data and cloud computing.

Visit www.infosys.com to see how Infosys (NYSE: INFY) 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: