Infosys Finacle Sets a New Record on Oracle SuperCluster M7 for Processing Banking Transactions

San Francisco & Bangalore – October 27, 2015: Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys (NYSE: INFY), today announced that its Finacle Core Banking Solution running on an Oracle SuperCluster M7 has set a new record for the number of banking transactions processed.

In the test, which was observed and reviewed by the global advisory firm Ernst & Young, the solution supported more than 2.0 billion bank accounts with near linear scalability. The results showcase Finacle’s capabilities to manage extraordinarily large transaction volumes to help banks cater to their growing business demands at reduced costs.

The tests were conducted across a mix of delivery channel transactions that could originate from branches, ATMs, online and mobile channels. Finacle Core Banking version 11.1.2 was tested on Oracle SuperCluster M7, Oracle’s SPARC T7/M7 servers running Oracle Solaris 11.3 with Oracle Database 12c along with Oracle WebLogic 12c to determine its performance and scalability parameters. PCI DSS security compliance on Oracle Solaris 11.3 was carried out as reported by Oracle.(1)

Key performance highlights:

Quotes:

Michael Reh, Executive Vice President, Infosys and CEO (designate), EdgeVerve:
“The test results confirm that the Finacle Core Banking Solution on an Oracle system offers banks the scalability required to manage spikes in current transaction volumes as well as the scalability banks require to profit from vast data volumes in the future.”

Ganesh Ramamurthy, Senior Vice President, Product Development, Oracle:
“Oracle’s SuperCluster M7 and SPARC T7 and M7 systems offer breakthrough technology for memory intrusion protection and encryption, with hardware acceleration for Oracle Database In-Memory – a combination that’s particularly powerful for banking and financial services. Infosys’ latest Finacle results on SuperCluster M7 demonstrate the superior performance, efficiency and security capabilities of SPARC M7 with Oracle Database 12c and WebLogic Server 12c for critical banking functions.”

Notes:

About Infosys Finacle

Finacle is the industry-leading universal banking solution from EdgeVerve Systems, a wholly owned subsidiary of Infosys. The solution helps financial institutions develop deeper connections with stakeholders, power continuous innovation and accelerate growth in the digital world. Today, Finacle is the choice of banks across 84 countries and serves over 547 million customers – nearly 16.5 percent of the world’s adult banked population.

Finacle solutions address the core banking, e-banking, mobile banking, CRM, payments, treasury, origination, liquidity management, Islamic banking, wealth management, and analytics needs of financial institutions worldwide. Assessment of the top 1000 world banks reveals that banks powered by Finacle enjoy 50 percent higher returns on assets, 30 percent higher returns on capital, and 8.1 percent points lesser costs to income than others. To know more, visit www.finacle.com

About EdgeVerve Systems Ltd

EdgeVerve Systems, a wholly owned subsidiary of Infosys, develops innovative software products and offers them on-premise or as cloud-hosted business platforms. Our products help businesses develop deeper connections with stakeholders, power continuous innovation and accelerate growth in the digital world. We power our clients’ growth in rapidly evolving areas like banking, digital marketing, interactive commerce, distributive trade, credit servicing, customer service and enterprise buying.

Today EdgeVerve products are used by global corporations across financial services, insurance, retail and CPG, life sciences, manufacturing, and telecom. Finacle, our universal banking solution, is the choice of financial institutions across 84 countries and serves over 547 million customers – nearly 16.5 percent of the world’s adult banked population. To know more, visit www.edgeverve.com

Safe Harbor

Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, 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, 2015. 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. Any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. 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:
Asia Pacific
Sarah Gideon
Infosys, India
+91 80 4156 3998
Sarah_Gideon@infosys.com
EMEA
Paul de Lara
Infosys, UK
+44 2075162748
Paul_deLara@infosys.com
Americas
Cristin Balog
Infosys, USA
+1 (650) 320 4126
Cristin_Balog@infosys.com

Winners of 2015 Infosys Finacle Client Innovation Awards Announced

Bangalore, India – October 20, 2015: Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys (NYSE: INFY), recently announced the winners of the 2015 Infosys Finacle Client Innovation Awards. Now in its second year, the awards recognize banks that leverage Finacle solutions to deliver breakthrough innovations in banking products, customer service, processes and distribution channels.

Infosys Finacle invited nominations across six categories, namely Product Innovation, Channels/Distribution Innovation, Customer Service Innovation, Process Innovation, Innovative Custom Components and Project Management. This year, Infosys Finacle received a total of 104 nominations which were judged on three criteria: degree of innovativeness (35% weightage), benefits reaped (40% weightage), and complexity of the initiative (25% weightage).

Commenting on the awards, Michael Reh, Executive Vice President and CEO (designate), EdgeVerve said, “The awards recognize banks who have accelerated innovation, created leading products and enhanced customer experience by leveraging Finacle solutions. This year, we received an overwhelming response and participation, which highlights how our clients are embracing breakthrough innovations quickly to take advantage of global technology shifts and deliver differentiated products and services, based on customers’ unique requirements.”

The following banks were adjudged winners of the 2015 Infosys Finacle Client Innovation Awards.

Product Innovation
Customer Service Innovation
Channel/Distribution Innovation
Innovative Customs Component Developed
Process Innovation
Innovation in Project Management for Multi-country Transformation
Innovation in Project Management for Migration
Innovation in Project Management for Single Country Transformation

About Infosys Finacle

Finacle is the industry-leading universal banking solution from EdgeVerve Systems, a wholly owned subsidiary of Infosys. The solution helps financial institutions develop deeper connections with stakeholders, power continuous innovation and accelerate growth in the digital world. Today, Finacle is the choice of banks across 84 countries and serves over 547 million customers – nearly 16.5 percent of the world’s adult banked population.

Finacle solutions address the core banking, e-banking, mobile banking, CRM, payments, treasury, origination, liquidity management, Islamic banking, wealth management, and analytics needs of financial institutions worldwide. Assessment of the top 1000 world banks reveals that banks powered by Finacle enjoy 50 percent higher returns on assets, 30 percent higher returns on capital, and 8.1 percent points lesser costs to income than others.

About EdgeVerve Systems

EdgeVerve Systems, a product subsidiary of Infosys (NYSE: INFY), develops innovative software products and offers them on-premise or as cloud-hosted business platforms. Our products help businesses develop deeper connections with stakeholders, power continuous innovation and accelerate growth in the digital world. We power our clients’ growth in rapidly evolving areas like banking, digital marketing, interactive commerce, distributive trade, credit servicing, customer service and enterprise buying.

Today, EdgeVerve products are used by global corporations across financial services, insurance, retail and CPG, life sciences, manufacturing, and telecom. Infosys Finacle, our universal banking solution, is the choice of financial institutions across 84 countries and serves over 547 million customers – nearly 16.5 percent of the world’s adult banked population.

Safe Harbor

Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, 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, 2015. 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. Any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. 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:
Asia Pacific
Sarah Gideon
Infosys, India
+91 80 4156 3998
Sarah_Gideon@infosys.com
EMEA
Paul de Lara
Infosys, UK
+44 2075162748
Paul_deLara@infosys.com
Americas
Cristin Balog
Infosys, USA
+1 (650) 320 4126
Cristin_Balog@infosys.com

Infosys and Openreach Expand Partnership

Seamless Desktop project on the EdgeVerve AssistEdge platform extended to over 5,000 agents across its global operations

London, UK – October 20, 2015: Infosys (NYSE: INFY), a global leader in consulting, technology, outsourcing, and next-generation services, has announced that Openreach, the infrastructure division of BT Group, has expanded its Seamless Desktop project to an additional 1,000 users. This expansion brings the number of front and back office call center agents who benefit from this award winning platform to over 5,000.

The Seamless Desktop project on the AssistEdge platform by EdgeVerve Systems, an Infosys company, simplifies and integrates disparate systems that are used by agents to support Openreach engineers and field agents in the UK. The platform has reduced call handling times by 20 percent, halved training time from six to three months for new agents, and reduced login time from up to 20 minutes to a single sign on that takes less than 60 seconds. It also provides significantly enhanced analytical insights that enable Openreach to proactively allocate resources and improve network planning and customer service.

Highlights:

Quotes:

Alan Hall, Director, Openreach
‘Extending the use of AssistEdge within the Seamless Desktop project was an easy decision for us. Over 5,000 people in over 50 centers are now able to provide our customers and engineers with a much-improved service. This has saved us money, automate tedious tasks and enabled us to improve management planning. We know the calls are shorter and the operational processes are faster, and while we don’t measure the tone of voice, I’d say they are a fair bit happier too.’

Rajesh Murthy, Executive Vice President and Global Head of Energy, Communications and Services, Infosys
‘We’ve all been on the other end of the line when a call center agent has been struggling with their computer system. Often, they can’t find the right information or it takes ages to log into a different system. For companies, this is a cost and customer experience nightmare. AssistEdge, which provides a single view model and can be deployed quickly and easily, is helping companies like Openreach deliver best-in-class service.’

About EdgeVerve Systems

EdgeVerve Systems, a product subsidiary of Infosys (NYSE: INFY), develops innovative software products and offers them on-premise or as cloud-hosted business platforms. Our products help businesses develop deeper connections with stakeholders, power continuous innovation and accelerate growth in the digital world. We power our clients’ growth in rapidly evolving areas like banking, digital marketing, interactive commerce, distributive trade, credit servicing, customer service and enterprise buying.

Today, EdgeVerve products are used by global corporations across financial services, insurance, retail and CPG, life sciences, manufacturing, and telecom. Infosys Finacle, our universal banking solution, is the choice of financial institutions across 84 countries and serves over 547 million customers – nearly 16.5 percent of the world’s adult banked population.

About Infosys

Infosys is a global leader in consulting, technology, outsourcing, and next-generation services. We enable clients, in more than 50 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 US$ 8.7 billion in annual revenues and 187,000+ employees, is helping enterprises renew themselves while also creating new avenues to generate value.

Safe Harbor

Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, 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, 2015. 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. Any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. 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:
Asia Pacific
Sarah Gideon
Infosys, India
+91 80 4156 3998
Sarah_Gideon@infosys.com
EMEA
Paul de Lara
Infosys, UK
+44 2075162748
Paul_deLara@infosys.com
Americas
Cristin Balog
Infosys, USA
+1 (650) 320 4126
Cristin_Balog@infosys.com

BAI and Infosys Finacle Announce the Winners of 2015 Global Banking Innovation Awards

#RetailDelivery

Palo Alto and Chicago, October 13, 2015 – BAI and Infosys Finacle today announced the winners of the 2015 BAI-Infosys Finacle Global Banking Innovation Awards. The Innovation Circle Judging Panel, a distinguished group of thought leaders from the global financial services industry, evaluated nominees from 34 countries, and selected winners based on originality and impact. The winners were recognized at a ceremony on October 13 at the BAI Retail Delivery 2015 Conference & Expo.

“These awards reflect BAI’S commitment to encourage and celebrate innovation. We are proud to honor this exclusive group of innovators for their achievements that are shaping the future of the financial services industry,” said Debbie Bianucci, President and Chief Executive Officer, BAI. “These visionaries inspired and created valuable contributions to advancing retail banking with passion, creativity, and commitment. We are excited to see their continued contributions for years to come.”

Michael Reh, Executive Vice President and CEO (designate), EdgeVerve, said, “Continuous innovation is no longer a priority but a necessity, as banking undergoes a sea change. This award program is an outstanding platform for banking leaders globally to learn and gain inspiration from global innovators, and underscores our mission to help financial institutions leverage modern technology to address emergent challenges and accelerate their innovation agenda.”

The winners for the 2015 BAI-Infosys Finacle Global Banking Innovation Awards are:

Product and Service Innovation Award
Fidor Bank AG for Fidor Smart Current Account
Germany

Channel Innovation Award
The Bank of East Asia, Limited for Digital Branch: A New Way to Bank
Hong Kong

Innovation in Internal Process Improvement Award
DenizBank for Powerful Teller Dashboard: Enhancing Customer Experience at Every Contact Point
Turkey

Innovation in Societal and Community Impact Award
Nusenda Credit Union for Co-op Capital: Widening Access Points to Financial Products
United States

Innovation in Payments Award
Idea Bank SA for The Mobile ATM Service for Small Medium Enterprises
Poland

Most Innovative Non-Bank Financial Organization Award
Lending Club for Transforming the Banking System by Making Credit More Affordable and Investing More Rewarding
United States

Disruptive Innovation in Banking Award
Fidor Bank AG for Fidor Smart Current Account
Germany

Most Innovative Community-Based Banking Organization Award
Nusenda Credit Union
United States

Most Innovative Bank of the Year Award
The Bank of East Asia, Limited
Hong Kong

For more information on the 5th Annual BAI-Infosys Finacle Global Banking Innovation Awards visit BAIGlobalInnovations.com.

About BAI and BAI Retail Delivery

BAI delivers the financial services industry’s most actionable insights, enabling leaders to make smart business decisions, every day. We’re passionate about the trusted information and powerful tools that provide leaders with the clarity and confidence needed to prepare for tomorrow while performing better today.

At BAI Retail Delivery, more than 3,000 financial services professionals come together from around the world, including leaders from retail banking, financial technology, and business solutions organizations. BAI Retail Delivery provides unique perspectives, best practices and meaningful connections that help drive positive change and move the industry forward.

BAI is Bank Administration Institute and BAI Center.

About Infosys Finacle

Finacle is the industry-leading universal banking solution from EdgeVerve Systems, a wholly owned subsidiary of Infosys. The solution helps financial institutions develop deeper connections with stakeholders, power continuous innovation and accelerate growth in the digital world. Today, Finacle is the choice of banks across 84 countries and serves over 547 million customers – nearly 16.5 percent of the world’s adult banked population. To know more, visit www.finace.com.

Safe Harbor

Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, 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, 2015. 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. Any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. 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:

Asia Pacific
Sarah Gideon
Infosys, India
+91 80 4156 3998
Sarah_Gideon@infosys.com

EMEA
Paul de Lara
Infosys, UK
+44 2075162748
Paul_deLara@infosys.com

Americas
Cristin Balog
Infosys, USA
+1 (650) 320 4126
Cristin_Balog@infosys.com