RCB Digital Wallet powered by EdgeVerve Systems

NFC-based digital wallet offers greater security and improved customer service

London, UK – October 29, 2018: EdgeVerve Systems, a product subsidiary of Infosys (NYSE: INFY) and RCB Bank, today announced the bank’s successful implementation of the ProximityPayEdge Digital Payments offering, to provide RCB’s customers with a digital wallet for secure contactless payments.

RCB Bank is the first bank in Cyprus to offer a contactless digital wallet using tokenization powered by the ProximityPayEdge technology. Named the RCB Digital Wallet and built on the highly secure Visa tokenization framework, this offering allows customers to securely pay in-store using a tap of their Android smartphone.

Through this implementation, RCB Bank will benefit from improved customer loyalty, engagement and transaction volumes through their own digital wallet. In addition, it will be able to improve its understanding of customer behavior and customise offerings and services accordingly

ProximityPayEdge supports multiple card schemes and can be used for any channel that accepts NFC-based payments. The platform/solution (please confirm), was chosen due to its ease and flexibility of deployment, and its end-to-end security features.

Benefits enabled for customers:

Quotes:

Viktor Levytskyi, Head of Digital Banking at RCB Bank, said, “Customers increasingly want easy, on-the-go payments without compromising on security. ProximityPayEdge has facilitated rapid roll-out of our app and provided seamless integration with our existing offerings.”

Mohit Joshi, President and Head BFSI, Infosys, said, ‘We are excited to partner with RCB to launch a secure, digital payments experience for their customers. ProximityPayEdge will help to provide improved customer insight as well as boost engagement and loyalty, and customers can enjoy safer, simpler transactions. With ProximityPayEdge and Infosys’ Digital Payments expertise, we have now seamlessly integrated multiple tokenization solutions to help banks improve customer experience securely.”

About RCB Bank

RCB Bank Ltd was established on August 1st 1995, is one of the largest banks in Cyprus and among the European significant Banks, which are under the direct supervision of the European Central Bank through the SSM mechanism. The Bank operates branches in Nicosia, Limassol, Larnaca, Pafos and Luxembourg.

About ProximityPayEdge:

ProximityPayEdge is a one-click mobile payments solution. We provide an HCE based, issuer branded, NFC enabled, contactless mobile payment application that comes pre-integrated with Visa Token Service and Mastercard Digital Enablement Solution. ProximityPayEdge supports any type of card such as a credit, debit or a prepaid card as long as the issuer banking systems support these card types. The product is certified by Visa. ProximityPayEdge can be leveraged for any channel that accepts NFC based payments. An extension of the solution can also be used for other industry segments such as travel based solutions and parking fee or toll payments.

Safe Harbor

Certain statements in this press release are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, including statements concerning our future business opportunities and growth prospects. Such forward-looking statements 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, 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, 2018. 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. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. 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.

Media contacts:

For further information, please contact: PR_Global@infosys.com

Platform-based Companies to Lead Banking Innovation by 2022

Bengaluru, India and London, UK – November 7, 2018: Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys (NYSE: INFY), and Efma, a global not-for-profit organisation, today launched the 10th Annual Study of Innovation in Retail Banking. The report is authored by Jim Marous, Publisher of the Digital Banking Report and Co-Publisher of The Financial Brand. Celebrating the 10th anniversary of the research, the report explores a decade of banking innovation and looks ahead at what’s in store for banking in 2022.

The research, in which over 300 banks globally participated, found that respondents see Open Banking APIs as the top technology for the future of innovation, with it being stronger than ’emerging’ areas such as machine learning, chatbots and RPA. The research found that in the short term, banks will leverage Open Banking for compliance such as the Payment Services Directive (Europe), Unified Payments Interface (India) and New Payments Platform (Australia).

The research also found that overall, organizations are taking a strategic perspective on the need for innovation ROI. In 2017, 31% of firms had an innovation ROI perspective of one year, compared to only 17% this year. In addition, 63% looked for an ROI in 1-3 years as opposed to 54% in 2017.

Respondents believe that retail banks consider digital commerce platforms (such as Alibaba) and technology giants as the innovation leaders for 2022. Similar to previous years, the greatest impact of transformation is expected to be in the areas of payments, mobile wallets and lending in the next three years.

Key findings include:

Investment in banking innovation

Vincent Bastid, CEO, Efma:

“In recent years, banking institutions have been facing disruption head-on, with advancements in customer service, personalization and mobile applications through a combination of Open APIs, AI and machine learning. The 10th edition of this report highlights advancements made in the last decade but also predicts a dramatic transformation in payments, mobile wallets and lending.”

Sanat Rao, Chief Business Officer and Global Head, Infosys Finacle:

“The 10th edition of the Innovation in Retail Banking report strongly illustrates the pace at which the traditional banking model is evolving. The need to invest in a solid platform strategy focused on business benefits and more compelling experiences for customers, employees and partners is central to remain competitive. This report will help banks sharpen their digital vision and benchmark their plans with the industry peers.”

Jim Marous, Owner and Publisher of the Digital Banking Report and author of Study:

“More than ever, the importance of an innovation culture became apparent for organizations that want to become leaders in both digital transformation and customer experience. There is a significant shift occurring in the banking industry, with more organizations looking to innovate in areas directly impacting the consumer, as opposed to building innovations that only impact efficiency and technology improvements.”

Additional Resources:

About Infosys Finacle

Finacle is the industry-leading digital banking solution suite from EdgeVerve Systems, a wholly owned product subsidiary of Infosys. Finacle helps traditional and emerging financial institutions drive truly digital transformation to achieve frictionless customer experiences, larger ecosystem play, insights–driven interactions and ubiquitous automation. Today, banks in over 100 countries rely on Finacle to service more than a billion consumers and 1.3 billion accounts.

Finacle solutions address the core banking, omnichannel banking, payments, treasury, origination, liquidity management, Islamic banking, wealth management, analytics, artificial intelligence, and blockchain requirements of financial institutions to drive business excellence. An assessment of the top 1250 banks in the world reveals that institutions powered by the Finacle Core Banking solution, on average, enjoy 7.2% points lower costs-to-income ratio than others

To know more, visit www.finacle.com

Safe Harbor

Certain statements in this 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, 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, 2018. 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. In addition, please note that the date of this press release is mentioned at the beginning of the release, and 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.

About Efma

A global non-profit organization, established in 1971 by banks and insurance companies, Efma facilitates networking between decision-makers. It provides quality insights to help banks and insurance companies make the right decisions to foster innovation and drive their transformation. Over 3,300 brands in 130 countries are Efma members.

Headquarters in Paris. Offices in London, Brussels, Barcelona, Stockholm, Bratislava, Dubai, Milan, Montreal, Istanbul, Beijing and Singapore. Learn more www.efma.com.

Media contacts:

For further information, please contact: PR_Global@infosys.com