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 its positive impact on the entire ecosystem, including 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, strengthen its technology platform by providing a standard operating model across the region and to consolidate multiple legacy platforms.