Published Date: July 10, 2012
Recognized in the ‘Innovation in Banking Technology Awards 2012’ published by global banking publication, The Banker
London – July 10, 2012: The Banker, the Financial Times global banking publication, recently announced the winners of its annual Innovation in Banking Technology Awards 2012. Finacle™ from Infosys was awarded the joint first place in the ‘Core Banking Technology Provider of the Year’ category.
New generation core banking systems are known for their sophistication and are designed to help banks meet regulation, bring products to market faster resulting in improved customer experience. Finacle was selected by the judging panel of global banking Chief Information Officers (CIOs) for its rich and advanced customer relationship management, service-oriented architecture and web-enabled technologies. Its flexibility has also been praised by users, allowing them to adapt to new demands and adding features and services where needed.
The annual ‘Innovation in Banking Technology Awards’ celebrate those behind the industry’s brightest ideas, seeking to recognize innovative thinking in banking technology and the positive impact that it can have on the entire ecosystem including employees, customers and operations. For the first time, the awards also recognize the ever-increasing contribution that technology providers and advisors make throughout the industry. These most capable technology providers were chosen by a selection of more than 20 banking CIOs from around the globe.
Haragopal M, Global Head, Finacle, Infosys, said: “Being recognized as the ‘Best Core Banking Technology provider of the Year’ reiterates Finacle’s commitment in accelerating the innovation agenda for our clients. Banks are challenged to adapt and thrive in a dynamic, increasingly unpredictable, business environment. Technology-led innovation is emerging as the single most important differentiator for those geared to succeed.”
About Finacle™ Universal Banking Solution
Finacle from Infosys partners with banks to power-up their innovation agenda, enabling them to differentiate their products and service, enhance customer experience and achieve greater operational efficiency. This proven and effective framework for multi-disciplinary change, enables banks to shift their strategic and operational priorities. Finacle solutions address the core banking, e-banking, Islamic banking, treasury, wealth management and CRM requirements of retail, corporate and universal banks worldwide. Several powerful and differentiating features make Finacle one of the most comprehensive, flexible and scalable universal banking solutions in its class. These solutions, when associated with Finacle services, empower banks to maximize their opportunities for growth, while minimizing the risks that come with large-scale business transformation. For more information, visit www.infosys.com/finacle
Many of the world’s most successful organizations rely on the 150,000 people of Infosys to deliver measurable business value. Infosys provides business consulting, technology, engineering and outsourcing services to help clients in over 30 countries build tomorrow’s enterprise.
For more information about Infosys (NASDAQ: INFY), visit www.infosys.com.
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, 2011 and on Form 6-K for the quarter ended June 30, 2011 September 30, 2011 and December 31, 2011.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.
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