Published Date: October 20, 2015
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.
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.
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.
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