Infosys Finacle positioned as a leader in IDC MarketScape of worldwide core banking solutions

Published with the permission of IDC Financial Insights
Finacle Core banking is a leader among core banking solutions in the North American market
IDC analysts have positioned Infosys Finacle Core Banking solution as a leader in the IDC MarketScape of worldwide core banking solution providers. The solution was named as a leader from among 19 global core banking solutions. The report1 focuses on global core banking providers in the North American market.
Highlights:

  • The report mentions that Finacle exhibited high levels of strategic vision and demonstrable ability to deliver functionality and support to clients.
  • The report also highlights that “Infosys continues to impress with scale, with its highest benchmarks in production reaching around 71 million customers with 88 million accounts, and an average transaction throughout of 6.6 million (and peaks of up to 10 million) per day.”

Reference:
1IDC MarketScape: Worldwide Core Banking Solutions 2014 Vendor Assessment — Global Providers for North American Banks, doc # FI253356, December 2014.
About IDC MarketScape: IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that result in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

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Gartner Magic Quadrant for International Retail Core Banking, November 2014