Infosys Finacle named a leader among digital banking platforms

Infosys Finacle  has been positioned as a market leader in the “Ovum Decision Matrix: Selecting a Digital Banking Platform, 2017–18” report from Ovum. Finacle was recognized as a leader from amongst ten top digital banking platforms, which were evaluated on a comprehensive set of 16 criteria focusing on technology, execution and market impact.

Infosys Finacle named a Leader among Digital Banking Platforms

Ovum Decision Matrix: Selecting a Digital Banking Platform, 2017–18 by Noora Haapajärvi, Analyst, Ovum

Referring to Finacle, Ovum analyst Noora Haapajärvi mentions in the report that – “EdgeVerve Systems is a market leader. Finacle Omnichannel Banking provides a solid digital banking platform solution that caters to the needs of the digital economy and enables banks to deliver next-generation services on digital channels. Ovum recommends that banks shortlist the solution when considering their choice of digital banking platform.

Schedule a discussion to explore how Finacle Omnichannel Banking solution can help you accelerate your digital transformation journey.

Infosys Finacle wins at Juniper Future Digital Awards

Infosys Finacle wins at Juniper Future Digital AwardsJuniper Research, one of the leading analyst firms in the mobile and digital tech sector announced the winners of the Future Digital Awards for Commerce and FinTech 2016. Infosys Finacle’s Omnichannel Hub was declared a winner under the category “Digital Banking 2016- Best System Solution”. Every year Juniper Research identifies organizations that have made outstanding contributions to their industry, and are positioned to make a significant impact in the future.

Digital Banking 2016- Best System Solution

Modern Technology is radically changing the way banks interact with customers and do business. Today, customers demand their interactions to be truly omnichannel. Finacle Omnichannel Hub is an enterprise-class channel management solution that empowers banks to offer seamless and consistent banking experience across channels. The solution helps banks to enhance customer experience by delivering consistent real-time information and continuity of sales and services across channels. It enables customers to navigate seamlessly across channels without losing the transaction context.

On choosing Infosys Finacle as the winner the Jury said – “The company has invested significantly in expanding its offerings to include an end-to-end business solution via innovative service offerings and building core intellectual properties. EdgeVerve’s Finacle Omnichannel Banking solution offers comprehensive digital banking capabilities across channels enabling unique personalization capabilities for customers.”

Andy Dey, President – Customers & Operations, EdgeVerve on winning the award: “Digitization of the world is changing the way banking is done. Banks globally are focused on getting their digital transformation right to sustain and grow their revenues in this dynamic environment. To help banks achieve the digital transformation successfully, we have built the industry’s most comprehensive and advanced digital banking solution suite. Today, Finacle solutions are powering digital transformations for banks in 94 countries. This award further reinforces our leading position in this space.”

Click here to access the complete list of award winners

The awards are decided by a panel of expert judges based on a number of criteria, including: Product features and user benefits; Innovation; Commercial partnerships; Commercial launches; Certification and compliance; Potential future business development.

The Forrester Wave™: Customer-Centric Global Banking Platforms, Q3 2016

Forrester Research, Inc. has named EdgeVerve (Infosys Finacle) as a Leader in ‘The Forrester Wave™: Customer-Centric Global Banking Platforms, Q3 2016’ report. Finacle was recognized as a leader from amongst nine top banking platforms, which were evaluated on a comprehensive set of 40 criteria focusing on strategy, current offering, and market presence.

Infosys Finacle named a Leader among Customer-Centric Global Banking solutions
Forrester Wave™: Customer-Centric Global Banking Platforms, Q3 2016 by Jost Hoppermann, Vice President and Principal Analyst, Forrester


  • Infosys Finacle received the highest score among all vendors for current offering
  • With a score of 4.35 (out of 5), Infosys Finacle is the only vendor who scored above 4 in the category of current offering
  • Infosys Finacle received the highest score possible on the criteria of ‘Channels and Touchpoints’, ‘Customer –focused product configurator’ and ‘Market Approach’

Referring to Finacle, Jost Hoppermann, VP and Principal Analyst, Forrester mentions in the report,EdgeVerve’s Infosys Finacle banking platform excels at current offering. … Today, Infosys Finacle’s traditionally strong architectural focus shows key ingredients such as service-oriented architecture (SOA), components, SOAP and RESTful APIs, and API management. … Infosys Finacle’s product configuration and bundling capabilities are particularly sophisticated. A reference client explained that the solution allowed his firm to significantly reduce time-to-market for new banking products. One powerful differentiator: Finacle’s preventive maintenance services, which are unique in this market today.”

Schedule a discussion to explore how Finacle can help your bank accelerate its digital transformation journey.

Celent rates Infosys as a leader among digital banking solutions

Celent research has rated Infosys Finacle as a leading solution in the Celent ABCD analysis of digital banking solutions. The report titled ‘Ubiquitous Digital for Channel Banking: Global Digital Platforms Solutions Vendors, 2016’ compares 10 digital banking solution vendors on 24 criteria across the areas of ‘Advanced Technology’, ‘Breadth of Functionality’, ‘Customer Base’ And ‘Depth of Service’.

Finacle has also won an ‘XCelent’ award for both ‘Advanced Technology’ and ‘Breadth of Functionality’.

'XCelent' award for both 'Advanced Technology' and 'Breadth of Functionality'

Celent’s ABCD analysis evaluates digital banking vendors on 24 criteria across the areas of ‘Advanced Technology’, ‘Breadth of Functionality’, ‘Customer Base’ And ‘Depth of Service’. Based on this analysis, Celent recognized Infosys as the only vendor which was best-in-class in both advanced technology and breadth of functionality.

Celent also mentions in the report that ‘Infosys showed a strong commitment to componentization and features that promoted flexibility and openness, such as open APIs, software development kits (SDKs), and BPM tools’.

TradeEdge listed as “Representative Vendor” in recent Gartner Market Guide for Supply Chain Visibility Software

The phenomenal growth and consumption opportunities that the next billion consumers in the emerging markets present, continue to attract global consumer brands. This growth has resulted from widespread urbanization and a strong consumption by a growing middle class population. Trends and studies across the board indicate sustained and strong consumption-led growth for the next few decades.

While these markets provide lucrative growth opportunities, they also present unique challenges, especially when reaching out to consumers. One of the primary institutional voids in the emerging markets is the low penetration of organized retail – a key channel for product distribution in the developed markets. However, nearly 90% of sales in the emerging markets is driven by complex distribution networks comprising thousands of distributors and millions of small retailers.

EdgeVerve through TradeEdge offers organizations looking to grow in the emerging markets an insights driven sales platform and the reach to the unserved retailers.

Edgeverve, a leading sales insights and distributor management solution provider in the emerging markets announced that it was mentioned as a “Representative Vendor” in Gartner Market Guide for Supply Chain Visibility Software 2016, Christian Titze, 06 January 2016. Gartner identified EdgeVerve as a representative vendor for executional visibility, which is the largest and most mature segment in this Gartner study.

Supply chain leaders can improve performance and lessen risk by using multienterprise, collaborative software for real-time insights across the value network. As the market grows, Gartner expects vendors to further enrich data capture, analytics, simulation and extended collaboration functionality.

Supply chain leaders can use supply chain visibility (SCV) software to improve the operational and financial performance of complex, global value networks. When supply chain business partners at all tiers of the value network, upstream and downstream, can sense and respond to changes in a timely manner, they are better equipped to collaborate on shared goals of improving operational efficiency, reducing risk, or profitably responding to supply chain opportunities and disruptions.

Gartner research shows that some vendors are offering combinations of some processes, such as source/make/deliver or logistics insight combined with risk, or the information hub integrated with response planning. In general, vendors are enhancing their solution portfolios to better target customers.

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Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.