Gartner Magic Quadrant for Global Retail Core Banking 2017

Infosys Finacle positioned a leader for the tenth time in a row

EdgeVerve Systems (for Infosys Finacle Core Banking solution) has been positioned as a Leader in Gartner’s Magic Quadrant for Global Retail Core Banking (GRCB). This is the tenth time in a row that Infosys Finacle has been named a leader. The report evaluates 11 global vendors on two key parameters: ability to execute and completeness of vision. EdgeVerve has been placed highest on ‘Ability to execute’ within the leaders quadrant.


Gartner Magic Quadrant for Global Retail Core Banking 2017
Gartner, Inc., “Magic Quadrant for Global Retail Core Banking”, Vittorio D’Orazio & Don Free , July, 2017

This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available here. 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 designations. 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.

EdgeVerve named a Leader in The Forrester Wave™: Digital Banking Engagement Platforms

EdgeVerve has been named a leader by Forrester Research, Inc. in ‘The Forrester Wave™: Digital Banking Engagement Platforms, Q3 2017’ report. EdgeVerve was recognized as a leader among 11 top banking platforms, which were evaluated on a comprehensive set of 35 criteria focusing on strategy, current offering and market presence.

 Highlights:

  • EdgeVerve received the highest score in 18 of the 35 criteria used in the assessment – these include Analytics, Directly Supported Channels, Gamification, App Architecture & Infrastructure, Identification & Authentication and Live Scalability
  • EdgeVerve received the highest score among all vendors in the category of ‘Market Presence’ that indicates the reach of the Finacle solution

Forrester Wave -Q2 2017
Referring to Finacle, Jost Hoppermann, VP and Principal Analyst, Forrester mentions in the report, “EdgeVerve delivers across a number of capabilities, and shows no deep gaps… It broadly supports retail, corporate and private banking; and its build-in analytics have visibly improved compared with our earlier Forrester Wave… (Artificial intelligence) AI is a key element of EdgeVerve’s plans: Robo-advisors for wealth management and conversational AI for voice banking are only  two examples… When talking to reference customers, we noted their satisfaction with the solution’s security features and functions.”

Schedule a discussion to explore how Finacle omnichannel offering can help you accelerate your digital transformation journey.

The Forrester Wave is copyrighted by Forrester Research, Inc. Forrester and Forrester Wave are trademarks of Forrester Research, Inc. The Forrester Wave is a graphical representation of Forrester’s call on a market and is plotted using a detailed spreadsheet with exposed scores, weightings, and comments. Forrester does not endorse any vendor, product, or service depicted in the Forrester Wave. Information is based on best available resources. Opinions reflect judgment at the time and are subject to change.

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.

Click here to read the full report.

Infosys Finacle named a Leader among Digital Banking Platforms

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

You can read the full report here.

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

Highlights:

  • 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.

Gartner Disclaimer:

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.

The Forrester Wave™: Mobile Banking Solutions, Q4 2015

Infosys Finacle has been named a leader by Forrester Research, Inc. in ‘The Forrester Wave™: Mobile Banking Solutions, Q4 2015’ report. The solution was recognized as a leader from amongst five top mobile banking platforms, which were evaluated on a comprehensive set of 35 criteria focusing on strategy, current offering, and market presence.

Click here to read the full report.

Forrester Wave™: Mobile Banking Solutions, Q4 ’15 by Jost Hoppermann, Vice President and Principal Analyst, Forrester

Finacle Mobile Banking helps banks in delivering engaging mobile banking experiences for retail, corporate and SME customers across any device of their choice. We believe that this report is an acknowledgement of Finacle’s leadership in the mobile banking platforms market.

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

Related reading

Infosys Finacle Named a Leader Among Omnichannel Banking Solutions
Infosys Finacle Mobile Banking and e-Banking rated as ‘Best-in-class’ by Independent Research Firm
Gartner, Inc. Names Infosys a Leader in International Retail Core Banking

The Forrester Wave™: Omnichannel Banking Solutions, Q3 2015

Infosys Finacle has been named a leader by Forrester Research, Inc. in ‘The Forrester Wave™: Omnichannel Banking Solutions, Q3 2015’ report. The solution was recognized as a leader from amongst six leading omnichannel banking platforms, which were evaluated on a comprehensive set of 41 criteria focusing on strategy, current offering, and market presence.

Infosys Finacle named a Leader among Omnichannel Banking Solutions

Forrester Wave™: Omnichannel Banking Solutions, Q3 ’15 by Jost Hoppermann, Vice President and Principal Analyst, Forrester

This report is an acknowledgement of Finacle’s leadership in the digital banking platforms market. The solution enables banks to deliver cross-channel banking experience to retail, corporate, and SME customers through a unified platform.

Schedule a discussion to explore how Finacle omnichannel offering can help you accelerate your digital transformation journey.

The Forrester Wave is copyrighted by Forrester Research, Inc. Forrester and Forrester Wave are trademarks of Forrester Research, Inc. The Forrester Wave is a graphical representation of Forrester’s call on a market and is plotted using a detailed spreadsheet with exposed scores, weightings, and comments. Forrester does not endorse any vendor, product, or service depicted in the Forrester Wave. Information is based on best available resources. Opinions reflect judgment at the time and are subject to change.

Related reading

Infosys Finacle Mobile Banking and e-Banking rated as ‘Best-in-class’ by Independent Research Firm
Gartner, Inc. Names Infosys a Leader in International Retail Core Banking

Gartner Critical Capabilities for International Retail Core Banking, 2015

Gartner gives Infosys the highest scores in all six use cases

Infosys has been placed as the highest scoring vendor in all six use cases in the Gartner Critical Capabilities for International Retail Core Banking* assessment. The report evaluates 20 leading core banking vendors for each of the six use cases defined by Gartner. The six use cases for which Infosys has received the highest scores are: Small Bank/Simple Use Case, Small Bank/Complex Use Case, Midsize Bank/Simple Use Case, Midsize Bank/Complex Use Case, Large Bank/Complex Use Case and  Worldwide Multinational Deployment Use Case.

Infosys Receives the Highest Scores in Gartner Critical Capabilities for International Retail Core Banking Report

* Critical capabilities for International retail Core Banking report May 2015 by Don Free – Research Vice President, Banking Industry Advisory Services, Gartner, Inc.

Out of the 20 solutions reviewed, Infosys is the only vendor that received a product score above four out of five in Midsize Bank/Complex Use Case and Large Bank/Complex Use Case.

This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from Infosys here. 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.

Read the Complete Report

Related Reading

Press release
Gartner, Inc. Names Infosys a Leader in International Retail Core Banking