Bangalore, Muscat, 17 February 2009 Infosys Technologies Ltd has announced that BankDhofar has selected Finacle Universal Banking Solution from Infosys for its transformation initiative. Infosys will implement Finacle core banking, Customer Relationship Management (CRM), treasury, e-banking and mobile banking solutions for the bank’s operations.
BankDhofar has embarked on a transformation journey to fuel its growth plans for the future. To fulfill this objective, the bank intends to leverage best-in-class banking practices on a new age technology platform to gain a competitive edge in a demanding market.
“We chose Finacle, a new generation solution ensuring the lowest risk to the bank in this strategic venture. We are confident that our partnership with Infosys Finacle will support the bank’s future growth plans and provide our customers with a world-class banking experience.” said, Kris Babicci, CEO, BankDhofar.
Finacle will play the critical role of transformation platform to help the bank streamline operational efficiencies and enhance customer service. Leveraging Finacle the bank will be able to seamlessly integrate its services across channels and provide customers innovative products with faster turn-around time and reduced total cost of ownership.
According to Sanat Rao, Vice President and Global Head Sales – Finacle, Infosys Technologies Ltd, “Our partnership with BankDhofar reinforces our position as a preferred transformation partner for banks in the region. Middle East is a region of key focus for us and we continue to be committed to the needs of the market. We look forward to closely working with BankDhofar, helping them to harness the power and flexibility of Finacle for business transformation.”
As a leader in banking transformation, Finacle has a global footprint across 61 countries and has been acknowledged among the leaders in the core banking solution space by top analysts including Gartner, Forrester and Celent. Finacle is also the winner of a series of awards for its innovation and implementation capabilities, the most notable ones being The Banker Technology Award, The Asian Banker IT Implementation Award and The Banking Technology Judge’s Special Award for ‘Innovative Use of IT’.
With assets worth over R.O. 1 billion BankDhofar (SAOG) is one of the fastest growing Banks in The Sultanate of Oman, with a strong presence in Corporate Banking and Consumer Banking, Treasury and Project Finance. The Bank has a network of 52 branches and 94 ATMs. BankDhofar has a reputation of commitment, foresight and solid growth.
About Finacle Universal Banking Solution
Finacle, the universal banking solution from Infosys, empowers banks to transform their business leveraging technology. The solution addresses the core banking, e-banking, treasury, and wealth management and CRM requirements of retail, corporate and universal banks worldwide. Finacle has been architected out of years of experience with global banks and offers several powerful and differentiating features making it one of the most comprehensive, flexible and scalable solutions in its class. For more information, visit www.edgeverve.com/finacle.
About Infosys Technologies Ltd
Infosys (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a flat world. These solutions focus on providing strategic differentiation and operational superiority to clients. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 100,000 employees and operates globally from 21 countries. Infosys is part of the NASDAQ-100 Index. For more information, visit www.infosys.com
Infosys Technologies Ltd – Safe Harbor
Statements in connection with this release may include forward-looking statements within the meaning of US Securities laws intended to qualify for the “safe harbor” under the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties including those described in our SEC filings available at www.sec.gov including our Annual Report on Form 20-F for the year ended March 31 2007 and our other recent filings, and actual results may differ materially from those projected by forward-looking statements. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.
For further information, please contact:
Infosys Technologies Ltd, India
Amira Al Najjar
Office tel: 24790466 ext 876