Leading analysts and bankers deliberate on the banking and technology trends at Finacle Conclave
Goa/Bangalore, March 21, 2006 Finacle Conclave at Goa got off to a flying start with participation of over 100 delegates from 26 countries.
In a debate on retail banking growth drivers, Octavio Marenzi, CEO and founder of Celent Communications predicted that retail banking will increasingly continue to be the key driver of growth for banks in coming years. Mr. Marenzi shared his thoughts on how technology is helping banks manage this unprecedented growth, thereby setting new standards and giving rise to an altogether new set of customer expectations. He further emphasized that the changing retail banking imperatives would include tighter integration of CRM, branch automation and new delivery channels.
Earlier the Finacle Conclave 2006 began on March 20th with an address by Mr. Ricardo Semler, President, Semco S/A and author of famous books ‘Maverick’ & ‘The 7 Day Weekend’. Mr. N R Narayana Murthy, Chairman and Chief Mentor, Infosys Technologies was the first keynote speaker to address the delegates today. Addressing the conference, Mr. Murthy outlined the critical role of the transformation mindset that differentiates the winning organizations from others. He outlined the key factors of leadership including speed and innovation to create a sustainable competitive differentiation.
In another session on the subject of “Bridging the Business and Technology Divide”, Mr. George Dayantis, General Manager, Aspis Bank, Greece stressed on the fact that Business and Technology can no longer exist in isolation. Millions of dollars invested in technology would not give optimum returns till business processes are optimized to leverage the next generation of technology capability.
The first day of the conclave concluded with a panel discussion on ‘Business Priorities for Banks for 2006’. Leading bankers from Australia, Jamaica, Nigeria and Croatia participated in the panel moderated by Mr. Emmanuel Daniel, Founder, The Asian Banker. The panelists engaged in an interesting debate that brought to focus issues like rewriting the cost proposition to compete effectively, intelligent use of technology and most importantly the reality that despite the changing landscape, banks would do well to maintain focus on changing customer demands and adapt the institutions to that change.
Finacle Conclave is a prestigious global banking CXO forum being organised by Infosys Technologies. The event is being held in Goa from March 20-22nd. Besides the global banking leaders, leading analysts and renowned experts from the banking sector are attending this conclave.
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, wealth management, CRM, and cash management requirements of universal, retail and corporate 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. www.edgeverve.com/finacle
About Infosys Technologies Ltd. (NASDAQ: INFY)
Infosys Technologies Ltd. (NASDAQ: INFY) defines, designs and delivers IT enabled business solutions. These provide our customers strategic differentiation and operational superiority, thereby increasing business competitiveness. Each solution is delivered with a high degree of time and cost predictability that ensures peace of mind. With Infosys, you get a transparent business partner, business-IT alignment with flexibility, world-class processes, speed of execution and the power to stretch your IT budget by leveraging the Global Delivery Model that the company pioneered. For more information, visit www.infosys.com
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