Published Date: September 08, 2020
Positioned as a Leader in both Retail and Corporate Banking Platforms Evaluations
Bengaluru, India – September 08, 2020: Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NYSE: INFY), today announced that it has been positioned as a Leader in The Forrester Wave™: Digital Banking Processing Platforms, Corporate Banking*, and The Forrester Wave™: Digital Banking Processing Platforms, (Retail Banking), Q3 2020.
In the report on Corporate Banking, Forrester notes that “Leading corporate banks outpace their retail banking peers in using emerging technologies and embed their products and services in the daily lives of their corporate clients, yet very few corporate banks think that they have the right applications and architecture in place to best serve their customers — and their employees. Application development & delivery teams need to identify state-of-the-art digital banking processing platforms that will help their bank survive in the fast-paced world of open digital banking.”
Finacle has been positioned as a Leader in the report by Forrester, following an evaluation of the 9 most significant Corporate banking solutions on 37 criteria across current offering, strategy and market presence. The Forrester report states that Finacle’s corporate Digital Banking Processing Platform (DBPP) differentiates with state-of-the-art architecture. Following are findings from Forrester’s evaluation of Finacle Corporate Banking solution –
A copy of the report can be accessed here.
Referring to EdgeVerve’s Finacle Corporate Banking solution suite, Jost Hoppermann, VP and Principal Analyst, Forrester writes in the report, “EdgeVerve’s corporate DBPP differentiates with state-of-the-art architecture. The vendor’s cloud strategy goes beyond cloud-based delivery models and also considers banking application ecosystems and platform-as-a-service plans, for example. Further strong points of the DBPP are its active ecosystem of system integrators and its support of APIs…EdgeVerve is a good option for corporate banks that want to mix and match select Finacle capabilities within a digital transformation project and those seeking a technologically advanced and comprehensive DBPP that has strong technology strategy and shows a strong focus on the cloud.”
Sanat Rao, Chief Business Officer and Global Head, Infosys Finacle said, “As banks work towards reviving their business amidst the multifaceted disruption caused by the pandemic, it is clear that to succeed and prevail in the new normal, banks need to transform themselves into truly digital organizations. Our investments in Finacle Digital Banking Solution Suite and our experience of powering the digital visions of financial institutions in over 100 countries, place us in a unique position to help banks accelerate their transformation journeys with confidence. We believe the results of Forrester’s comprehensive assessment underscore our ability to help banks of all sizes and personas succeed with their digital transformation objectives.”
* Source: The Forrester Wave™: Digital Banking Processing Platforms, Corporate Banking, Q3 2020
Finacle is the industry-leading digital banking solution suite from EdgeVerve Systems, a wholly owned product subsidiary of Infosys. Finacle helps traditional and emerging financial institutions drive truly digital transformation to achieve frictionless customer experiences, larger ecosystem play, insights-driven interactions and ubiquitous automation. Today, banks in over 100 countries rely on Finacle to service more than a billion consumers and 1.3 billion accounts.
Finacle solutions address the core banking, omnichannel banking, payments, treasury, origination, liquidity management, Islamic banking, wealth management, analytics, artificial intelligence, and blockchain requirements of financial institutions to drive business excellence. An assessment of the top 1250 banks in the world reveals that institutions powered by the Finacle Core Banking Solution, on average, enjoy 7.2% points lower costs-to-income ratio than others.
To know more, visit www.finacle.com
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