Finacle™ joins the FINCAD Alliance Program to leverage FINCAD’s industry-standard analytics
Bangalore, London, New York, Vancouver, BC – February 11, 2010: Infosys Technologies Ltd, a global leader in banking transformation and FINCAD, the trusted provider of derivatives analytics to leading global banks, announced that Finacle™ from Infosys has joined the FINCAD Alliance Program, enabling Infosys to access FINCAD’s extensive derivatives analytics library for its Finacle™ treasury solution.
The Finacle™ treasury solution is a modular, front, middle and back-office solution built on best-of-breed open technology platforms, providing high scalability, flexibility and straight-through-processing (STP) capability. Infosys chose to certify its Finacle™ treasury solution with FINCAD Analytics to offer its clients built-in pricing using industry-standard analytics, thereby enhancing the valuation and risk capabilities of its solution.
“Our use of FINCAD’s analytics library in Finacle™ treasury allows us to enhance our derivatives valuation capability quickly, enabling us to be more responsive to the market,” said Sanat Rao, Vice President, Head Worldwide Business Development and Alliances – Finacle, Infosys. “We selected FINCAD as it offers industry-standard analytics and because it is an established player in the derivatives analytics market.”
“We are very excited to support Finacle’s ambitious growth as it expands its global footprint,” said Amar Budhiraja, Director of the FINCAD Alliance Program. “FINCAD’s comprehensive cross-asset class library continues to provide financial technology vendors the most efficient way of meeting their clients’ derivatives valuation needs through proven and trusted analytics.”
Founded in 1990, FINCAD provides software and services supporting the valuation and risk management of cross-asset class derivatives and fixed income securities to banks, hedge funds, asset management firms, corporate treasuries, and auditors. FINCAD is the industry standard for financial analytics used by more than 35,000 financial professionals in over 80 countries. Over 70 FINCAD Alliance Partners embed FINCAD analytics within their solutions. www.fincad.com
About Finacle™ Universal Banking Solution
Finacle from Infosys partners with banks to power-up their innovation agenda, enabling them to differentiate their products and service, enhance customer experience and achieve greater operational efficiency. This proven and effective framework for multi-disciplinary change, enables banks to shift their strategic and operational priorities.
Finacle solutions address the core banking, e-banking, Islamic banking, treasury, wealth management and CRM requirements of retail, corporate and universal banks worldwide.
Several powerful and differentiating features make Finacle one of the most comprehensive, flexible and scalable universal banking solution in its class. These solutions when associated with Finacle services empower banks to maximize their opportunities for growth, while minimizing the risks that come with large-scale business transformation. 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 104,000 employees in over 50 offices worldwide. Infosys is part of the NASDAQ-100 Index and The Global Dow. 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 2009 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 Press Office – Asia Pacific
Infosys Technologies Ltd, India
Infosys Press Office – London
+44 (0) 20 7067 0469
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FINCAD Press Office