Bangalore, 4 November, 2014: Infosys, a leader in consulting, technology, outsourcing, and next-generation services, today announced that its Finacle Mobile Banking and e-Banking solutions have been rated ‘Best-in-Class’ for security and authentication capabilities and enterprise support. In the report titled ’Mobile Corporate Banking Technology Analysis’(1), CEB TowerGroup analysts quantitatively ranked Mobile Corporate Banking solutions across 19 attributes to arrive at the best-in-class rankings.
Infosys Finacle’s leading position in the industry was reinforced by several other recognitions last quarter. It was named a leader in ‘The Forrester Wave™: Customer-Centric Global Banking Platforms, Q3 2014’ report(2). The solution was recognized among the top nine global banking platforms, which were evaluated on a comprehensive set of 74 criteria focusing on functional breadth, agility, and strategy. Infosys Finacle was also adjudged a winner by Juniper Research in their 2014 Future Mobile Awards in the mobile banking category(3). In another assessment(4), CEB TowerGroup analysts rated the Infosys Finacle Trade Finance solution as the ‘Best-in-Class’ for bank user services and enterprise support.
Infosys Finacle continued its business momentum last quarter with 18 wins and 16 go-lives across Europe, Middle East, Africa and Asia Pacific. With over 450 installations globally, this flagship banking product of Infosys is today serving 451 million customers across 84 countries – this is nearly 18 percent of the world’s adult banked population.
As global financial institutions increasingly seek actionable insight to better service their customers, Finacle will leverage the latest advancements in mobility, big data and analytics to further enhance its offerings in the space. According to Ovum, retail banks’ spending on management information systems − including data collation, analytics, and reporting systems − is expected to reach US$9.3 billion by the end of 2018.(5)
Michael Reh, Senior Vice President and Global Head of Finacle, Infosys:
“These industry recognitions are milestones from which we will continuously evolve Finacle to maintain its leadership position in the market. As banks aim to renew the core of their business and innovate to deliver personalized solutions to customers, mobility and advanced analytics solutions will be integral to them. We have great technology to help them achieve this. We will leverage our expertise in these areas to further strengthen our offerings and satisfy the dynamic and evolving demands of the industry.”
- (1)Mobile Corporate Banking Technology Analysis by CEB TowerGroup
- (3)Juniper Research Future Mobile Award for Mobile Banking 2014. Click here for details
- (5)Ovum’s perspective on Big Data set to boost the effectiveness of analytics in banking, 16th June 2014
Infosys is a global leader in consulting, technology and outsourcing solutions. We enable clients, in more than 50 countries, to stay a step ahead of emerging business trends and outperform the competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence.
Visit www.infosys.com see how Infosys (NYSE: INFY), with US$8.25 billion in annual revenues and 165,000+ employees, is Building Tomorrow’s Enterprise® today.
Certain statements in this release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in the United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2014, and on Form 6-K for the quarter ended September 30, 2014. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that the date of this press release is mentioned at the beginning of the release, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.
For further information please contact:
Paul de Lara
Brunswick Group for Infosys USA