Bangalore, India – July 21, 2017: Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NYSE: INFY), today announced that it has been named a leader by Forrester Research, Inc. in ‘The Forrester Wave™: Digital Banking Engagement Platforms, Q3 2017’ report. EdgeVerve was recognized as a leader for its Finacle suite of digital banking solutions among 11 leading global banking platforms, which were evaluated on a comprehensive set of 35 criteria focusing on strategy, current offering and market presence.
The Forrester Wave: Digital Banking Engagement Platforms report can be accessed here
- EdgeVerve received the highest score among all vendors in the categories of ‘Strategy’ and ‘Market Presence’ that indicates the reach of the Finacle solution
- EdgeVerve received the highest score in 18 of the 35 criteria used in the assessment – these include Analytics, Directly Supported Channels, Gamification, App Architecture & Infrastructure, Identification & Authentication, and Live Scalability
- Finacle suite of solutions was also rated highest among the evaluated solutions in the criteria of market approach, installed base, technology, architecture, and delivery.
Referring to EdgeVerve and Finacle suite of solutions, Jost Hoppermann, VP and Principal Analyst, Forrester mentions in the report, “EdgeVerve delivers across a number of capabilities, and shows no deep gaps… It broadly supports retail, corporate and private banking; and its build-in analytics have visibly improved compared with our earlier Forrester Wave… (Artificial intelligence) AI is a key element of EdgeVerve’s plans: Robo-advisors for wealth management and conversational AI for voice banking are only two examples… When talking to reference customers, we noted their satisfaction with the solution’s security features and functions.”
Sanat Rao, Chief Business Officer and Global Head, Infosys Finacle, said, “To succeed in today’s dynamic environment, banks need to undertake comprehensive digitization and re-design customer journeys by leveraging modern technologies such as AI, analytics and IoT. With Finacle solution suite, we provide banks with comprehensive digital banking capabilities to innovate continuously and design frictionless banking experiences. We believe that this rating by Forrester is a testimony of our ability to deliver market-leading solutions to help banks accelerate their digital banking transformations.”
About Infosys Finacle
Infosys Finacle is the industry-leading universal banking solution from EdgeVerve Systems, a wholly owned subsidiary of Infosys. The solution helps financial institutions develop deeper connections with stakeholders, power continuous innovation and accelerate growth in the digital world. Today, Finacle is the choice of banks across 94 countries and serves over 848 million customers – estimated to be nearly 16.5 percent of the world’s adult banked population.
Finacle solutions address the core banking, e-banking, mobile banking, CRM, payments, treasury, origination, liquidity management, Islamic banking, wealth management, and analytics needs of financial institutions worldwide. Assessment of the top 1000 world banks reveals that banks powered by Finacle enjoy 50 percent higher returns on assets, 30 percent higher returns on capital, and 8.1 percent points lesser costs to income than others.
To know more, visit www.finacle.com
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 our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2017. 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:
+91 80 4156 3998
Margherita Di Cerbo
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+1 408 375 2722