Published Date: March 11, 2010
An Easy-To-Use, Scalable And Extensible Treasury Solution With Rapid Deployment Capabilities
Bangalore, London, New York, March 11 2010 – Infosys Technologies Ltd. today announced the launch of Finacle Treasury-in-a-Box™, a rapid implementation framework for an integrated front, middle and back office treasury system.
Built on best-of-breed open technology platforms, providing high scalability, flexibility and straight-through-processing capability, Finacle Treasury-in-a-Box™ allows banks to get started with minimum scoping effort and leverage an extensive menu of features, interfaces and functionalities. It supports a wide range of financial products and their derivatives in foreign exchange, money markets, fixed income and equities.
Progressive treasury departments at banks today need a technology platform flexible enough to evolve and scale as per growing requirements with simultaneous optimization of technology development efforts and financial investment. On the other hand, modernizing treasury systems remains a critical challenge for banks. The perceived business risks and a prolonged implementation process and apprehension on scale of investment drive banks to continue with their current solutions that has limited capabilities and high maintenance cost.
According to Haragopal Mangipudi, Global Head – Finacle, Infosys Technologies, “With Finacle Treasury-in-a-Box, banks have a viable alternative in an easy-to-use, innovative solution that grows with evolving requirements. Rapid implementation with controlled spending is of essence since banks can select the functions that matter the most. Time to market advantage is critical for any successful implementation and Finacle Treasury-in-a-Box is designed to help our clients reap this benefit.”
Finacle Treasury-in-a-Box™ provides full support for the trading, risk management and administration of on-balance-sheet and off-balance-sheet financial market products. The solution enables banks to custom-build a treasury system with minimum time and effort and enhanced process efficiency. It also provides full back office processing capabilities including general ledger, and has extensive middle office features such as integrated market and credit risk management (including value at risk), limits management and liquidity management.
A leader in banking transformation, Finacle has a global footprint across 65 countries. Finacle is also the winner of a series of awards for its innovation and implementation capabilities, the most notable ones being The Banker Technology Award, The Asian Banker IT Implementation Award and The Banking Technology Judge’s Special Award for “Innovative Use of IT”.
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
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
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.