Published Date: December 17, 2010
New Age Platform to Improve Experience for Corporate Clients
London – December 17, 2010: Infosys Technologies Ltd. and National Australia Group Europe (NAGE) have today announced that NAGE has chosen the Finacle corporate e-banking solution to enable it to offer Internet banking services to its corporate clients in the UK.
Infosys will deploy Finacle across the Group’s Clydesdale Bank and Yorkshire Bank operations.
Elaine Lenc, Head of Strategic Projects at NAGE commented, “Our growing business banking network requires value-added Internet-based service. After evaluating a host of solutions and technology partners we selected Finacle for its solution functionality and for the end-to-end delivery capabilities of Infosys.”
Sanat Rao Vice President & Head Business Development and Alliances – Finacle, Infosys Technologies said, “Our relationship with NAGE marks an important milestone for Finacle in the UK. With the Finacle corporate e-banking solution, the bank’s relationship managers will have a unified view of corporate banking relationships leading to service efficiencies benefiting both the bank and its customers. As a trusted technology partner, we look forward to supporting NAGE to build upon its high standards of client service and operational excellence.”
When Finacle is deployed, it can help banks to efficiently manage service requests from their corporate customers and considerably reduce manual operations of payments and balance enquiries. Finacle corporate e-banking solution’s architecture is premised on a next-gen multi-channel framework with support for multilingual, multi-time-zone and multi-entity operations enabling the bank to drive its global growth ambitions.
A leader in banking transformation, Finacle has a global footprint across 65 countries and has been slotted by top analysts among the leaders in the core banking solution space. 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 Banking Technology Award and The Asian Banker IT Implementation Award.
National Australia Group Europe is a UK-based subsidiary of National Australia Bank (NAB) and incorporates Clydesdale Bank, Yorkshire Bank and NAB Capital.
Yorkshire Bank was founded in 1859 in Halifax, West Yorkshire, and now has a strong personal customer base and a growing business banking capability in the North of England and the Midlands. Clydesdale Bank was established in 1838 in Glasgow and is one of Scotland’s largest banks as well as having a significant presence in London and the South of England. Both banks have a proud history of innovation and support for local industry and communities.
With a combined network of 340 retail branches and 72 business banking Financial solutions centres, both Clydesdale and Yorkshire Banks are members of the National Australia Bank Group. Clydesdale Bank plc became a member of the Group in 1987 and Yorkshire Bank joined in 1990.
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. These solutions focus on providing strategic differentiation and operational superiority to clients. As on September 30, 2010 the Infosys group employed about 122,500 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, 2010, 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.