Finacle upbeat on transformational deals

Hyderabad, July 24

Finacle, a business of Infosys, is upbeat on the financial services market, and more specifically on banks seeking to upgrade from old (legacy) technology systems.

The company sees opportunities in the micro finance institution (MFI) business as most of the Indian banks have ambitious plans for financial inclusion. The market opportunity is both at the bank end as also at the MFIs, according to Mr Haragopal, Business Head, Finacle.

There has been significant change in the way the banking sector looks at technology these days. Earlier, they would have a business strategy and see how technology could help. Now they want to work depending on what technology could do to improve their efficiencies and in delivery of services, he said.

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