Infosys today announced the launch of Finacle, version 10 to reinforce its global leadership in banking transformation. The latest version is a highly sophisticated and advanced system that has been built with an investment of over 240,000 person days.

This new version will enable banks to transform their multi-country operations through a standard platform and processes. A set of over 5000 parameters and an enhanced scripting studio will deliver rapid product innovation. The new version also brings with it a whole new set of offerings including Islamic banking, wealth management; and an enhanced mobile banking solution.

Infosys with its strong focus on Banking & Financial services has been making continuous investments in Finacle. According to T.V. Mohandas Pai, Member of the board, Infosys Technologies Ltd, “Finacle is core to our growth strategy. We have invested over $60M in the last three years to build a state-of-the-art banking solution. Finacle Universal Banking Solution, integrated with Infosys services like SI, Consulting and BPO will offer global banks a truly differentiated transformation model”.

With Finacle, version 10, Infosys is geared up to address the key challenges of banking transformation. A technically strong solution with SOA, BPEL-enabled workflow and advanced security and compliance framework delivers significant improvement in productivity and greater readiness to manage security and regulatory challenges.

According to Haragopal M, Business Head, Finacle, “Finacle, version 10 with its powerful multi-country infrastructure and transformational capabilities delivers increased productivity, rapid innovation and a comprehensive set of offerings to meet diverse customer demands. Seven Tier-1 and Tier-2 banks around the world have already reposed their trust on Finacle, version 10 to power their domestic and international operations.”

As a leader in banking transformation, Finacle has a global footprint across 60 countries and has been acknowledged by top analysts including Gartner, Forrester and Celent 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 and The Asian Banker IT Implementation Award.

Sourced From: Corporate Voice|Weber Shandwick