Thinking the Future of Banking for Developing Countries RSS 2.0.
# Tuesday, July 06, 2010


Infosys - Finacle

Overview:

Infosys Technologies Ltd. (NASDAQ: INFY) defines, designs and delivers IT enabled business solutions.

Infosys provides a complete range of IT consulting outsourcing services based on strong domain and business expertise and strategic alliances with leading technology providers. Infosys' service offerings span business and technology consulting, application services, systems integration, product engineering, custom software development, maintenance, re-engineering independent testing and validation services, IT infrastructure services and business process outsourcing (BPO). Infosys is a leading global IT organization with over 40 offices and development centers in India, China, Australia, the Czech Republic, Poland, the UK, Canada and Japan.

Infosys is well positioned to be a bank's long term technology partner.

Corporate headquarters: Bangalore, India
US headquarters: Fremont, CA


Finacle is the banking solution from Infosys Technologies.

History of Infosys banking products/brands:

BANCS 2000 (Core Banking System) came from a 1993 development for an Indian retail bank
Bankaway - e-commerce product launched in 1997
BANCS connect (Financial middleware)
BANCS mart (Data warehousing solution)
Revamped Bancs2000 centralized and customer-centric banking solution released in 1999
July 2000, the core banking product was re-launched as Finacle universal banking solution

Products: Finacle Universal Banking Solutions

Finacle solutions from Infosys address the core banking, e-banking, Islamic banking, treasury, wealth management and CRM requirements of retail, corporate and universal banks worldwide.

Finacle is the chosen solution in over 106 banks across 60 countries. Finacle is implemented across countries like the US, UK, UAE, Mainland China, Taiwan, Hong Kong, Saudi Arabia, Maldives, Mauritius, Nepal, Nigeria, Indonesia, Singapore, Uganda, Sri Lanka, Tanzania, Zimbabwe, Thailand, Philippines, Jamaica, Cayman Islands and India.

Core Banking - Finacle core banking solution is a comprehensive, integrated yet modular business solution handles the strategic and day-to-day (or core) processes of banks.

e-Banking - Finacle consumer e-banking solution is a proven Internet and mobile solution for retail banking customers.

CRM - Finacle CRM solution is a modular, multilingual, web-based customer-centric application that enables banks to leverage ready-to-deploy CRM functionality.

Treasury - Finacle treasury solution is an integrated yet modular front, middle and back-office solution built on best-of breed open technology platforms, providing high scalability , flexibility and STP capability.

Mobile Solutions - Finacle mobile solutions can broadly be classified under two categories: mobile payments and mobile banking solutions.

Alerts - Finacle alerts solution empowers banks with the capability to alert end users about events recorded by the bank's business systems.

Web-based Cash Management - Finacle web-based cash management solution is ideal for banks looking to deploy an online cash management solution for their corporate customers.

Wealth Management - Finacle wealth management solution is a modular, fully scalable, integrated core banking and investment management system designed for the specific needs of retail and private banks.

Islamic Banking - Finacle Islamic banking solution offers an integrated and comprehensive approach for banks to define and present Shariah-compliant products to customers.

Finanz Tools - Finanz Tools is an integrated family of tools that engage the bank’s customers in personalized sales illustrations.

Suitable for larger institutions: Finacle is one of the few 'open' core banking applications that runs live sites with volumes going up to a peak of over 12M transactions a day, 17,000+ users, 19M+ customers, 2100+ branches and 3TB of database.

Platform: RISC based servers with Unix (AIX / Solaris / Tru64)
– IBM AIX, HP-UX and Sun Solaris / Client / front-end - – Any standard device running a browser – Thin client/ PC / Database – Based on Oracle RDBMS

Clients:

(IBS 2008 primarily universal banking | Finacle | Total Customers: 108 / New Signings in Yr: 14)
(IBS 2007 primarily universal banking | Finacle | Total Customers: 94 / New Signings in Yr: 13)

(IBS 2006 / Finacle Core Total Customers 88 / Live Sites 72)
(IBS 2005 / Finacle Core Total Customers 88 / Live Sites 72)
(IBS 2004 / Finacle Core Total Customers 84 / Live Sites 72)
(IBS 2003 / Finacle Core Total Customers 73 / Live Sites 58)

Q2 2005 – Infosys’ Finacle has been selected by Development Bank of Singapore (DBS), the largest SE-Asian regional bank, in a significant new core banking systems decision covering domestic retail business in Singapore.
ABN AMRO Bank - China Finacle selected by ABN Amro in 2004 for its Greater China operations. Implementation of the system will begin in Taiwan, followed by two Hong Kong sites, then China (Shanghai). Finacle will replace Fiserv's ICBS.
State Bank of India - Intl Aug 2004 - Finacle selected for State Bank of India's international operations. The bank has deployed Finacle core banking, e-banking and treasury solutions across the current operations in 20 countries.

ABN AMRO Bank, India, China, Taiwan
Andhra Bank, India
ANZ, Australia, Laos, Indonesia
Arab National Bank
Axis Bank (formerly UTI Bank, India)
Bank of Baroda, India
CenturiOn Bank of Punjab, India
Credit Suisse Group
DBS Bank - Development Bank of Singapore
Dena Bank, India
First City Bank
First Bank of Nigeria
Government Housing Bank (GHB), Thailand
Hatton National Bank, Sri Lanka
ICICI Bank
Industrial Bank of India (IDBI) Bank
National Bank of Abu Dhabi
National Commercial Bank, Jamaica
National Commercial Bank, Jeddah Saudi Arabia
Oriental Bank of Commerce, India
Punjab National Bank, India
Sampath Bank, Sri Lanka
South Indian Bank, India
Standard Trust Bank, India
State Bank of India, India
UCO Bank, India
Union Bank of India, India
United Bank for Africa, Nigeria
United Bank of India
Union Bank of the Philippines


Contact:


Infosys
Marketing Department, Finacle
Building no. 31, Plot no. 44
Electronics City, Hosur Road
Bangalore, India. Pin 560100

Phone: +91 80 28520261
Fax: +91 80 28521747

Website: www.infosys.com/finacle/
eMail: finacleweb@infosys.com

Tuesday, July 06, 2010 5:04:35 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
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