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.
About Finacle Universal Banking Solution
Finacle from Infosys helps banks WIN IN THE FLAT WORLD by
providing solutions and services that enable a shift in their
strategic and operational priorities. The offerings address the
comprehensive technology-led business transformation requirements of
retail, corporate and universal banks worldwide by maximizing their
opportunities for growth, while minimizing the risks that come with
such large scale transformation.
For more information, visit www.infosys.com/finacle.
About Infosys Technologies Ltd.
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 80,000 employees in over 44 offices worldwide. Infosys is
part of the NASDAQ-100 Index. For more information, visit
www.infosys.com
Infosys Technologies Ltd - Safe Harbor
Certain statements in this release concerning our future growth
prospects, including statements relating to Finacle offering global
banks a truly differentiated transformation model and the Finacle,
version 10 solution delivering increased productivity, rapid
innovation and a greater readiness to manage security and regulatory
challenges, are forward-looking statements, within the meaning of
Section 27A of the U.S. Securities Act of 1933, as amended, and
Section 21E of the U.S. Securities Exchange Act of 1934, as amended,
which involve a number of risks and uncertainties that could cause
actual results to differ materially from those in such forward-looking
statements. The risks and uncertainties relating to these statements
include, but are not limited to, risks and uncertainties regarding the
success of our investments, risks and uncertainties regarding
fluctuations in earnings, our ability to manage growth, intense
competition in IT, business process outsourcing and consulting
services including those factors which may affect our cost advantage,
wage increases in India, our ability to attract and retain highly
skilled professionals, time and cost overruns on fixed-price,
fixed-time frame contracts, client concentration, restrictions on
immigration, industry segment concentration, our ability to manage our
international operations, reduced demand for technology in our key
focus areas, disruptions in telecommunication networks or system
failures, our ability to successfully complete and integrate potential
acquisitions, liability for damages on our service contracts, the
success of the companies in which Infosys has made strategic
investments, withdrawal of governmental fiscal incentives, political
instability and regional conflicts, legal restrictions on raising
capital or acquiring companies outside India, and unauthorized use of
our intellectual property and general economic conditions affecting
our industry.
Additional risks that could affect our future operating results
are more fully described in our United States Securities and Exchange
Commission filings including our Annual Report on Form 20-F for the
fiscal year ended March 31, 2007 and our other recent filings. These
filings are available at www.sec.gov. Infosys may, from time to time,
make additional written and oral forward-looking statements, including
statements contained in the company´s filings with the Securities and
Exchange Commission and our reports to shareholders. The company does
not undertake to update any forward-looking statements that may be
made from time to time by or on behalf of the company.
