Infosys Unveils Finacle10

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Infosys Technologies today announced the global launch of 'Finacle 10' to reinforce its worldwide leadership in banking transformation. The latest version of core banking software was a highly sophisticated and advanced system built with an investment of over 2.4 lakh person days and an investment of over 60 million US Dollar in the last three years.

Finacle, the universal banking solution from Infosys, empowers banks to transform their business leveraging agile, new generation technologies. This modular solution addresses the core banking, treasury, wealth management, consumer and corporate e-banking, mobile banking, alerts and web-based cash management requirements of retail, corporate and universal banks worldwide. Finacle has been architected out of years of experience with global banks and offers several powerful and differentiating features making it one of the most comprehensive, flexible and scalable solutions in its class.

The new set of offerings in Finacle 10 include Islamic banking, wealth management and an enhanced mobile banking solution. "Finacle is core to our growth strategy. We have invested over million in the last three years to build a state-of-the-art banking solution", said Infosys spokesperson.

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.

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

As a leader in banking transformation, Finacle has a global footprint across 60 countries. 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.