Finacle Gets Upgraded
By CXOtoday Staff
Mumbai, Feb 21, 2008

Infosys has launched Finacle version 10 for banking transformation. 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.

According to T.V. Mohandas Pai, board member of Infosys Technologies, "Finacle is core to our growth strategy. We have invested over US $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 attempting 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 delivers increased productivity, rapid innovation, and a comprehensive set of offerings to meet diverse customer demands.

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