BANGALORE, India, August 16, 2016 /PRNewswire/ --
Infosys Finacle, part of EdgeVerve
Systems, a product subsidiary of Infosys (NYSE: INFY), today
announced that it has been named a leader by Forrester Research,
Inc. in 'The Forrester Wave™: Customer-Centric Global Banking
Platforms, Q3 2016' report. Finacle was recognized as a leader
among nine top banking platforms, which were evaluated on a
comprehensive set of 40 criteria focusing on strategy, current
offering and market presence.
Assessing the market, Forrester mentions in the report that,
"Many banks' existing banking platforms still leverage overly
mature - and in some cases ancient - technologies that are neither
up to all of these business requirements nor provide a great basis
for innovation. Thus, the vast majority of banks are already
working on transforming their application landscape or planning to
start doing so any time now."
Highlights:
-
Infosys Finacle received the highest score among all vendors for
Current Offering
-
With a score of 4.35 (out of 5), Infosys Finacle is the only
vendor who scored above 4 in the category of Current Offering
-
Infosys Finacle received the highest score possible on the
criteria of 'Channels and Touchpoints', 'Customer -focused product
configurator' and 'Market Approach'
Quotes:
Referring to Finacle, Jost
Hoppermann, VP and Principal Analyst, Forrester, says in the
report, "EdgeVerve's Infosys Finacle banking platform excels at
current offering. Today, Infosys Finacle's traditionally strong
architectural focus shows key ingredients such as service-oriented
architecture (SOA), components, SOAP and RESTful APIs, and API
management. Infosys Finacle's product configuration and bundling
capabilities are particularly sophisticated. A reference client
explained that the solution allowed his firm to significantly
reduce time-to-market for new banking products. One powerful
differentiator: Finacle's preventive maintenance services, which
are unique in this market today."
Andy Dey, President - Customers & Operations,
EdgeVerve
"Digitization of our world, changing customer demands, increased
competition and margin pressures are driving banks to prioritize
long-pending modernization decisions. With Infosys Finacle solution
suite, we offer banks an opportunity to progressively modernize
their legacy application environment and gain new capabilities to
drive future growth. We believe, this assessment once again proves
that Finacle is the stand out leader for banks looking to
accelerate their digital transformation."
About Infosys Finacle
Finacle is the industry-leading universal banking solution from
EdgeVerve Systems, a wholly owned product subsidiary of Infosys.
The solution helps financial institutions develop deeper
connections with stakeholders, power continuous innovation, and
accelerate growth in the digital world. Today, Finacle is the
choice of banks across 94 countries, and serves over 848 million
consumers - estimated to be nearly 16.5 percent of the world's
adult banked population.
Finacle solutions address core banking, online banking, mobile
banking, CRM, payments, treasury, origination, liquidity
management, Islamic banking, wealth management, and analytics needs
of financial institutions worldwide. Assessment of the top 1000
banks in the world reveals that institutions powered by Finacle
enjoy 50 percent higher returns on assets, 30 percent higher
returns on capital, and 8.1 percent points lesser costs to income
than others.
To know more, visit www.finacle.com
Safe Harbor
Certain statements in this press release concerning our future
growth prospects are forward-looking statements regarding our
future business expectations intended to qualify for the 'safe
harbor' under the Private Securities Litigation Reform Act of 1995,
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 fluctuations in earnings, fluctuations in
foreign exchange rates, our ability to manage growth, intense
competition in IT 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 or expiration 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, 2016. 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. In
addition, please note that the date of this press release is
August 12, 2016, and any
forward-looking statements contained herein are based on
assumptions that we believe to be reasonable as of this date. 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
unless it is required by law.
For further information, please
contact:
Infosys
Asia Pacific
Sarah Gideon
Infosys, India
+91-80-4156-3998
Sarah_Gideon@infosys.com
EMEA
Paul de Lara
Infosys, UK
+44-2075162748
Paul_deLara@infosys.com
Americas
Pilar Wolfsteller
Infosys, USA
+1-(510)-944-4596
Pilar.Wolfsteller@infosys.com
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