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Infosys Enterprise Banking E-platform to propel ABN AMRO India’s thrust into e-age banking

Bangalore, India - November 30, 2000

Infosys, India's leading software company, today announced that ABN AMRO Bank (India) has signed up to deploy Infosys’ new generation Enterprise Banking E-platform - Finacle: Core Banking Solution, BankAway: Internet Banking & Mobile Banking Solution, PayAway: EBPP Solution and BancsConnect: Financial Middleware. Ranked among the top ten banks in the world, this Euro 534 billion global giant is the latest to join the growing ranks of banks replacing their existing IT platforms with software solutions from Infosys.

Mr. Romesh Sobti, CEO of ABN AMRO (India) said, " The continually changing business dynamics in the new age economy requires banks to respond with a high degree of flexibility and extensibility. The Infosys platform offers us this and we were also impressed by the commitment and the skills of the people at Infosys, which is the key in determining the success of any project. The clincher in favor of Infosys was the time-to-market advantage that is so important for us."

"We are excited by the opportunity to work with a world class bank like ABN AMRO because this global banking giant is increasingly using technology as the key differentiator to gain competitive advantage and satisfy growing customer demands. Infosys Enterprise Banking E-platform is a new generation web and e-commerce ready solution, which provides powerful, unique capabilities such as 24x7x365 banking, Straight Through Processing, workflow, and high level of flexibility, extensibility and inter-operability. The E-platform provides our clients strategic value by enabling them to gain and retain business agility and time-to-market advantage required to quickly seize new business opportunities and move ahead of competition." said Mr. Girish Vaidya, Head, Banking Business Unit, Infosys Technologies Ltd.

"We were impressed with the product’s scalability and robustness which is critical if our IT infrastructure is to keep pace with the ambitious growth plans we have charted out for ourselves. Finacle with its web-enabled architecture and interoperability offered us a very good platform to meet these needs," said Ms.Meera H Sanyal, CFO and CIO of the ABN AMRO Bank in India.

"There appears to be a trend in the core banking marketspace globally towards web enabled systems. Banks worldover are gearing up to meet the challenges and seize the opportunities thrown up by the e-age, where Internet and e-commerce paradigm is emerging as the key driver of change; India is no exception to this rule. With early investments and proven capabilities in these technologies, Infosys Enterprise Banking E-platform is well placed to seize opportunities that such a transformation may afford. Our recent wins in India, as elsewhere, are a clear reflection of this trend," said Merwin Fernandes, Associate Vice President and Head Marketing and Sales in the Banking Business Unit at Infosys.