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ABN AMRO Bank launches NetBanking powered by Infosys’ BankAway and Finacle

Mumbai, January 17, 2002:

ABN AMRO Bank N.V. (India) today announced the launch of a powerful new NetBanking initiative for their Consumer banking customers. ABN AMRO Bank is committed to value-added banking, both in India and internationally. The Bank is growing both its direct and non-branch delivery network to complement its growth strategy in the Indian Consumer Banking segment. The NetBanking initiative is powered by BankAway from Infosys. Finacle – The new generation core banking solution from Infosys is the back end solution at ABN AMRO and provides online customer information to BankAway.

Speaking on the occasion, Mr. N.R. Narayana Murthy, Chairman and C.E.O. Infosys Technologies Limited, said, "We are excited by this opportunity to work with ABN AMRO Bank, a truly world class bank and a global banking giant, who is increasingly using technology as the key differentiator to gain competitive advantage and to create a unique customer value proposition. We at Infosys are totally committed to this relationship and view this as the beginning of a long and successful strategic partnership that has the potential to grow."

Mr. Romesh Sobti, Executive Vice President & Country Representative, ABN AMRO Bank (India), said, "We are delighted to bring the ease of e-banking to our customers. This is the first of several new business and technology initiatives that ABN AMRO plans to announce in the coming months. We believe that Infosys’ Enterprise Banking e-Platform will provide ABN AMRO’s customers the best of global technology."

"The launch of ABN AMRO’s Internet banking product further enhances our customer value proposition. We invite our customers to get connected to the most powerful NetBanking offering in India today and to experience its many unique features such as TDS Enquiry screens, and the ability to download and analyse statements on your desktop", Mr. Sobti added.

Ms. Meera H Sanyal, Chief Operating Officer, ABN AMRO Bank, India, said, "The rapidly changing dynamics of the new age economy require banks to respond with a high degree of agility. We believe, that our NetBanking offering is both functionally rich and
technically robust. More importantly our ability to provide straight-through-processing will increase operational efficiencies and reduce costs, both of which will directly benefit our customers."

"Right from its inception, we have perceived this partnership with ABN AMRO as strategic and have gone beyond the call of duty to ensure its success. We are now pleased that this relationship which started with India is growing. We believe that this is a testimony to the growing global acceptance of our Enterprise Banking e-Platform as the new generation technology platform best suited to meet the emerging challenges of the new-age banking." said Mr. Girish Vaidya, Sr.Vice President & Head Banking Business Unit, Infosys Technologies Ltd.