Infosys' Finacle® wins 'The Banker Technology Awards 2004'

Bangalore, June 02, 2004

Infosys Technologies (NASDAQ: INFY) today announced that its universal banking solution, Finacle®, has won in the prestigious ‘The Banker Technology Awards 2004’. Infosys Technologies was the winner in the category- "Mobile solution of the year" for Finacle’s mobile payments and recognized as Highly Commended in "Application of the year" for Finacle’s corporate e-banking solution. The Banker Technology Awards, institutionalized by The Financial Times UK, are annual awards that recognizes the best and the most innovative technology solutions from around the world in the banking industry.

Finacle’s Mobile Payments was adjudged the winner in its category because it demonstrated innovative leveraging of emerging technology to provide banks an effective model to seize the new business opportunity in the mobile space - quickly and cost-effectively. Similarly, Finacle’s corporate e-banking stood out for the comprehensiveness of the offering covering from account services to trade finance to cash management, innovative features like integrated two-way alerts and unique single code based J2EE / .NET capability.

According to The Banker, "Finacle's Mobile Payment is an innovative solution that provides banks with a cost effective and reliable model to offer customers micro payment service in a secure manner". Recognizing Finacle's corporate e-banking solution, The Banker said, "Finacle's corporate e banking solution was recognized for its flexible, scalable and modular capability."

Commenting on the achievement, Girish G Vaidya, Senior Vice President and Head, Banking Business Unit, Infosys Technologies Ltd said, "Finacle has always differentiated itself based on innovation and agility of its offering. This has been achieved based on our early investments in emerging technologies and our ability to leverage this to provide agile and innovative solutions to our client banks. The Banker Awards are a testimony to this fact. We are delighted to have won this award and on this occasion I would like to thank all our customers for their continued support and trust in Finacle."

According to Parveen Bansal, Technology Editor, The Banker, "Finacle has been recognized for its flexible, scalable and modular solution. The innovative solution with robust security, advanced workflow, integrated transaction enabled alerts and web-based cash management features made it stand ahead of its competitors".

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