INFOSYS AND IBM SET NEW GLOBAL BENCHMARK FOR CORE BANKING TRANSACTION PROCESSING, PROMISING LOWER TOTAL COST OF OWNERSHIP FOR BANKS WORLDWIDE

11 December 2006

FINACLE CORE BANKING SOLUTION ON IBM SYSTEM p UNIX SERVERS SETS A NEW UNPARALLELED SCALABILITY RECORD

Infosys and IBM today announced record-setting results of a performance benchmark for Infosys' Finacle Core Banking Solution running on IBM's System p Servers that far outperform all such published benchmarks by a wide margin. As a result, banks worldwide will be able to process rapidly growing volumes of transactions faster and more reliably at an even lower cost per transaction.

In the recent scalability benchmark, reviewed by Ernst & Young, Finacle on IBM System p servers surpassed its own previous record as the most scalable core banking solution in the world. Finacle on IBM System p benchmark performed on a base of over 52 million accounts, delivering a transaction throughput on delivery channels[1] at 29,010*1 effective transactions per second (ETPS) beating its own previous best of 11,180*4 ETPS. The new delivery channels transaction processing benchmark translates to a business transaction throughput of 19,288*1 business transactions per second (TPS).

For On-Line Transactions Processing (OLTP)[2] a throughput of 11,476*2 ETPS was recorded (which translates to 7,790*2 business TPS) and for term deposit interest booking batch processing, the system processed 39,408*3 accounts per second.

"The results of this benchmark with IBM have reinforced Finacle’s value proposition as the most scalable and robust core banking solution in the world and a solution ideally suited for global Tier 1, Tier 2 banks and other large and fast growing banks across the world. Finacle coupled with IBM's System p servers will enable our clients to manage aggressive growth efficiently, reliably and at an even lower total cost of ownership," said Merwin Fernandes, Vice President and Business Head- Finacle, Infosys Technologies. ”This is another example of how Finacle innovates to set new industry benchmarks that enable our clients scale new heights in their business and stay ahead of the curve in a highly competitive global banking market,” he added.

Ian Hurst, General Manager, Banking and Financial Services, IBM adds, "We have invested extensively in the advancement of the IBM System p platform to allow our customers to reap real business benefits from our technology innovation. The result from this benchmark is further proof that customers from banking organizations have much to gain in areas of better cost efficiencies, scalability, and resource utilization when running Finacle on IBM System p servers. This is one more example of how we are addressing the needs of our customers who are looking to innovate for business value."

With banks across the world rapidly growing and scaling their business fuelled by accelerating M&A, product innovation, one-stop banking and explosive retail banking growth in emerging markets, the key objective of the benchmark was to demonstrate and measure the ability of the core banking solution to seamlessly scale up to handle the ever growing transaction volumes (both online and batch) efficiently and cost effectively.

Banks running Finacle and IBM System p servers can now add new products and services and be able to handle the increased transaction and account processing requirements on a highly scalable, robust, low TCO platform.

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