Finacle From Infosys Implemented In Record Time For ANZ In Asia

24 July 2008

Infosys Technologies today announced the successful implementation of its Finacle Universal Banking Solution at ANZ in Laos (ANZV). The implementation completed in the record time of just 180 days makes ANZV the first bank to receive the latest version of the platform – Finacle v10 – which features revolutionary web based awareness technology and SOA architecture.

The implementation also marks the first milestone in the multi-country deployment planned by ANZ over the next three years. The Finacle platform is also currently used by ANZ in Australia.

David Cartwright, ANZ Group Managing Director, Operations, Technology and Shared Services, said: “Technology is key to ANZ’s aspiration to become a super regional bank. Implementation of a new core banking platform is crucial to our plans to grow our business and provide leading products and services to our customers in Asia.”

Finacle will give ANZV’s customers access to real-time account balances, faster account processing and an expanded range of products and services including electronic options and debit cards.

Gary Ebeyan, Chief Executive Officer, Infosys Australia said: “We are very pleased to be working with ANZ. Considerable planning has been undertaken to ensure all aspects of the project were effectively managed. The Infosys Global Delivery Model combined with Finacle’s flexibility enabled us to deliver in record time.”

Haragopal M, Business Head-Finacle, Infosys Technologies, said: “We are delighted to help ANZ achieve its goal of implementing a core banking solution throughout Asia. Asia Pacific is a market of strategic focus for Finacle and we look forward to closely working with ANZ to provide a core banking solution that supports their growth plans in the region.”

As a leader in banking transformation, Finacle has a global footprint across 61 countries and has been acknowledged by top analysts including Gartner, Forrester and Celent among the leaders in the core banking solution space. Finacle is also the winner of a series of awards for its innovation and implementation capabilities, the most notable ones being The Banker Technology Award and The Asian Banker IT Implementation Award.

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