Infosys launches Finacle Mobile Banking 2.0

Bangalore, London, Las Vegas - 20 October 2010

One of the first mobile banking solutions in the world to offer mobile financial management and advisory services

• Infosys Technologies Ltd. announced the launch of Finacle mobile banking 2.0. This comprehensive solution enables retail and corporate consumers to access banking services through mobile SMS, GPRS, 3G and USSD-enabled handsets.

• The solution supports multi-host, multilingual, multi-channel, multi-currency banking. It facilitates interactive financial management encompassing product selection, proximity payments, remote deposit capture, new account opening, ATM/branch locating based on GPS and value added services like mobile ticketing, mobile top-up and mobile marketing.

• The solution’s robust integration framework enables seamless integration with disparate host systems, facilitating a unified, rich and intuitive user experience. Two factor authentication and encryption ensure fidelity of transactions.

• The device-agnostic solution supports over 8000+ mobile handsets including basic handsets and smart devices like iPhone, BlackBerry® smartphones1 and iPad. Customers can avail banking services through SMS messaging, browser-based mobile banking, rich client/download-based mobile banking or USSD messaging. In addition, the solution is channel agnostic and can be leveraged to fulfil transactions initiated across any other channel.

• Banks can also leverage Finacle mobile bank-in-a-box, which is a pre-configured and pre-integrated solution for easy and rapid mobile banking deployment in lesser than 30 days.

Key Quote

According to Haragopal Mangipudi, Global Head - Finacle, Infosys Technologies, “As channel innovation continues to be a strategic priority for progressive banks, mobile banking has truly come of age. Finacle mobile banking 2.0 enables banks to create and leverage game-changing opportunities, through the mobile channel, to build, deepen and institutionalize relationships with both customers and new emerging consumer segments.”


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