Infosys, a leader in consulting, technology, outsourcing and next generation services, today announced that its Finacle Mobile Banking and e-Banking solutions have been rated ‘Best-in-Class’ for security and authentication capabilities and enterprise support. In the report titled ’Mobile Corporate Banking Technology Analysis’(1), CEB TowerGroup analysts quantitatively ranked Mobile Corporate Banking solutions across 19 attributes to arrive at the best-in-class rankings.
Infosys Finacle’s leading position in the industry was reinforced by several other recognitions last quarter. It was named a leader in ‘The Forrester Wave™: Customer-Centric Global Banking Platforms, Q3 2014’ report(2). The solution was recognised among the top nine global banking platforms, which were evaluated on a comprehensive set of 74 criteria focusing on functional breadth, agility, and strategy. Infosys Finacle was also adjudged a winner by Juniper Research in their 2014 Future Mobile Awards in the mobile banking category(3). In another assessment(4), CEB TowerGroup analysts rated the Infosys Finacle Trade Finance solution as the ‘Best-in-Class’ for bank user services and enterprise support.
Infosys Finacle continued its business momentum last quarter with 18 wins and 16 go-lives across Europe, Middle East, Africa and Asia Pacific. With over 450 installations globally, this flagship banking product of Infosys is today serving 451 million customers across 84 countries – this is nearly 18 percent of the world’s adult banked population.
As global financial institutions increasingly seek actionable insight to better service their customers, Finacle will leverage the latest advancements in mobility, big data and analytics to further enhance its offerings in the space. According to Ovum, retail banks’ spending on management information systems − including data collation, analytics, and reporting systems − is expected to reach US$9.3 billion by the end of 2018.(5)
Michael Reh, Senior Vice President and Global Head of Finacle, Infosys: “These industry recognitions are milestones from which we will continuously evolve Finacle to maintain its leadership position in the market. As banks aim to renew the core of their business and innovate to deliver personalized solutions to customers, mobility and advanced analytics solutions will be integral to them. We have great technology to help them achieve this. We will leverage our expertise in these areas to further strengthen our offerings and satisfy the dynamic and evolving demands of the industry."
- (1)Mobile Corporate Banking Technology Analysis by CEB TowerGroup
- (2)The Forrester Wave™: Customer-Centric Global Banking Platforms, Q3 2014. Forrester Research, Inc., August 6, 2014
- (3)Juniper Research Future Mobile Award for Mobile Banking 2014.
- (4)Trade Finance Applications Technology Analysis report by CEB TowerGroup.
- (5)Ovum’s perspective on Big Data set to boost the effectiveness of analytics in banking, 16th June 2014