Finacle finds place in Gartner Magic Quadrant

BANGALORE, INDIA: Indian IT giant Infosys announced on Wednesday that Gartner, Inc. has positioned Finacle core banking solution in the Leaders Quadrant of the recently released 'Magic Quadrant for International Retail Core Banking (IRCB)' report.

The Gartner Magic Quadrant IRCB report assesses the suitability of core banking system providers and their product offerings to address the impact of these and other trends in the IRCB market, Infosys said in a press release.

Magic Quadrants depict markets using a two dimensional matrix that evaluates vendors based on their completeness of vision and ability to execute.

The evaluation began with 39 candidates for the IRCB Magic Quadrant for 2009 and resulted in a qualified group of 23 combinations of vendors and products that represent the major movers in retail core banking systems, the release added.

"We believe our position in the Leaders Quadrant is testimony to our strong commitment to the retail banking industry,” said Haragopal M, global head - Finacle, Infosys Technologies Ltd.

“Our end-to-end transformational approach, strong focus on process and quality methodologies, and comprehensive product functionality enable banks to achieve their future development and growth strategies,” he added.

As a leader in banking transformation, Finacle has a global footprint across 62 countries and has been acknowledged among the leaders in the core banking solution space by top analysts. It is also the winner of a series of awards for its innovation and implementation capabilities