Finacle intros BIAB for mid-sized banks

BANGALORE: Finacle, banking solution fromInfosys Technologies, today announced the launch of its Bank-in-a-Box (BIAB), a pre-configured and fully integrated framework for mid-sized banks.

Finacle BIAB has been developed on the architectural foundation of Finacle and brings a fully web-enabled application and process stack in a ready to deploy state. Currently, the regional framework has been developed for three regions – Europe, Middle East and South East Asia.

Haragopal M, vice president and business head - Finacle, Infosys Technologies, said, “In this flattening world, mid sized banks need to rapidly respond to the changing consumer demands and the competitive landscape. Finacle Bank-in-a-Box framework offers banks with a rapidly deployable solution that provides knowledge of best banking practices, processes and standards.”

Finacle developed the BIAB framework by leveraging the collective implementation experience of its consultants and by incorporating best practices from central banks and external consultants. With 300+ Process Maps, Finacle BIAB enables banks to develop their processes with ease and without the need for any other external aide or tool.