Infosys banking on Finacle

BANGALORE: Infosys Technologies has unveiled its new product Finacle, an
integrated core banking solution. Finacle is centralized, multi-currency and
multi-lingual enabled, and functionally rich, addressing both retail and
corporate banking requirements. Positioned as a core banking e-platform, Finacle
leverages Internet technology to drive the operations of a bank.

According to Infosys president, MD and COO Nandan Nilekani, "Finacle is
a highly secure open platform for banks that are ready to go beyond
banking." Explaining further, he said, "Perhaps the most important
aspect of Finacle is that it is completely Web enabled. This new generation
enterprise banking system brings the advantages of Internet technology to work
for banks and seamlessly integrates with surround Web applications. Finacle’s
open architecture allows easy integration with multiple delivery channels. It
enables banks to offer products and services through ATMs, call centers,
telephones, and the Internet, ensuring 24x7x365 service levels across all the
channels."

Finacle’s interface to external payment gateways (credit and debit card
networks) allows banks to participate in the payment process with non-customers.
Further, it supports end-to-end automation of corporate transactions and trade
finance activities. Finacle’s interface to country-specific electronic
clearing houses and reporting tools enables complete automation of the clearing
process, payments and collections based on specific banking events and central
bank reporting.