Infosys Finacle named leader in core banking systems

BANGALORE, INDIA: Infosys Finacle, the universal core banking solution, has been ranked as the global market leader in core banking systems, based on the highest number of deals won for the 12-month period ending June 30, 2013.

The Big Leagues 2013: Core Platform Sales Ranking report took into consideration the sales performance of 15 global vendors based on a weighted score linked to bank size, geography and number of modules installed. Infosys Finacle scored the highest in terms of both number and aggregate value of deals won.

Highlights

· Infosys Finacle received the XCelent Customer Base Award for its sales performance in Asia-Pacific and Western Europe

· Asia-Pacific has been the strongest geography for Finacle and is responsible for more than 60 percent of gross deals

· Western Europe proved to be another significant growth market for Finacle, accounting for almost 40 percent of the total deal value in the region

· Infosys Finacle is the only vendor in the report with consistent large multinational wins covering both Indian and international markets

Haragopal M., senior vice president and Global Head - Finacle, Infosys: "Our leadership ranking in Celent's ‘The Big League 2013' report cements our global position as the number one core banking solution provider. We continue to help leading banks across the world create sustainable business growth with Finacle 11E, our latest universal banking solution. As banks strengthen their focus on accelerating innovation and fine tuning their business models, our new solution brings advanced functionalities, increased componentization and enterprise-class capabilities to help banks achieve their goals."

Stephen Greer, Analyst - Retail and Business Banking, Celent: "Infosys Finacle has consistently shown its ability to implement in a wide range of environments and with a large array of financial institutions, from small community banks to large multinational megabanks, winning awards for sales in Celent's Big Leagues Sales Ranking. The recently released Finacle 11E takes an already competent and competitive market product and elevates it to another level with an impressive amount of configurability and flexibility attained through componentization. It will be interesting to see what the next year holds for Infosys Finacle, and Celent is bullish about its potential."