Infosys launches Finacle 11E

BANGALORE, INDIA & DUBAI, UAE: Infosys announced the launch of Finacle 11E, an advanced universal banking solution that simplifies banking transformation.

The solution's componentized approach helps banks of all sizes to rapidly modernize their operations, in a phased manner while minimizing risk. Its enterprise-class components are expected to enhance the efficiency of a bank's operations, while improving customer experience across all channels.

Finacle 11E is the latest release of the award-winning Finacle universal banking solution. It builds on Finacle's success of delivering powerful benefits to global banks, including an annual rate of return of over 55% on core banking transformation investments*. It also facilitates the launch of new products and services faster - Finacle clients have experienced an average improvement of 33 per cent in their time to market.

As banks aim to reinvent their business and navigate the current challenges in the macro-economic environment, Finacle 11E promises a simplified approach to banking transformation:

* Its componentized structure makes it easy for banks to quickly target new customer segments. Banks can also choose the components they need and replace their existing systems one step at a time, to progressively modernize their business.

* The product factory capabilities in Finacle 11E empower banks to create and deploy new products in weeks instead of months.

* The solution's ready-made integration adaptors and compliance to industry standards ensure shorter deployment cycles and significantly lower total project costs.

* Its enterprise class capabilities helps banks break their technology silos and eliminate duplicate applications. This helps banks reduce their cost of operations and simplify their processes.