BANGALORE, INDIA: Infosys has announced the launch of Finacle version 10 that will enable banks to transform their multi-country operations through a standard platform and processes.
A release from Infosys said that the latest version is a highly sophisticated and advanced system built with an investment of over 240,000 person days.
A set of over 5000 parameters and an enhanced scripting studio will deliver rapid product innovation.
The new version brings with it a whole new set of offerings including Islamic banking, wealth management and an enhanced mobile banking solution.
T.V. Mohan Das Pai, member of the board, Infosys said: “We have invested over $60 million in the last three years to build a state-of-the-art banking solution. Finacle Universal Banking Solution, integrated with Infosys services like SI, Consulting and BPO will offer global banks a truly differentiated transformation model”.
According to Haragopal M, Business Head, Finacle, “Finacle, version 10 with its powerful multi-country infrastructure and transformational capabilities delivers increased productivity, rapid innovation and a comprehensive set of offerings to meet diverse customer demands. Seven Tier-1 and Tier-2 banks around the world have already reposed their trust on Finacle, version 10 to power their domestic and international operations.”
Finacle has a global footprint across 60 countries and has been acknowledged by top analysts including Gartner, Forrester and Celent among the leaders in the core banking solution space.