Infy's Finacle wins Banking Technology awards

BANGALORE, INDIA: Infosys Technologies, a provider in IT services today announced that its Finacle universal banking solution featured in two prestigious awards at the Banking Technology Awards 2008.

It was ‘Highly Commended’ in the ‘Best Core Banking Product’ category for the banking technology readers’ choice award, said a press release.

The Bank Sohar’s (Oman) implementation of Finacle’s Bank-in-a-Box Solution (BIAB) was awarded a Judges’ Special Achievement Award, it added. The award was presented at the Grosvenor House Hotel in London on November 6.

The Banking Technology Awards, now in its ninth year, reflects excellence across a range of IT activities in banking and financial services. It received entries from across the Europe, Middle East and Africa region.

It has given its readers the power to vote for the best systems across several product areas in the financial sector.

Its readers recognized the benefits delivered by Finacle’s core banking solution to banks in meeting the challenges of managing change, competition, compliance and customer demands effectively.

"The standard of entry in the Banking Technology Awards continues to reach new levels, and this year was no exception," said David Bannister, editor of Banking Technology and chairman of the judging panel.

“We’re very proud of this recognition from Banking Technology as it highlights our leadership in banking technology and our commitment to the banking industry. This award also endorses Finacle’s promise of delivery excellence for banking transformation,” said Haragopal M, head, Finacle.