Infosys launches new banking solution
Dubai, September 19, 2013
Infosys, a leading consulting, technology and outsourcing firm, has launched Finacle 11E, an advanced universal banking solution that simplifies banking transformation.
The latest release of the Finacle universal banking solution’s components are expected to enhance the efficiency of a bank’s operations, which improving customer experience across all channels, said a statement.
It builds on Finacle's success of delivering powerful benefits to global banks, including an annual rate of return of over 55 per cent on core banking transformation investments, it said.
It promises a simplified approach to banking transformation through its componentised structure making it easy to quickly target new customer segments, product factory capabilities empowering banks to create and deploy new products in weeks, its ready-made integration adaptors and compliance industry standards ensuring shorter deployment cycles and lower total project costs.
The solution also features a multichannel framework, offers and catalog, liquidity management, loan origination, and dashboards.
Haragopal M, global head – Finacle, said: "Complexity of business operations and need for technology modernisation are among the biggest hurdles to accelerate growth today. Leveraging the componentised nature of Finacle 11E, banks can choose to deploy a solution in phases based on business priorities. This ensures simplified transformation journey and faster realisation of modernisation benefits." - TradeArabia News Service
More Finance & Capital Market Stories
- Saudi investor exits first UK real estate investment
- Dubai Investments Park celebrates Nasdaq listing
- Norton Rose Fulbright advises on IDB $1.5bn sukuk
- IGIH posts 24pc rise in profit
- Tokyo exchange inks Dubai agreement
- PiSlice, du partner to encourage micro-lending
- Bank Alkhair swings to $4.7m profit
- BMI launches new personal loan promotion
- Experts shed light on key Fatca legislation
- Saudi inflation plunges to four-year low
- UAE investment appetite 'strengthens' says expert
- Dubai mulls rule change to woo domiciled funds
- UAE, Abu Dhabi roll over $20bn of Dubai's debt
- Saudi can achieve 4.4pc growth this year
- Emaar listing of retail unit 'within months'
- Dubai Investments nets $29m profits
- Compliance officers facing diverse pressures, says study
- Abu Dhabi finance dept inks deal with Ajman
- Kuwait registers 8pc credit growth
- Bahrain Sico funds net solid returns
- Emaar proposes 15pc cash dividends
- ABG units win top Islamic finance award
- Finance House approves 25pc cash dividends
- Qatar 'most expensive country in Gulf'
- Egypt regulator sets rules for index
- Dubai Islamic eyes Kenya, Indonesia for expansion
- ADCB to buy back 3pc of its shares
- GCC insurance growth outpaces developed markets
- Bahrain 'faces budget deficit, inflation challenges'
- Global Payment Services wins key certification