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Follow on Google News | Infosys Launches Finacle 11E – An Advanced Universal Banking SolutionInfosys announced the launch of Finacle 11E, an advanced universal banking solution that simplifies banking transformation
By: Infosys Limited It also facilitates the launch of new products and services faster– Finacle clients have experienced an average improvement of 33 percent in their time to market**. As banks aim to reinvent their business and navigate the current challenges in the macroeconomic 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. Its enterprise-class capabilities help banks break their technology silos and eliminate duplicate applications. This helps banks reduce their cost of operations and simplify their processes. With this release, Finacle has added six new enterprise components to its suite: Payments– An ISO 20022 based advanced payment services hub to future-proof banks’ payments business Multichannel Framework– Enables customers to navigate seamlessly across multiple channels without losing the transaction context Offers and Catalog– Empowers banks to publish instant offers across channels. Graphical product simulators, comparators, and customer reviews offer users a ‘ do-it-yourself’ Liquidity Management– Front- to-back office solution for banks corporate customers to identify, manage and optimize their liquidity Loan Origination– Dashboards– Configurable role-based console delivers an intuitive user experience that improves productivity and frees up time for right-sell discussions Quotes Haragopal M, Global Head– Finacle, Infosys: “Complexity of business operations and need for technology modernization are amongst the biggest hurdles to accelerate growth today. Leveraging the componentized nature of Finacle 11E, banks can choose to deploy a solution in phases based on business priorities. This ensures simplified transformation journey and faster realization of modernization benefits.” Ali Sajwani, Chief Information Officer, Emirates NBD: “Finacle Core Banking Solution has been powering our operations since 2009. As a long term partner, Finacle has helped us grow both organically and inorganically. It is encouraging to see Infosys constantly evolving their solution to meet growing needs of banks for simplification and easy modernization. We are currently rolling out their new liquidity management solution to offer tailor-made cash management products to our corporate and SME clients.” Peter Schlebusch, Chief Executive of Personal and Business Banking, Standard Bank: “Infosys has been our partner in business transformation for over three years now. Today, we run Finacle solutions in five countries and have plans to expand it to other territories to achieve higher operational efficiencies and faster growth. We are glad that Infosys continues to invest in the solution and now with Finacle 11E, are bringing out capabilities which will help banks to simplify their operations and deliver superior customer experience.” *Based on a client case study prepared by Aite, an independent research firm **Based on an independent Business Value Articulation (BVA) survey conducted with 46 Finacle clients by Feedback Business Consulting Services, a third-party independent market research organization Safe Harbor Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2013 and on Form 6-K for the quarter ended June 30, 2013. For more information visit: http://www.infosys.com/ Asia Pacific Abhijith Karthikeya D Infosys, India Phone: +91 80 41563373 Abhijith_Damodar@ EMEA Paul de Lara Infosys, UK Phone: +44 2075162748 Paul_deLara@ Americas Ken Mont gomery Phone: +1 415.318.4399 KMontgomery@ Australia and New Zealand Cristin Balog Infosys, Australia Phone: +61 3 9860 2277 Cristin_Balog@ End
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