BWI: Finacle from Infosys Positioned as a Leader in Global Banking Platforms Independent Report

Press release from Business Wire India
Source: Infosys Technologies Limited
Wednesday, February 04, 2009 03:30 PM IST (10:00 AM GMT)
Editors: General: Consumer interest; Business: Accounting & management consultancy services, Advertising, PR & marketing, Banking & financial services, Business services, Financial Analyst, Information technology; Technology
Release no: 19143
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Finacle from Infosys Positioned as a Leader in Global Banking Platforms Independent Report


Bangalore, Karnataka, India and London, New York, United Kingdom, Wednesday, February 04, 2009 -- (Business Wire India) -- Infosys Technologies announced that Finacle from Infosys was named a leader in the January 2009 report, "The Forrester Wave: Global Banking Platforms, Q1 2009". Infosys Finacle scored highest on criteria of current offering as well as corporate and product strategy. The detailed report is available at: http://www.infosys.com/finacle/solutions/global-banking-platform.asp.

In this report, Forrester selected vendors according to scope, global success, and relevance. These were short-listed through a rigorous multi-criteria selection process that included an in-depth appraisal of their coverage of the Forrester banking functions map, next-generational architecture approach, success in 2007, global delivery capability and mindshare among the Forrester client base.

According to the report by Jost Hoppermann, Vice President, Forrester, "Infosys earned top scores for current offering and strategy in this edition of Forrester's Wave evaluation of global banking platforms. One of the reasons is Infosys' strong architecture focus as well as its overhaul of the banking platform that touched many areas of Finacle. Infosys with Finacle scores highest on architecture and highly on flexibility."

Finacle from Infosys ranked number 1 in Overall Strategy and earned the top score for its Current Offering. Finacle also received the highest scores for product strategy and is one of the best positioned organizations to deliver agile banking platforms.

Haragopal M, Head - Finacle, Infosys Technologies Ltd, said: "We are pleased to accept this recognition. Our position as a leader in the Forrester Wave reflects Finacle's proven strengths - focused strategy, a comprehensive universal banking solution with scalable, flexible and open services based architecture, and new generation technology. The report findings further recognize Finacle's expertise in addressing requirements of large banks across the globe."

The report evaluated the vendors across 108 criteria grouped into three key result areas - Strategy, Market Presence and Current Offering. The report states, "On a more detailed level, strong points are functional composition, process execution, and integration. Infosys is one of the two vendors with the highest score on data and information management approaches and also shows the highest scores for multichannel enablement as well as deployment and operations."

About Finacle Universal Banking Solution

Finacle from Infosys helps banks WIN IN THE FLAT WORLD by providing solutions and services that enable a shift in their strategic and operational priorities. The offerings address the comprehensive technology-led business transformation requirements of retail, corporate and universal banks worldwide by maximizing their opportunities for growth, while minimizing the risks that come with such large scale transformation. For more information, visit www.infosys.com/finacle.

About Infosys Technologies Ltd

Infosys (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a flat world. These solutions focus on providing strategic differentiation and operational superiority to clients. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 91,000 employees and operates globally from 21 countries. Infosys is part of the NASDAQ-100 Index. For more information, visit www.infosys.com.

Infosys Technologies Ltd - Safe Harbor

Statements in connection with this release may include forward-looking statements within the meaning of US Securities laws intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties including those described in our SEC filings available at www.sec.gov including our Annual Report on Form 20-F for the year ended March 31 2008 and our other recent filings, and actual results may differ materially from those projected by forward-looking statements. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.


CONTACT DETAILS
Sujeet Pramanik, Infosys Press Office - Bangalore, Infosys Technologies Limited, +91 (80) 41057551, Sujeet_Pramanik@infosys.com
Shamima Begum, Infosys Press Office - London, Infosys Technologies Limited, +44 (0) 2070670469, SBegum@GolinHarris.com
Daylan Burlison, Infosys Press Office - New York, Infosys Technologies Limited, +1 5105658558, Daylan_Burlison@infosys.com

KEYWORDS
CONSUMER, CONSULTANCY SERVICES, MARKETING, BANKING, BUSINESS SERVICES, Financial Analyst, IT, TECHNOLOGY, INFY.O

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