NMB Bank, a leading Bank from Zimbabwe, has selected Infosys' Finacle suite of enterprise banking solutions.
Infosys Technologies on Tuesday announced that Finacle universal banking solution has achieved the highest scalability and transactions throughput per second of 11,180 in online mode and 19,568 TPS in batch mode.
State Bank of India has selected Finacle Universal Banking, the core banking solution of Infosys Technologies, to power its international operations
Last week, its global head of strategic sales, marketing and alliances Prasad Thrikutam resigned from the job marking the 11th senior management executive exit from Infosys since Murthy's return.
Debate on, as part of wider plan to have products & platforms business as another unit.
Infosys commits to hiring 20,000 graduates amid industry-wide layoffs and uncertainty.
Infosys is all set to aggressively market its core banking solution product Finacle to mature banking markets in the US, Europe and Australia.
Besides, the company has sought nod from shareholders for issuing bonus in the ratio of 1:1
IT firm's performance shows trouble in products segment, a majority of whose share comes from Finacle
After striking good deals in the domestic market, Infosys is now firming up plans to tap the Eastern European markets for its banking product, Finacle.
Infosys Technologies is investing an additional $10 million to further globalise its banking solutions product Finacle, besides expanding its sales force in Europe and Asia Pacific for banking products.
Software majors Infosys and Wipro, who are vying with each other for global information technology outsourcing contracts, have now joined hands to outsmart competitors and win domestic banking contracts.
Infosys said it is in discussion with over 10 institutions globally for deploying the solution
Finacle, the core banking software product from Infosys, has been positioned in the leader Quadrant in the recently released 'Magic Quadrant for International Retail Core Banking 2006' report.
Shares of Infosys hit a five-month low of Rs 1,419.60, down 1 per cent on the BSE in Tuesday's intra-day trade. The stock was quoting at its lowest level since October 10, 2022. In past two days, the stock of information technology (IT) bellwether was down 4 per cent after the company on Saturday informed to the stock exchanges that Mohit Joshi, president of the company has resigned effective March 11, 2023. Mohit Joshi will be on leave thereafter and his last date for the company would be June 9, 2023, Infosys said in an exchange filing.
Finacle is a universal banking solution from Infosys which addresses the core banking, treasury, wealth management, consumer and corporate e-banking, mobile banking and web-based cash management requirements of retail, corporate and universal banks worldwide. Standard codes like ISO Country / Currency, SWIFT BIC Codes, UCPDC Codes are also incorporated in the Finacle BIAB framework, the company informed.
Infosys Technologies on Tuesday announced that it has signed an agreement with China Banking Corporation in the Philippines, to deploy its Internet banking solution Finacle.
Software major Infosys Technologies announced on Wednesday the launch of South Asia chapter of Fulcrum -- the Finacle User Forum.\n\n\n\n
The decision has been taken because Executive Chairman N R Narayana Murthy attempts to bring Infosys back to basics.
'We spent considerable time re-skilling all the employees, and then we created a new focus called the 'One Infosys'.'
In 2017, when Infosys announced that Salil Parekh would be its next chief executive officer (CEO) and managing director (MD), very few in the industry or the analyst community doubted his ability to bring the company back to a healthy growth trajectory, improve morale within the company and, more importantly, win the promoters' trust and investor confidence. There were reasons for this confidence. He was not only the deputy CEO of the Paris-headquartered IT services major Capgemini, but also one of the only non-European faces on the executive board of the company.
"In India technology expenditure is on the upswing and we think its the right time to enter India," Infosys COO S D Shibulal said, while talking about the growing focus on the Indian market. The company on Wednesday announced its partnership with Bharti Airtel in the media space.
Software major Infosys on Wednesday said it had identified Thailand as a key target market for its global banking solutions suite, Finacle.
Sources said the spin-off, a joint venture company, was yet to be named.
It would help the PSU transform its banking and insurance operations cross 150,000 post offices in the country.
The transformation will be driven by the number of initiatives the company has identified.
The company has decided to consolidate its delivery functions horizontally
Infosys on Friday posted a 3.5 per cent rise in quarterly net profit, lagging analyst estimates.
David, is set to join Hewlett Packard Enterprise as a senior VP for Enterprise Services Delivery.
After high-profile exits in the past couple of months, Infosys, the country's second largest information technology services company, has undertaken a top-level management restructuring.
In another significant senior-level realignment at Infosys, V Balakrishnan, one of the two internal candidates being considered for the chief executive's post, has been given additional charge of the new utilities and resources vertical.
The Reserve Bank of india is likely to tell state-run United Bank of India (UBI), which has seen erosion of capital due to bad loans and higher provisioning to implement prompt corrective action.
Company plans to raise the contribution of Indian private sector to its revenue from about 15% to about 50% in two-three years.
Sikka has influenced the company to break away from the old mould in more ways than one.
Software firm dismisses charge, says Finacle has proven ability.
As many as 13 RRBs have finished implementing Finacle CBS solution for their operations.
My interest is to work with young entrepreneurs to build businesses and see if I can add value to the boards of other global companies.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances