Consolidation among domestic vendors of core banking products in North America has created a rare opportunity for international players such as Temenos, Infosys, and TCS to establish a toehold in a market forecast to be worth $3.3 billion by 2017, according to a report by Celent.
Infosys, a leader in consulting, technology, outsourcing and next generation services, announced today that it has successfully implemented its Finacle™ core banking solution for Discover Financial Services (NYSE: DFS), a leading U.S. direct bank and payment services company.
Financial institutions the world over are raising their innovation spend significantly in a desperate attempt to fend off the threat to the established hegemony from technology companies, telcos, and emerging startups, according to fresh data from Efma.
Bank of Makati, Inc. (BMI), which recently transitioned into a savings bank, has implemented the Infosys Finacle core banking solution to transform customer experience and drive growth, at reduced costs.
An independent report into events surrounding the near collapse of the UK's Co-operative Bank offers a cautionary tale for banks contemplating a core systems renewal programme.
Infosys today announced that its Finacle core banking solution running on an Oracle SuperCluster engineered system has set new global benchmarks for the number of transactions processed across key banking functions.
Equity Bank, one of the largest commercial banks in Africa, and Infosys, a global leader in consulting, technology and outsourcing, today announced the successful upgrade of the bank's core banking solution to Finacle 10.
Bank One, one of the leading banks in Mauritius, announced the successful implementation of the Infosys Finacle Treasury solution. With Finacle, the bank's treasury operations' back office processes are now automated, significantly improving its operational efficiency and reducing manual effort.
Tetrad Investment Bank, a leading merchant banking services provider in Zimbabwe, announced that they have chosen Infosys Finacle as their technology partner.
Infosys, a global leader in consulting, technology and outsourcing, today announced the launch of Finacle 11E, an advanced universal banking solution that simplifies banking transformation.
© Finextra Research 2014