19 April 2015

Infosys spends $60m on Finacle upgrade

20 February 2008  |  5846 views  |  0 cash

India's Infosys Technologies says it has invested over US$60 million in the last three years on upgrading its flagship core banking platform Finacle.

The vendor says version 10 of its Finacle platform includes new Islamic banking and wealth management options as well as an enhanced mobile banking system.

The new version will enable banks to transform their multi-country operations through a standard platform and processes, says Infosys. The system also includes advanced security and compliance frameworks.

Infosys says seven tier one and tier two banks have already chosen the latest version of the platform to run their domestic and international operations.

TV Mohan Das Pai, member of the board, Infosys, says Finacle is core to the group's growth strategy.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

14 January, 2008
10 December, 2007
20 April, 2006
16 March, 2006
07 December, 2005

Related company news

 
Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
UK banks covering up cybercrime losses - C...
6710 views 13 comments | 26 tweets | 13 linkedin
BBVA buys UX firm Spring Studio
6482 views comments | 32 tweets | 17 linkedin
Card is king as cash usage continues to fa...
6129 views comments | 22 tweets | 14 linkedin
Digital and core renewal to drive bank IT...
4812 views comments | 32 tweets | 25 linkedin
World Bank reports big drop in numbers of...
4672 views 10 comments | 36 tweets | 14 linkedin

Featured job

Competitive
New York City, NY, USA

Find your next job