11 February 2016

Infosys spends $60m on Finacle upgrade

20 February 2008  |  6089 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 sets out open banking API framework
12341 views comments | 87 tweets | 81 linkedin
Visa opens up to developers
9148 views comments | 24 tweets | 41 linkedin
European mobile banking service Pocopay go...
7689 views comments | 24 tweets | 14 linkedin
How to accelerate your fintech startup
6687 views comments | 30 tweets | 9 linkedin
Wearable payments startup Fit Pay secures...
6353 views comments | 26 tweets | 9 linkedin

Featured job

Find your next job