27 August 2016
Find out more

Infosys spends $60m on Finacle upgrade

20 February 2008  |  6249 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)

Finextra news in your inbox

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

Related stories

Bank Islam selects T24 for Shariah-compliant banking

Bank Islam selects T24 for Shariah-compliant banking

14 January 2008  |  9550 views  |  0 comments
Infosys signs Kazakhstan's Alliance Bank to Finacle

Infosys signs Kazakhstan's Alliance Bank to Finacle

10 December 2007  |  4962 views  |  0 comments
Infosys buys Citicorp's stake in Progeon

Infosys buys Citicorp's stake in Progeon

20 April 2006  |  5388 views  |  0 comments
Infosys inks $20m Banco Continental de Panama contract

Infosys inks $20m Banco Continental de Panama contract

16 March 2006  |  5717 views  |  0 comments
Infosys wins two-way tussle with Misys for Centurion Bank deal

Infosys wins two-way tussle with Misys for Centurion Bank deal

07 December 2005  |  6381 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out moreVisit capgemini.comVisit www.abe-eba.eu

Top topics

Most viewed Most shared
hands typing furiouslyBig Data's Three Big Trends in 2016
7666 views 5 | 22 tweets | 13 linkedin
hands typing furiouslyHow Banks Are Losing Millions by Ignoring...
7469 views 11 | 24 tweets | 9 linkedin
Nordea looking for AI and blockchain breakthroughsNordea looking for AI and blockchain break...
6546 views comments | 17 tweets | 20 linkedin
R3 blockchain consortium sheds light on Concord projectR3 blockchain consortium sheds light on Co...
5943 views comments | 14 tweets | 14 linkedin
India's Unified Payments Interface goes live with 21 banksIndia's Unified Payments Interface goes li...
5552 views comments | 15 tweets | 18 linkedin

Featured job

Find your next job