24 February 2018
Visit www.capgemini.com/worldreports

Infosys spends $60m on Finacle upgrade

20 February 2008  |  6928 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  |  10117 views  |  0 comments
Infosys signs Kazakhstan's Alliance Bank to Finacle

Infosys signs Kazakhstan's Alliance Bank to Finacle

10 December 2007  |  5351 views  |  0 comments
Infosys buys Citicorp's stake in Progeon

Infosys buys Citicorp's stake in Progeon

20 April 2006  |  5716 views  |  0 comments
Infosys inks $20m Banco Continental de Panama contract

Infosys inks $20m Banco Continental de Panama contract

16 March 2006  |  7049 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  |  6800 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.vasco.comvisit www.swift.com/your-needs/instant-paymentsvisit www.nextgenbanking.co.uk

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
11617 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10276 views 3 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
8399 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
7950 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
7666 views comments | 10 tweets | 14 linkedin