Finacle Banking Software
Beatris Ninh
Finacle is an industry leader in digital banking solutions. We partner with emerging and established financial institutions to inspire better banking. Our cloud-native solution suite and SaaS services help banks to engage, innovate, operate, and transform better.
What We OfferFinacle solutions address the core banking, lending, digital engagement, payments, cash management, wealth management, treasury, analytics, AI and blockchain requirements of financial institutions
Finacle solutions support various modern and traditional customer engagement channels, enterprise capabilities, line of business components, and business segments, such as Retail, Wealth, Islamic, Business, and Corporate banking.
The Finacle Mobile Banking solution helps banks craft compelling digital banking experiences for the mobile-first generation. The solution combines outstanding functionalities with a well-designed use...
In these assessments, Forrester evaluated seven corporate and ten retail digital banking processing platforms respectively, on a comprehensive set of 33 criteria focusing on current offering, strategy, and market presence. The reports identified three key expectations that a digital banking processing platform (DBPP) is expected to satisfy in each case, and based on the evaluation, Infosys Finacle was positioned as a Leader in the DBPP space. The three key expectations are:
Finacle is an industry leader in digital banking solutions. We are a unit of EdgeVerve Systems, a wholly-owned product subsidiary of Infosys (NSE, BSE, NYSE: INFY). We partner with emerging and established financial institutions to help inspire better banking. Our cloud-native solution suite and SaaS services help banks engage, innovate, operate, and transform better to scale digital transformation with confidence. Finacle solutions address the core banking, lending, digital engagement, payments, cash management, wealth management, treasury, analytics, AI, and blockchain requirements of financial institutions. Today, banks in over 100 countries rely on Finacle to help more than a billion people and millions of businesses to save, pay, borrow, and invest better. For more information, visit www.finacle.com.
As digitization rewrites the future of banking, traditional core systems are falling short. Transactions are increasingly moving to the digital realm, and banks find themselves looking at the mammoth task of processing thousands of transactions per second, particularly during seasonal spikes.
Finacle is a leading digital banking solution suite from EdgeVerve Systems, a wholly owned product subsidiary of Infosys, which is itself an AWS Premier Tier Services Partner with the Financial Services Competency. Today, banks in over 100 countries rely on Finacle to service more than a billion consumers and 1.3 billion accounts.
Containerized Finacle can be deployed to scale dynamically based on business growth. Traditionally, for core banking implementations, infrastructure was procured for future growth (3-5 years) and always sized for the peak usage to meet multiple SLAs.
Being large, mission-critical systems, core banking consists of several independent components or modules running together and integrating with a large number of other internal systems, as well as external systems like payments gateways, ATM switches, ACH/NACH systems, card networks, and merchant networks.
In the case of any catastrophic failures or natural disasters, the core banking system is expected to be resilient and available within a space of a few minutes. A robust disaster recovery (DR) architecture can be implemented combining Finacle cloud-native capabilities along with AWS capabilities.
There is tremendous innovation and evolution happening in the database-as-a-service space. Since databases are at the core of any transaction and financial processing platforms, this is a key source of innovative advantage for banking platforms.
Large banking platforms, with their high transaction rates and multiple external integrations generate massive logs and traces. Being able to ingest, analyze, and correlate these logs in near real-time and provide troubleshooting, dashboarding, and analytical insights is an advantage for both the technical and business operations of the platform.
EdgeVerve, a wholly owned subsidiary of Infosys, will leverage its offering, the Infosys Finacle Digital Banking solution suite, which provides banks with a comprehensive cloud-native and modular platform across the digital core, engagement, and experience layers of banking. The alliance will further strengthen the collaboration in this space.
Bengaluru, November 02, 2021: Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NSE, BSE, NYSE: INFY) and IBM (NYSE:IBM) today announced that the Finacle Digital Banking Solution Suite will be available on Red Hat OpenShift and IBM Cloud for Financial Services. This collaboration will help banks scale business transformation, become more agile, and power their growth with an on-demand portfolio of products and services. It will also help banks achieve seamless ecosystem connectivity and provide a world-class banking experience for their customers, and enable them to meet required compliance and security requirements.
Finacle solutions address the core banking, omnichannel banking, payments, treasury, origination, liquidity management, Islamic banking, wealth management, analytics, artificial intelligence, and blockchain requirements of financial institutions to drive business excellence. An assessment of the top 1250 banks in the world reveals that institutions powered by the Finacle Core Banking solution, on average, enjoy 7.2% points lower costs-to-income ratio than others.
The global banking industry continues its advance through a period of dramatic change. Navigating high levels of regulation and economic uncertainty, banks need to adapt to respond to changing market conditions and increasingly demanding and digitally savvy customers.
BENGALURU, India and LAGOS, Nigeria, Sept. 21, 2023 /PRNewswire/ -- Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), and Nigeria's Guaranty Trust Bank (GTBank), the banking subsidiary of Guaranty Trust Holding Company Plc, today announced that Guaranty Trust Bank has selected the Finacle Digital Banking Suite for its multi-country digital transformation program. GTBank's decision was driven by Finacle's proven track record and the solution suite's comprehensive capabilities across retail, wealth, and corporate banking.
Segun Agbaje, Group Chief Executive Officer, Guaranty Trust Holding Company Plc, said, "We are delighted to be working with Infosys Finacle to create a superior, agile, and scalable core banking system that supports our vision of delivering seamless and connected experiences across every customer touchpoint. As an organisation, we have always held that the future of banking is digital, largely driven by technology and customers' preference for secure, convenient, and reliable channels. This is the thinking behind our innovation drive and history of firsts, offering best-in-class financial services across Africa. Infosys Finacle's digital solutions will significantly transform our operations and facilitate our push towards more innovative, responsive banking."
Venkatramana Gosavi, Senior Vice President and Global Head of Sales, Infosys Finacle, said, "Our collaboration with Guaranty Trust Bank is testament to our deep commitment to helping financial institutions propel and scale their digital transformation journeys and help them navigate their future with cutting-edge technology. We are confident that our advanced solution suites will enable Guaranty Trust Bank to inspire better banking experiences for millions of customers and businesses the bank supports while strengthening its position as one of the best banks in the region."
Headquartered in Lagos, Nigeria, Guaranty Trust Bank Ltd has evolved to become the flagship subsidiary of Guaranty Trust Holding Company Plc ("GTCO" or the "Group"), a leading financial services company with banking and non-banking operations across eleven countries spanning West Africa, East Africa, and the United Kingdom.
We will have a project running to conduct both functional testing automation and performance testing for the "Finacle - Infosys" core banking system during the coming 12 months, after-which I can post any updates on this question of mine.
Finacle from Infosys helps banks win in the flat world by providing a holistic and integrated transformation approach, complete with solutions and services. This proven and effective... framework for multi-disciplinary change, enables banks to shift their strategic and operational priorities. Finacle solutions address the core banking, e-banking, Islamic banking, treasury, wealth management and CRM requirements of retail, corporate and universal banks worldwide. Several powerful and differentiating features make Finacle one of the most comprehensive, flexible and scalable universal banking solution in its class. These solutions when associated with Finacle services, empower banks to maximize their opportunities for growth, while minimizing the risks that come with large-scale business transformation. Finacle is the chosen solution in over 116 banks across 62 countries. Finacle is implemented across countries like the US, UK, UAE, Mainland China, Taiwan, Hong Kong, Saudi Arabia, Maldives, Mauritius, Nepal, Nigeria, Indonesia, Singapore, Uganda, Sri Lanka, Tanzania, Zimbabwe, Thailand, Philippines, Jamaica, Cayman Islands and India.
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