Finacle
Encyclopedia
Finacle universal banking products are designed to address the core banking, e-banking, Islamic banking
, treasury
, wealth management
and CRM requirements of retail, corporate and universal banks. It is developed by Infosys
, and is one of the major players in the arena of core banking in Indian and Asian banking domains.T.V. Mohandas Pai
was closely associated with it.
for the maintenance of the application include.
Islamic banking
Islamic banking is banking or banking activity that is consistent with the principles of Islamic law and its practical application through the development of Islamic economics. Sharia prohibits the fixed or floating payment or acceptance of specific interest or fees for loans of money...
, treasury
Treasury
A treasury is either*A government department related to finance and taxation.*A place where currency or precious items is/are kept....
, wealth management
Wealth management
Wealth management is an investment advisory discipline that incorporates financial planning, investment portfolio management and a number of aggregated financial services...
and CRM requirements of retail, corporate and universal banks. It is developed by Infosys
Infosys
Infosys Limited, formerly Infosys Technologies Limited is a global technology services company headquartered in Bangalore, India. It is the second largest IT exporter in India with 133,560 employees as of March 2011. It has offices in 33 countries and development centers in India, China,...
, and is one of the major players in the arena of core banking in Indian and Asian banking domains.T.V. Mohandas Pai
T.V. Mohandas Pai
CA. T.V. Mohandas Pai is an Indian chartered accountant. He was a Member of the Board of Directors of Infosys, and Head – Administration, Education and Research, Finacle, Human Resources, and Infosys Leadership Institute....
was closely associated with it.
Services
Providing support & services is typical in such huge software implementations. Services provided by InfosysInfosys
Infosys Limited, formerly Infosys Technologies Limited is a global technology services company headquartered in Bangalore, India. It is the second largest IT exporter in India with 133,560 employees as of March 2011. It has offices in 33 countries and development centers in India, China,...
for the maintenance of the application include.
- Application development and maintenance
- Application management
- Independent validation
- Migration services
- Performance tuning
- Software performance engineering
- System integration
- Value mining
Awards
- Judges’ Special Achievement Award : Banking Technology Awards 2008
- ‘Highly Commended’ in the ‘Best Core Banking Product’ category for the Banking Technology Readers’ Choice Award : Banking Technology Awards 2008
- CII - EXIM Bank Award For Business Excellence 2008
- Asian Banker award for best core banking implementation - 2008
- Asian Bankers 2007 IT Implementation awards
- Commended in the Back-office Retail Banking Project category by the Banker Technology Awards 2007
- Asian Bankers Awards 2006 for large and mid size core banking implementations
- Winner in CRm Category - The Banker Technology Awards 2005
Recognitions
- Positioned in the Leaders Quadrant in the Gartner Magic Quadrant for International Retail Core Banking Solution - 2010
- Positioned in the Leaders Quadrant in the Gartner Magic Quadrant for International Retail Core Banking Solution - 2009
- Leader in the January 2009 report, “The Forrester Wave: Global Banking Platforms, Q1 2009”
- Positioned in the Leaders Quadrant in the Gartner Magic Quadrant for International Retail Core Banking Solution - 2008
- Positioned in the Leaders Quadrant in the Gartner Magic Quadrant for International Retail Core Banking Solution - 2006
- Finacle from Infosys emerges as a leader in retail banking platform study