Infosys and IBM set new global benchmark for core banking transaction processing, promising lower total cost of ownership for banks worldwide
Finacle core banking solution on IBM system p unix servers sets a new unparalleled scalability record
Bangalore, India, 11 December, 2006 Infosys and IBM today announced record-setting results of a performance benchmark for Infosys' Finacle Core Banking Solution running on IBM's System p Servers that far outperform all such published benchmarks by a wide margin. As a result, banks worldwide will be able to process rapidly growing volumes of transactions faster and more reliably at an even lower cost per transaction.
In the recent scalability benchmark, reviewed by Ernst & Young, Finacle on IBM System p servers surpassed its own previous record as the most scalable core banking solution in the world. Finacle on IBM System p benchmark performed on a base of over 52 million accounts, delivering a transaction throughput on delivery channelsa at 29,0101 effective transactions per second (ETPS) beating its own previous best of 11,1804 ETPS. The new delivery channels transaction processing benchmark translates to a business transaction throughput of 19,2881 business transactions per second (TPS).
For On-Line Transactions Processing (OLTP)b a throughput of 11,4762 ETPS was recorded (which translates to 7,7902 business TPS) and for term deposit interest booking batch processing, the system processed 39,4083 accounts per second.
"The results of this benchmark with IBM have reinforced Finacle’s value proposition as the most scalable and robust core banking solution in the world and a solution ideally suited for global Tier 1, Tier 2 banks and other large and fast growing banks across the world. Finacle coupled with IBM's System p servers will enable our clients to manage aggressive growth efficiently, reliably and at an even lower total cost of ownership" said Merwin Fernandes, Vice President and Business Head- Finacle, Infosys Technologies. ”This is another example of how Finacle innovates to set new industry benchmarks that enable our clients scale new heights in their business and stay ahead of the curve in a highly competitive global banking market”, he added.
Ian Hurst, General Manager, Banking and Financial Services, IBM adds, "We have invested extensively in the advancement of the IBM System p platform to allow our customers to reap real business benefits from our technology innovation. The result from this benchmark is further proof that customers from banking organizations have much to gain in areas of better cost efficiencies, scalability, and resource utilization when running Finacle on IBM System p servers. This is one more example of how we are addressing the needs of our customers who are looking to innovate for business value."
With banks across the world rapidly growing and scaling their business fuelled by accelerating M&A, product innovation, one-stop banking and explosive retail banking growth in emerging markets, the key objective of the benchmark was to demonstrate and measure the ability of the core banking solution to seamlessly scale up to handle the ever growing transaction volumes (both online and batch) efficiently and cost effectively.
Banks running Finacle and IBM System p servers can now add new products and services and be able to handle the increased transaction and account processing requirements on a highly scalable, robust, low TCO platform.
For more information about IBM, visitwww.ibm.com.
About Finacle Universal Banking Solution
Finacle, the universal banking solution from Infosys, empowers banks to transform their business leveraging technology. The solution addresses the core banking, e-banking, treasury, and wealth management and CRM requirements of retail, corporate and universal banks worldwide. Finacle has been architected out of years of experience with global banks and offers several powerful and differentiating features making it one of the most comprehensive, flexible and scalable solutions in its class. www.infosys.com/finacle
About Infosys Technologies
Infosys Technologies Ltd. (NASDAQ: INFY) defines, designs and delivers IT enabled business solutions. These provide our customers strategic differentiation and operational superiority, thereby increasing business competitiveness. Each solution is delivered with a high degree of time and cost predictability that ensures peace of mind. With Infosys, you get a transparent business partner, business-IT alignment with flexibility, world-class processes, speed of execution and the power to stretch your IT budget by leveraging the Global Delivery Model that the company pioneered. For more information, visitwww.infosys.com
Certain statements in this release concerning our future growth prospects are forward-looking statements, within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the success of our investments, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT, business process outsourcing and consulting services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry.
Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2006. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company.
- Delivery channel transaction mix included ATM Balance Enquiry and ATM Cash Withdrawal
- OLTP transaction mix included Cash Deposit, Cash Withdrawal, Demand Draft Issue, Savings Bank Account Opening, Outward Clearing, Inward Clearing, Transfer Transaction, ATM Cash Withdrawal, Clearing Enquiry, Savings Bank Ledger Enquiry, Loan Account Enquiry and ATM Balance Enquiry
- Ernst & Young Finacle Performance Benchmark Report Delivery Channel Transactions - , 18 August 2006
- Ernst & Young Finacle Performance Benchmark Report Online Transactions - , 18 August 2006
- Ernst & Young Finacle Performance Benchmark Report Batch Process - , 18 August 2006
- Infosys Finacle Performance Benchmark Report