Bangalore, India – May 20, 2013
Infosys today announced that Robinsons Bank, a growing commercial bank in the Philippines, has selected Infosys Finacle as its transformation partner to support its branch network expansion and business growth. With the new technology transformation program, Robinsons Bank will consolidate and connect the multiple existing systems in use at the bank, and aim to reduce cost of operations across all its branches.
Haragopal M, Global Head, Infosys Finacle:
“Finacle will power a new core banking and treasury solution for Robinsons Bank that is geared to deliver a superior banking experience to its customers. Finacle is already collaborating with nine banks in the Philippines to accelerate their transformation and growth. And we hope to bring all that experience into Robinsons Bank to help them run their operations efficiently and build a progressive bank for tomorrow.”
Angelito V. Evangelista, Chief Operating Officer, Robinsons Bank:
“Robinsons Bank is on the path of expanding business to become one of the leading consumer banks in the Philippines over the next few years. We believe Infosys Finacle is among the best banking technology solutions suited to the needs of Robinsons Bank and can effectively support our growth plans and service quality promise. We look forward to a successful implementation and an enduring partnership with Infosys.”
Robinsons Bank as a wholly owned JG Summit Group company was established in November 1997 to further broaden JG Summit’s financial reach. It has for its cornerstone a business portfolio of market leaders, a solid financial position, a formidable management team, and a vision of leading the country to global competitiveness and making life better for every Filipino. Robinsons Bank is now positioned not only to be more responsive in meeting the banking requirements of its retail customers and business partners, but also to fully serve the general banking public via its wide array of products and services — Deposits, Loans, Trust & Treasury, Remittance and other deposit-related products, available in all its 65 branches nationwide.
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Certain statements in this release concerning our future growth prospects are forward-looking statements, 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 fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT 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 or expiration 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, 2012 and on Form 6-K for the quarter ended June 30, 2012, September 30, 2012 and December 31, 2012. 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.
For further information, please contact: PR_Global@infosys.com