Bangalore, India – December 1, 2014
Infosys, a leader in consulting, technology, outsourcing and next generation services, today announced that CEB TowerGroup analysts have rated Infosys Finacle e-Banking a 'Best-in-Class' solution for Customer Experience, Design & Security and Enterprise Support. In the report titled “Online Banking Technology Analysis1”, CEB TowerGroup analysts quantitatively ranked Online Banking solutions from global vendors across 21 attributes.
Online banking is a key area in which retail banks are making investments. In a survey2 conducted by CEB TowerGroup analysts, 67 percent of retail banking executives surveyed said that their banks are making strategic investments in the online channel. With its comprehensive multi-channel capabilities, Infosys Finacle e-banking helps banks keep up with changing customer preferences and demands. The solution is currently deployed in over 52 countries.
Referring to Infosys, CEB TowerGroup research director Jason Malo, commented:
"Finacle eBanking is a mature product which scored well across all of our evaluation categories. Their digital bank offerings provide a high level of customization for consumers as well as bank administrators and the ability to integrate with multiple third-parties makes them an attractive market solution."
Michael Reh, Senior Vice President and Global Head of Infosys Finacle:
"Digital channels are a top priority and strategic investment area for banks today. With our industry-leading e-Banking solution, we are well positioned to partner with banks to harness the unique capabilities of digital channels and deliver a truly multichannel experience. This recognition further underpins our commitment to help banks keep pace with evolving customer expectations and delight them with superior services."
(1)Online Banking Technology Analysis by CEB TowerGroup
(2)CEB TowerGroup Technology Adoption and Investment Survey 2013-14
Infosys is a global leader in consulting, technology and outsourcing solutions. We enable clients, in more than 50 countries, to stay a step ahead of emerging business trends and outperform the competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence.
Visit www.infosys.com to see how Infosys (NYSE: INFY), with US$8.25 billion in annual revenues and 165,000+ employees, is Building Tomorrow's Enterprise® today.
Certain statements in this release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, 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, 2014 and on Form 6-K for the quarter ended September 30, 2014. 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. In addition, please note that the date of this press release is mentioned at the beginning of the release, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. 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 unless it is required by law.
For further information, please contact: PR_Global@infosys.com