Bangalore, February 9, 2015
Infosys (NYSY: INFY), a leader in consulting, technology, outsourcing and next-generation services, today announced that Infosys Finacle™ has been positioned as a leader in the IDC MarketScape of Worldwide Core Banking Solution providers1. The report, which focuses on Global Core Banking Providers in the context of the North American market, compares 19 core banking solutions in the global marketplace.
The report lauds Finacle for exhibiting a high level of strategic vision and for its ability to deliver functionality and support to clients. IDC mentions in the report that “Infosys continues to impress with scale, with its highest benchmarks in production reaching around 71 million customers with 88 million accounts, and an average transaction throughout of 6.6 million (and peaks of up to 10 million) per day.”
Michael Reh, Senior Vice President and Global Head of Infosys Finacle:
“We believe being evaluated as a Leader among the global core banking providers clearly underlines our ability to deliver best-in-class banking solutions that are fully tailored to the US market requirements. This recognition, along with our successful implementation at Discover Financial Services, clearly establishes that Finacle is best equipped to help modernize US banks that are struggling with legacy IT infrastructure, while also helping them achieve profitable growth.”
Karen Massey, Senior Analyst, IDC Financial Insights:
"Using the IDC MarketScape, our global team of analysts rigorously evaluated 19 global core banking solutions in terms of current and planned capabilities, corporate and product strategies, and customer references. Infosys Finacle scored quite well across all metrics and we congratulate them on earning the position of 'Leader' among the global core banking providers."
Jerry Silva, Research Director, IDC Financial Insights:
"Two significant trends underscore the importance of this core banking MarketScape − the rising pace of core banking technology transformation, and the globalization of solutions in this market. Infosys Finacle is well positioned to support banks around the world with a leading solution for such transformation projects.”
1 IDC MarketScape: Worldwide Core Banking Solutions 2014 Vendor Assessment — Global Providers for North American Banks, doc # FI253356, December 2014
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
Infosys is a global leader in consulting, technology, outsourcing and next-generation services. 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 B in annual revenues and 165,000+ employees, is helping enterprises renew themselves while also creating new avenues to generate value.
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