Infosys Technologies is Presented with Two Awards by The Banker Technology Awards for its Exceptional Work in Wholesale and Capital Markets
Awards recognise the outstanding achievements of Program Autumn and Money Movement
London, UK - June 10, 2008 : Infosys Technologies has been presented with two prestigious awards by The Banker Technology Awards for its outstanding work in the field of wholesale and capital markets. Infosys' Program Autumn project, with one of Europe's leading banks, was awarded the 2008 Offshoring and Outsourcing Project of the Year award. Also, Infosys' impressive Money Movement (MM) project, with a global financial services company, won the 2008 Payments & Treasury Services Project of the Year award.
The Banker Technology Awards, which celebrates excellence and innovation in all areas of banking, presented Infosys with the two accolades at this year's award ceremony, held on June 6, 2008. Infosys was praised for its excellent project management in Program Autumn, which was successfully completed ahead of schedule despite numerous complexities and challenges faced by the team. Additionally, Program Autumn met the goals and objectives outlined by the bank and brought with it some clear benefits, including increased predictability and consistency of service delivery, reduction in cost through offshoring and systematic service improvements.
Further, Infosys' multi-phased MM project was praised for its advanced project management techniques, which reduced operation costs, improved efficiency of business processes and enhanced legal and regulatory compliance with the flexibility to comply with new regulations on time.
"I am delighted that Infosys' dedication to bringing innovative global sourcing solutions and deep domain expertise has been recognized by The Banker," said Ashok Vemuri, Senior VP and Global Head - Banking and Capital Markets group at Infosys. "This award is a testament to our domain expertise, project execution and innovation in the banking and capital markets space at a global level."