Infosys Technologies Ltd. today announced that ABN AMRO Bank, one of the leading global banks, has chosen to deploy Finacle in the Greater China region across Mainland China, Taiwan & Hong Kong.
ABN AMRO Bank will deploy Finacle in areas of core banking, consumer internet banking, customer relationship management and loan origination across all 3 locations.
With this win, the 4th within the ABN family globally, Infosys has further consolidated its position within ABN AMRO Bank as the preferred enterprise banking platform for the New Growth Markets of the bank. Further, this win also marks the debut of Finacle in the high potential and fast growing China market, which is a key focus market for Infosys and its globally respected banking solution Finacle.
Announcing this, Mr. Rajiv Agarwal, CFO, ABN AMRO Bank said, "This is a strategic initiative for ABN AMRO Bank in the Greater China market. This is a key focus market for the bank and deploying the right technology platform is critical to our strategy to create a competitive differentiation. I am confident that Finacle provides us a powerful platform to differentiate ourselves and gain business agility. Integrated CRM and e-banking-enabled core banking that Finacle provides is industry leading and will greatly help us create a unified and unique customer experience to offer unparalleled value to our clients in the region."
He further added," We are also confident that Infosys, with its rich global experience, will deliver value to the bank beyond their world-class products. Our experience with Infosys so far across 3 locations in ABN AMRO Bank reaffirms our confidence in Infosys as a long term strategic partner."
Expressing happiness on the success, Mr. Merwin Fernandes, Vice President & Global Head - Sales & Marketing, Banking Business Unit, Infosys Technologies said," We are delighted to partner with ABN AMRO Bank Greater China in this key initiative. This is a strategic win for Finacle from several angles. While on one hand it will enable us to further strengthen and deepen our relationship with ABN AMRO Bank, on the other this win provides us the vital entry into China, a strategic focus market for Finacle. We have been investing in making Finacle China-Ready and I am confident that this win will greatly help us accelerate our China plans."
He went on to add "The growing number of banks powered by Finacle, that now extend across 89 banks in 25 countries, within 3 years of its launch, is a clear testimony to the emergence of Finacle as an enterprise banking e-platform of choice globally. Apart from its new generation architecture, rich functionality and its unique CRM and e-banking enabled core platform, what has enabled such rapid success is its hitherto unblemished implementation track record that is unparalleled in the industry."
About ABN AMRO Bank
ABN AMRO Bank is a prominent international bank, its origins going back to 1824. ABN AMRO Bank ranks 11th in Europe and 23rd in the world based on tier 1 capital, with over 3,000 branches in more than 60 countries, a staff of over 100,000 full-time equivalents and total assets of EUR 601 billion (as per 30 September 2003). The Bank is active in three principal customer segments: Consumer & Commercial Clients, Wholesale Clients and Private Clients & Asset Management.
About Infosys Technologies Ltd.
Infosys, a world leader in consulting and information technology services, partners with Global 2000 companies to provide business consulting, systems integration, application development and product engineering services. Through these services, Infosys enables its clients to fully exploit technology for business transformation. Clients leverage Infosys' Global Delivery Model to achieve higher quality, rapid time-to-market and cost-effective solutions. Infosys has over 19,000 employees in over 30 offices worldwide. For more information, visit
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