Infosys Finacle, the universal core banking solution, has been ranked as the global market leader in core banking systems, based on the highest number of deals won for the 12-month period ending June 30, 2013.
The Big Leagues 2013: Core Platform Sales Ranking report took into consideration the sales performance of 15 global vendors based on a weighted score linked to bank size, geography and number of modules installed. Infosys Finacle scored the highest in terms of both number and aggregate value of deals won.
- Infosys Finacle received the XCelent Customer Base Award for its sales performance in Asia-Pacific and Western Europe
- Asia-Pacific has been the strongest geography for Finacle and is responsible for more than 60 percent of gross deals
- Western Europe proved to be another significant growth market for Finacle, accounting for almost 40 percent of the total deal value in the region
- Infosys Finacle is the only vendor in the report with consistent large multinational wins covering both Indian and international markets
Haragopal M., Senior Vice President and Global Head – Finacle, Infosys:
“Our leadership ranking in Celent’s ‘The Big League 2013’ report cements our global position as the number one core banking solution provider. We continue to help leading banks across the world create sustainable business growth with Finacle 11E, our latest universal banking solution. As banks strengthen their focus on accelerating innovation and fine tuning their business models, our new solution brings advanced functionalities, increased componentization and enterprise-class capabilities to help banks achieve their goals.”
Stephen Greer, Analyst – Retail and Business Banking, Celent:
“Infosys Finacle has consistently shown its ability to implement in a wide range of environments and with a large array of financial institutions, from small community banks to large multinational megabanks, winning awards for sales in Celent’s Big Leagues Sales Ranking. The recently released Finacle 11E takes an already competent and competitive market product and elevates it to another level with an impressive amount of configurability and flexibility attained through componentization. It will be interesting to see what the next year holds for Infosys Finacle, and Celent is bullish about its potential.”
Infosys is a global leader in consulting, technology and outsourcing solutions. We enable clients, in more than 30 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.
www.infosys.com to see how Infosys (NYSE: INFY), with $7.4B in annual revenues and 158,000+ employees, is Building Tomorrow's Enterprise® today.
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, 2013 and on Form 6-K for the quarter ended December 31, 2013.These filings are available at
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