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BAI and Infosys Finacle Announce the Winners of 2015 Global Banking Innovation Awards


Palo Alto and Chicago, October 13, 2015 – BAI and Infosys Finacle today announced the winners of the 2015 BAI-Infosys Finacle Global Banking Innovation Awards. The Innovation Circle Judging Panel, a distinguished group of thought leaders from the global financial services industry, evaluated nominees from 34 countries, and selected winners based on originality and impact. The winners were recognized at a ceremony on October 13 at the BAI Retail Delivery 2015 Conference & Expo.

“These awards reflect BAI’S commitment to encourage and celebrate innovation. We are proud to honor this exclusive group of innovators for their achievements that are shaping the future of the financial services industry,” said Debbie Bianucci, President and Chief Executive Officer, BAI. “These visionaries inspired and created valuable contributions to advancing retail banking with passion, creativity and commitment. We are excited to see their continued contributions for years to come.”

Michael Reh, Executive Vice President and CEO (designate), EdgeVerve, said, “Continuous innovation is no longer a priority but a necessity, as banking undergoes a sea change. This award program is an outstanding platform for banking leaders globally to learn and gain inspiration from global innovators, and underscores our mission to help financial institutions leverage modern technology to address emergent challenges and accelerate their innovation agenda.”

The winners for the 2015 BAI-Infosys Finacle Global Banking Innovation Awards are:

Product and Service Innovation Award
Fidor Bank AG for Fidor Smart Current Account

Channel Innovation Award
The Bank of East Asia, Limited for Digital Branch: A New Way to Bank
Hong Kong

Innovation in Internal Process Improvement Award
DenizBank for Powerful Teller Dashboard: Enhancing Customer Experience at Every Contact Point

Innovation in Societal and Community Impact Award
Nusenda Credit Union for Co-op Capital: Widening Access Points to Financial Products
United States

Innovation in Payments Award
Idea Bank SA for The Mobile ATM Service for Small Medium Enterprises

Most Innovative Non-Bank Financial Organization Award
Lending Club for Transforming the Banking System by Making Credit More Affordable and Investing More Rewarding
United States

Disruptive Innovation in Banking Award
Fidor Bank AG for Fidor Smart Current Account

Most Innovative Community-Based Banking Organization Award
Nusenda Credit Union
United States

Most Innovative Bank of the Year Award
The Bank of East Asia, Limited
Hong Kong

For more information on the 5th Annual BAI-Infosys Finacle Global Banking Innovation Awards visit BAIGlobalInnovations.com.

About BAI and BAI Retail Delivery

BAI delivers the financial services industry’s most actionable insights, enabling leaders to make smart business decisions, every day. We’re passionate about the trusted information and powerful tools that provide leaders with the clarity and confidence needed to prepare for tomorrow, while performing better today.

At BAI Retail Delivery, more than 3,000 financial services professionals come together from around the world, including leaders from retail banking, financial technology and business solutions organizations. BAI Retail Delivery provides unique perspectives, best practices and meaningful connections that help drive positive change and move the industry forward.

BAI is Bank Administration Institute and BAI Center.

About Infosys Finacle

Finacle is the industry-leading universal banking solution from EdgeVerve Systems, a wholly owned subsidiary of Infosys. The solution helps financial institutions develop deeper connections with stakeholders, power continuous innovation and accelerate growth in the digital world. Today, Finacle is the choice of banks across 84 countries and serves over 547 million customers – nearly 16.5 percent of the world’s adult banked population. To know more, visit www.finacle.com.

Safe Harbor

Certain statements in this press 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, 2015. 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. 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:

Asia Pacific
Sarah Gideon
Infosys, India
+91 80 4156 3998

Paul de Lara
Infosys, UK
+44 2075162748

Cristin Balog
Infosys, USA
+1 (650) 320 4126

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