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Forrester study ranks Infosys'' Finacle at the top news
30 November 2006
Mumbai: Technology and market research company, Forrester Research, in its recently released Forrester Wave report - Retail Banking Platforms Q4 2006 (November 2006), has ranked Finacle, from Infosys, at the top of all competing platforms. It said that. Finacle stood out for its convincing strategy and a very sound current offering.

In a first of its kind study, which compared the retail banking platform market, Forrester evaluated five global retail banking platform vendors. According to Forrester, these vendors were short-listed through a rigorous multi-criteria selection process that included an in-depth appraisal of their coverage of the Forrester banking functions map, forward-looking architectural approach, success in 2005, global delivery capability and platform commitment.

Ranking Finacle at the top, Forrester said that Finacle was a good shortlist choice for banks that needed a banking platform with comprehensive functionality, a strong multi-channel solution as part of the platform and agility, in that it was able to cope with changing business needs.

According to Forrester, the Infosys product ranked at the top in overall strategy with a score of 3.95 (on a scale of 0 to 5) and also earned the top score in the areas of multi-channel enablement, architecture & development and systems integrators. Infosys is one of the two banking platform vendors that score highest for platform agility.

The Forrester study evaluated the vendors across 83 parameters grouped into three key result areas - Strategy, Market Presence and Current Offering. Finacle scored high marks for its current offering, for its banking platform strategy, and for the depth and breadth of its banking functionality. Forrester said that Finacle's underlying architecture provided a very high degree of agility with regard to design, deployment, multi-channel support and business process management. According to Forrester, the product supported integration, business process support, and flexibility in general through a number of standards-oriented tools developed in-house

Finacle is a universal banking solution from Infosys, that enables banks to transform their business leveraging technology. As a solution it addresses the core banking, e-banking, treasury and wealth management, CRM, and cash management requirements of retail, corporate and universal banks worldwide.


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Forrester study ranks Infosys'' Finacle at the top