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Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys (NYSE: INFY), today announced that it has been named a leader by Forrester Research, Inc. in ‘The Forrester Wave™: Mobile Banking Solutions, Q4 2015’ report. The Finacle Mobile Banking solution was recognized as a leader amongst five top mobile banking platforms. These were evaluated against a comprehensive set of 35 criteria, focusing on strategy, current offerings and market presence.
- In the survey, a growing number of decision-makers named mobile banking as one of the initial focal areas of transformation for their application landscapes
- Infosys Finacle received the highest score among all vendors for Business Capabilities and Mobile Touchpoints
- Infosys Finacle also shared the highest scores in Customer Experience, Integration and Security with one other vendor
- With a score of 3.1, Infosys Finacle is also the top scorer for ‘Service, Support and Delivery’ criterion
- Infosys is among the only two vendors in the Leaders position
Michael Reh, Executive Vice President and CEO (designate), EdgeVerve
“Banks need a comprehensive mobile banking solution that provides great customer experience, along with advanced security features. With Finacle Mobile Banking, we help banks deliver engaging mobile banking experiences for retail, corporate and SME customers. We believe that this recognition by Forrester is a testimony of our commitment to delivering best-in-class solutions for banks globally”
Referring to the Leaders (which includes Infosys Finacle), Jost Hoppermann, Vice President and Principal Analyst, Forrester writes in the report, “Both vendors have solutions that come with off-the-shelf support for mobile retail/consumers, corporate/commercial, and private banking/wealth management. Both solutions offer rich support of mobile touchpoints. Support for integration and security requirements is broad. Product strategies and particularly planned enhancements are well-articulated.”
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.
Finacle solutions address the core banking, e-banking, mobile banking, CRM, payments, treasury, origination, liquidity management, Islamic banking, wealth management, and analytics needs of financial institutions worldwide. Assessment of the top 1000 world banks reveals that banks powered by Finacle enjoy 50 percent higher returns on assets, 30 percent higher returns on capital, and 8.1 percent points lesser costs to income than others.
To know more, visit www.finacle.com
About EdgeVerve Systems Ltd
EdgeVerve Systems, a wholly owned subsidiary of Infosys, develops innovative software products and offers them on-premise or as cloud-hosted business platforms. Our products help businesses develop deeper connections with stakeholders, power continuous innovation and accelerate growth in the digital world. We power our clients’ growth in rapidly evolving areas like banking, digital marketing, interactive commerce, distributive trade, credit servicing, customer service and enterprise buying.
Today EdgeVerve products are used by global corporations across financial services, insurance, retail and CPG, life sciences, manufacturing, and telecom. Finacle, our universal banking solution, is the choice of financial institutions across 84 countries and serves over 547 million customers – nearly 16.5 percent of the world’s adult banked population.