Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.

Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Infosys: Strengthening Finacle - Views on News from Equitymaster
  • E-MAIL
  • A  A  A
  • Sep 27, 2002

    Infosys: Strengthening Finacle

    Infosys has been putting in a lot of efforts to strengthen its flagship product, Finacle, for the banking industry. The software major in the recent past has made two acquisitions to broaden the features of the product. The first acquisition was to add CRM (customer relationship management) capabilities and the second was to extend the product to cater to the wholesale and investment-banking segments Read more.

    To strengthen the product on the technology front, the company has now tied up with Sun Microsystems, one of the most successful technology companies when it comes to Internet computing infrastructure. Finacle will now be implemented on platforms (hardware and operating systems) provided by Sun. The advantage that Infosys gets due to the alliance is that Sunís systems are known to be the best when it comes to handling transaction intensive processes and the banking industry by its very nature is transaction intensive. Infosys, therefore, will be able to assure its clients of scalability (ability to handle large number of transactions) and robust solutions.

    The banking industry has been greatly impacted by the IT revolution. Today, thanks to the Internet, a number of banking transactions can be carried out sitting at home. While at one end this has meant convenience for customers and lower cost of operations (for banks), it also has made it imperative for the banking industry to have resilient and robust IT systems to handle these customer requirements. Thus, the need is to have end to end banking solutions that support straight through processing, unified customer view and consistent multi-channel customer experience.

    While companies like Infosys will ensure that business rules are captured in the solution, Sunís platforms will meet the requirement at a systems level. The alliance opens up a world of opportunity for Finacle. Sun marketing the product will help it gain wider acceptance in the western markets. Further, leveraging on Sunís brand, Infosys can hope to reach out to a large number of organisations. The alliance will benefit the customer in terms of reduced time to market and lower cost of ownership.

    Infosys saw a 119% growth in product revenues in FY02. Consequently, the contribution to revenues increased from 2.5% in FY01 and 4% in FY02. Finacle had a 60% market share among Indian banks. According to the companyís annual report, Finacle now powers four out of six old generation private sector banks, five out of eight new generation private sector banks and one out of two public sector banks in India. In FY02, the companyís banking business unit acquired 11 new clients of which four were in India and 7 overseas. Infosys has been putting a lot of effort to develop a world class banking software. The partnership with Sun is another step in that direction.



    Equitymaster requests your view! Post a comment on "Infosys: Strengthening Finacle". Click here!


    More Views on News

    Infosys: A Decent Start to FY18 (Quarterly Results Update - Detailed)

    Jul 14, 2017

    Infosys starts FY18 on an encouraging note with a stable performance.

    Infosys: A Flat End to FY17 (Quarterly Results Update - Detailed)

    Apr 13, 2017

    Infosys ends FY17 with a 7% QoQ fall in net profit for the March quarter.

    Infosys: A Decent Quarter (Quarterly Results Update - Detailed)

    Jan 13, 2017

    Infosys has reported a 0.2% QoQ decrease in the topline and an increase of 4.6% QoQ in the bottomline for the quarter ended December 2016.

    Tech Mahindra: Our Revised View (Quarterly Results Update - Detailed)

    Aug 2, 2017

    A better than expected turnaround in performance results in a change in view.

    Wipro: A Decent Start to the Year (Quarterly Results Update - Detailed)

    Jul 27, 2017

    Digital services drive growth for Wipro in 1QFY18.

    More Views on News

    Most Popular

    A 'Backdoor' to Multibaggers: It's Like Investing in Asian Paints Ten Years Ago(The 5 Minute Wrapup)

    Aug 10, 2017

    Don't miss these proxy bets on growing companies or in a few years you will be looking back with regret.

    The Most Important Innovation in Finance Since Gold Coins(Vivek Kaul's Diary)

    Aug 10, 2017

    Bill connects the dots...between money and growth, real money and real resources, gold and cryptocurrencies...and between gold, cryptocurrencies, and time.

    Signs of Life in the India VIX(Daily Profit Hunter)

    Aug 12, 2017

    The India VIX is up 36% in the last week. Fear has gone up but is still low by historical standards.

    Bitcoin Continues Stellar Rise(Chart Of The Day)

    Aug 10, 2017

    Bitcoin hits an all-time high, is there more upside left?

    5 Steps To Become Financially Independent(Outside View)

    Aug 16, 2017

    Ensure your financial Independence, and pledge to start the journey towards financial freedom today!

    Copyright © Equitymaster Agora Research Private Limited. All rights reserved.
    Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

    LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA or Canada, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

    SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

    Equitymaster Agora Research Private Limited. 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
    Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407

    Become A Smarter Investor In
    Just 5 Minutes

    Multibagger Stocks Guide 2017
    Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
    We will never sell or rent your email id.
    Please read our Terms


    Aug 22, 2017 (Close)


    • Track your investment in INFOSYS LTD with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
    • Add To MyStocks


    Compare Company With Charts