This means the bank can get a 360-degree view of all of its clients transactions, including high-net-worth clients who use foreign currencies across multiple subsidiaries.Delhi, 11th December, 2008: Infosys Technologies Ltd (Infosys) and Punjab National Bank (PNB) today announced that PNB, one of the 500 largest banks in the world and the second largest public sector bank in India, has chosen Finacle from Infosys to power its core banking initiative for rural banking. The solutions componentized approach helps banks of allInfosys unveils specific version of Finacle core banking solution for Regional Rural BanksUsing Finacle’s universal banking solution from Infosys, Bancolombia can now monitor and interface with all its branches around the clock. The combination of Finacles high availability architecture and Radwares AppDirector ensures maximum application availability of the Finacle application for its demanding banking customers.Infosys, a global leader in consulting, technology and outsourcing, today announced the launch of Finacle 11E, an advanced universal banking solution that simplifies banking transformation. Infosys and Radware developed an alliance partnership in 2006 to promote high availability for Finacle, Infosys’ universal banking solution.
Finacle Universal Banking Solution From Infosys Software From Finacle
Moreover, all this is needed at a substantially lower cost for RRBs as their operations are relatively less complex. Due to the remoteness of rural branch locations, there are issues such as connectivity of branches for operational ease, centralization of data, and enhancement of customer service as well as innovation in banking products. The bank has now decided to extend new age technology benefits to its regional rural banking customers. Punjab National Bank has taken the lead in business excellence and commitment to customers by providing core banking coverage to its 4850 service outlets. A comprehensive set of solutions to address the modern technology needs of a bank to drive frictionless customer experiences.June 18th, 2018 - Infosys Finacle Core Banking Solution on Oracle SuperCluster and of the art core banking software from Finacle with Infosys Finacle Core Banking Solution on Finacle Wikipedia June 18th, 2018 - Finacle is a core banking product developed by Indian corporation Infosys that provides universal banking functionality to Banks In.
Finacle will enable RRBs to better manage audit processes, adhere to statutory compliance, enhance internal MIS requirements and offer customers competitive services on par with commercial banks. Extending the benefits of technology to RRBs will help sponsor banks in not just priority sector lending but also present an additional business avenue with tremendous potential. We are confident that in Finacle and Infosys, we have found the best combination to power this strategic initiative.”A majority of Indian banks are already ahead in terms of adoption of new age technology. Leveraging Finacle’s state-of-the-art technology we aim to standardize operations and offer customers a range of innovative products and services at reduced cost, enabling greater inclusive growth. In August 2015, Finacle became.Speaking on the occasion, R.I.S.Sidhu, Chief General Manager, Punjab National Bank said, “The key objective of this transformation initiative is to strengthen our RRBs and make them vibrant channels of financial service delivery for the rural sector. PNB management selected this platform to transform and standardize the operations of its RRBs.Finacle is a core banking product developed by the Infosys that provides universal Digital banking functionality to banks.
Return on assets improved to 1.15% for 2007-08 from 1.03% last year. The return on equity improved to 19% from 15.19%. 2008 stood at Rs.3,16,000 crore with more than 38 million customers.During 2007-2008, the bank earned a record profit of Rs.2048.76 crore registering a growth of 33.03% over the last year, the bank’s net worth increased to Rs.12318 crore from Rs.10435 crore during the previous year. Total business of the Bank as on 30th Sept. Bank has the largest network of offices amongst Nationalized Banks.
Infosys has over 80,000 employees in over 39 offices worldwide. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. These solutions focus on providing strategic differentiation and operational superiority to clients. For more information, visit About Infosys Technologies LtdInfosys (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a flat world. Finacle has been architected out of years of experience with global banks and offers several powerful and differentiating features making it one of the most comprehensive, flexible and scalable solutions in its class. The solution addresses the core banking, e-banking, treasury, and wealth management and CRM requirements of retail, corporate and universal banks worldwide.
We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them. These forward-looking statements are subject to risks and uncertainties including those described in our SEC filings available at including our Annual Report on Form 20-F for the year ended Maand our other recent filings, and actual results may differ materially from those projected by forward-looking statements. For more information, visit Infosys Technologies Ltd – Safe HarborStatements in connection with this release may include forward-looking statements within the meaning of US Securities laws intended to qualify for the “safe harbor” under the Private Securities Litigation Reform Act.
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