Infosys Launches Finacle 11E- An Advanced Universal Banking Solution to Simplify Banking Transformation

Bangalore, India And Dubai, Uae (ots/PRNewswire) -

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. The
solution's componentized approach helps banks of all sizes to rapidly
modernize their operations, in a phased manner while minimizing risk.
Its enterprise-class components are expected to enhance the
efficiency of a bank's operations, while improving customer
experience across all channels.

(Logo: http://photos.prnewswire.com/prnh/20130122/589162 )

Finacle 11E is the latest release of the award-winning Finacle
universal banking solution. It builds on Finacle's success of
delivering powerful benefits to global banks, including an annual
rate of return of over 55% on core banking transformation
investments*. It also facilitates the launch of new products and
services faster - Finacle clients have experienced an average
improvement of 33 per cent in their time to market.**

As banks aim to reinvent their business and navigate the current
challenges in the macro-economic environment, Finacle 11E promises a
simplified approach to banking transformation:

- Its componentized structure makes it easy for banks to quickly 
target new
  customer segments. Banks can also choose the components they need 
and replace their
  existing systems one step at a time, to progressively modernize 
their business.
- The product factory capabilities in Finacle 11E empower banks to 
create and
  deploy new products in weeks instead of months.
- The solution's ready-made integration adaptors and compliance to 
industry
  standards ensure shorter deployment cycles and significantly lower 
total project
  costs.
- Its enterprise class capabilities helps banks break their 
technology silos and
  eliminate duplicate applications. This helps banks reduce their 
cost of operations and
  simplify their processes. With this release, Finacle has added six 
new enterprise
  components to its suite:
     - Payments - An ISO20022 based advanced payment services hub to 
future-proof
     banks' payments business
     - Multichannel Framework - Enables customers to navigate 
seamlessly across
     multiple channels without losing the transaction context
     - Offers and Catalog - Empowers banks to publish instant offers 
across
     channels. Graphical product simulators, comparators, customer 
reviews offer
     customers a 'Do It Yourself' convenience
     - Liquidity Management - Front-to-back office solution for 
bank's corporate
     customers to identify, manage and optimize their liquidity
     - Loan Origination - Helps banks manage the complete credit 
lifecycle across
     retail and commercial loans to attain superior credit quality
     - Dashboards - Configurable role-based console delivers an 
intuitive user
     experience that improves productivity and frees up time for 
right-sell discussions

Quotes:

Haragopal M, Global Head- Finacle, Infosys:

"Complexity of business operations and need for technology
modernization are amongst the biggest hurdles to accelerate growth
today. Leveraging the componentized nature of Finacle 11E, banks can
choose to deploy a solution in phases based on business priorities.
This ensures simplified transformation journey and faster realization
of modernization benefits."

Robert Hunt, Senior Research Director, CEB TowerGroup:

"Large banks are reluctant to undertake core modernization projects
due to the risks and complexity of the effort. By componentizing
their products, core vendors are providing banks with the flexibility
needed to develop phased implementation plans that reduce this risk.
Moreover, componentization allows banks to prioritize their efforts,
improving the business case for core modernization by focusing on
functions that provide the greatest short term benefits".

Ali Sajwani, Chief Information Officer, Emirates NBD:

"Finacle Core Banking Solution has been powering our operations since
2009. As a long term partner, Finacle has helped us grow both
organically and inorganically. It is encouraging to see Infosys
constantly evolving their solution to meet growing needs of banks for
simplification and easy modernization. We are currently rolling out
their new liquidity management solution to offer tailor-made cash
management products to our corporate and SME clients."

Peter Schlebusch, Chief Executive of Personal & Business Banking,
Standard Bank:

"Infosys has been our partner in business transformation for over 3
years now. Today, we run Finacle solutions in five countries and have
plans to expand it to other territories to achieve higher operational
efficiencies and faster growth. We are glad that Infosys continues to
invest in the solution and now with Finacle 11E are bringing out
capabilities which will help banks to simplify their operations and
deliver superior customer experience."

*Based on a client case study [http://research.aitegroup.com/Aite_Gr
oup_Helps_RCBC_to_Analyze_ROI_for_Its_New_Core_Banking_System ]
prepared by independent research firm Aite

**Based on an independent Business Value Articulation (BVA) survey
conducted with 46 Finacle clients by Feedback Business Consulting
Services, a third party independent market research organization

Additional Resources

- Click here 
  [http://www.infosys.com/finacle/simplify-banking/pages/index.aspx ]
to read more 
  about Finacle 11E
- Click here 
  [http://www.infosys.com/finacle/customers/clients-speak/Pages/spotl
ight-core-solutions.aspx ]
  to view a short video on Finacle 11E 
- Click here 
  [http://www.infosys.com/finacle/solutions/Documents/Simplify-Bankin
g-POV.pdf ] to 
  read about how to simplify banking

About Infosys

Infosys is a global leader in consulting, technology and outsourcing
solutions. We enable clients, in more than 30 countries, to stay a
step ahead of emerging business trends and outperform the
competition. We help them transform and thrive in a changing world by
co-creating breakthrough solutions that combine strategic insights
and execution excellence.

Visit http://www.infosys.com to see how Infosys , with $7.4B in
annual revenues and 155,000+ employees, is Building Tomorrow's
Enterprise(R) today.

Safe Harbor

Certain statements in this release concerning our future growth
prospects are forward-looking statements, 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, 2013 and on Form 6-K for the
quarter ended June 30, 2013. These filings are available at
http://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. 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
Abhijith Karthikeya D
Infosys, India
Phone: +91-80-41563373
Abhijith_Damodar@infosys.com

EMEA
Paul de Lara
Infosys, UK
Phone: +44-2075162748
Paul_deLara@infosys.com

Americas
Ken Montogomery
Phone: +1-415-318-4399
KMontgomery@GolinHarris.com

Australia & New Zealand
Cristin Balog
Infosys, Australia
Phone: + 61-3-9860-2277
Cristin_Balog@infosys.com

Photo: 
http://photos.prnewswire.com/prnh/20130122/589162

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | PRN

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