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Infosys Finacle becomes a leader in IDC MarketScape of Worldwide Core Banking

Infosys

Infosys has announced that Infosys Finacle has been positioned as the leader in the IDC MarketScape of Worldwide Core Banking Solution providers. The report praises Finacle for displaying high level of strategic vision and for its ability to deliver functionality and support to clients.

IDC mentions in the report that, “Infosys continues to impress with scale, with its highest benchmarks in production reaching around 71 million customers with 88 million accounts, and an average transaction throughout of 6.6 million (and peaks of up to 10 million) per day.”

Speaking about the achievement, Michael Reh, Senior Vice President and Global Head of Infosys Finacle, said, “We believe being evaluated as a Leader among the global core banking providers clearly underlines our ability to deliver best-in-class banking solutions that are fully tailored to the US market requirements. This recognition, along with our successful implementation at Discover Financial Services, clearly establishes that Finacle is best equipped to help modernize US banks that are struggling with legacy IT infrastructure, while also helping them achieve profitable growth.”

“Using the IDC MarketScape, our global team of analysts rigorously evaluated 19 global core banking solutions in terms of current and planned capabilities, corporate and product strategies, and customer references. Infosys Finacle scored quite well across all metrics and we congratulate them on earning the position of ‘Leader’ among the global core banking providers,” said, Karen Massey, Senior Analyst, IDC Financial Insights.

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