Finacle T: two leading global banks to power direct banking

Infosys Technologies (INFOSYS.BO : 1720.35 -7.6) today announced the launch of FinacleT Direct Banking Solution, a comprehensive solution that supports the full-fledged branchless delivery of a range of assets and liabilities solutions, through the Internet, mobile or call centre channels. Infosys also offers complete operational partnership along with the solution including consulting, implementation, and BPO.

Two leading global banks have already chosen FinacleT Direct Banking Solution to take advantage of the disruptive direct banking business paradigm.

As more banks across the globe realign their business strategy towards low cost customer acquisition, FinacleT Direct Banking Solution along with surround services presents banks a cost-effective entry strategy for business expansion into new geographies, and network expansion in existing markets. It is also an effective engine for demand generation through online sales enablers, to drive customer acquisition and extend the branchless bank's outreach.

Haragopal M, Global Head - Finacle, Infosys Technologies Ltd. said, "FinacleT Direct Banking Solution aims to address the growing demand amongst banks of rapid customer acquisition and business expansion at minimal incremental costs. We are delighted that two leading global banks have already reposed their trust in this state-of-the-art offering."

The solution comes with complete pre-configured parameters and supports multi-lingual call-centre operations, helping banks to implement a direct banking offering in a short period of time. Banks will have powerful STP capabilities for shortened processing cycles, reduced risk and lower operating costs, as well as extensive security features and a framework for further integration with specialized security software. Additionally, the versatile 'alerts' feature provides multi-channel notifications, ensuring that customers receive relevant information through preferred channels. Its self-service capabilities further empower customers to manage their banking activities better.

As a leader in banking transformation, FinacleT has a global footprint across 62 countries and has been acknowledged among the leaders in the core banking solution space by top analysts including Gartner and Forrester. FinacleT is also the winner of a series of awards for its innovation and implementation capabilities, including The Banker Technology Award, The Asian Banker IT Implementation Award and The Banking Technology Judge's Special Award for 'Innovative Use of IT'.

FinacleT from Infosys helps banks by providing solutions and services that enable a shift in their strategic and operational priorities. The offerings address the comprehensive technology-led business transformation requirements of retail, corporate and universal banks worldwide by maximizing their opportunities for growth, while minimizing the risks that come with such large scale transformation.

Infosys defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a flat world. These solutions focus on providing strategic differentiation and operational superiority to clients. 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. Infosys has over 100,000 employees and operates globally from 21 countries. Infosys is part of the NASDAQ-100 Index.

Statements 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. These forward-looking statements are subject to risks and uncertainties including those described in our SEC filings available at www.sec.gov including our Annual Report on Form 20-F for the year ended March 31 2009 and our other recent filings, and actual results may differ materially from those projected by forward-looking statements. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.