Infosys has announced the launch of Finacle, version 10 - an advanced system that has been built with an investment of over 240,000 person days.

This new version will enable banks to transform their multi-country operations through a standard platform and processes. A set of over 5000 parameters and an enhanced scripting studio claim to deliver rapid product innovation. The new version also brings with it a whole new set of offerings including Islamic banking, wealth management; and an enhanced mobile banking solution.

According to T.V. Mohandas Pai, Member of the board, Infosys Technologies Ltd, “Finacle is core to our growth strategy. We have invested over $60M in the last three years to build a state-of-the-art banking solution. Finacle Universal Banking Solution, integrated with Infosys services like SI, Consulting and BPO will offer global banks a truly differentiated transformation model."

According to Haragopal M, Business Head, Finacle, “Finacle, version 10 with its powerful multi-country infrastructure and transformational capabilities delivers increased productivity, rapid innovation and a comprehensive set of offerings to meet diverse customer demands. Seven Tier-1 and Tier-2 banks around the world have already reposed their trust on Finacle, version 10 to power their domestic and international operations.”