Tuesday, July 10, 2012: The Banker, the Financial Times global banking publication, recently announced the winners of its annual Innovation in Banking Technology Awards 2012. Finacle™ from Infosys was awarded the joint first place in the ‘Core Banking Technology Provider of the Year’ category.

New generation core banking systems are known for their sophistication and are designed to help banks meet regulation, bring products to market faster resulting in improved customer experience. Finacle was selected by the judging panel of global banking Chief Information Officers (CIOs) for its rich and advanced customer relationship management, service-oriented architecture and web-enabled technologies. Its flexibility has also been praised by users, allowing them to adapt to new demands and adding features and services where needed.

The annual ‘Innovation in Banking Technology Awards’ celebrate those behind the industry’s brightest ideas, seeking to recognize innovative thinking in banking technology and the positive impact that it can have on the entire ecosystem including employees, customers and operations. For the first time, the awards also recognize the ever-increasing contribution that technology providers and advisors make throughout the industry. These most capable technology providers were chosen by a selection of more than 20 banking CIOs from around the globe.

Haragopal M, Global Head, Finacle, Infosys, said: “Being recognized as the ‘Best Core Banking Technology provider of the Year’ reiterates Finacle’s commitment in accelerating the innovation agenda for our clients. Banks are challenged to adapt and thrive in a dynamic, increasingly unpredictable, business environment. Technology-led innovation is emerging as the single most important differentiator for those geared to succeed.”