Infosys leader in International Retail Core Banking: Gartner

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Bangalore: Infosys has been positioned as a Leader in Gartner’s International Retail Core Banking report for the seventh time in a row for its Finacle™ core banking solution. The solution was recognized from among 20 global vendors, who were evaluated on two key parameters: ability to execute and completeness of vision. On both the parameters, Finacle™ was positioned furthest within the Leaders Quadrant.

According to Gartner, “Vendors in Leaders Quadrant tend to possess high-order market understanding – they make it their business to monitor market trends, funnelling progressive innovation into their product road maps. About half of this group either possess software development quality certifications (such as CMMI) or are pursuing them. With few exceptions, the Leaders are progressively “thinking small” or targeting component-based architecture as a gateway to providing increased accessibility to the granular functionality that banks need to drive the basis for differentiation.”

In a statement, Don Free, Vice President, Gartner Inc. said, “Gartner has evaluated the competitive landscape of core banking vendors that service the future of the international retail banking market. This evaluation uncovers the leading strategies of these vendors and products, reveals their underlying product/service capabilities, and affirms their relevance to the changing conditions of the banking industry. This Magic Quadrant can assist CIOs by focusing on what matters most – the relevance of vendor and product attributes to the alignment of critical business strategies and technology trends.”

Haragopal M, Global Head – Finacle, Infosys said, “At Infosys, we are very happy that Finacle is playing a crucial role in enabling our client banks to achieve their vision of scale, and help them introduce new products and services, while simultaneously deliver a high quality banking experience to their customers. Our consistent high rating over the years in the Gartner Magic Quadrant underlines our strong commitment to ensuring Finacle™ remains the solution of choice for the global banking industry.”

With $7.4B in annual revenues and 155,000+ employees, Infosys is a global leader in consulting, technology and outsourcing solutions.

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