Gartner names Infosys as International Retail Core Banking Leader

Infosys(NYSE:INFY) has made an announcement that it 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.

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.
 

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.”

The solution was recognized from among 20 global vendors, who were evaluated on two key parameters:  ability to execute and completeness of vision.