Finacle revenues up by 68 pc at $81.8 mn in FY06

New Delhi, May 19: Infosys Technologies Ltd today said Finacle, their universal banking solution, posted a 68 per cent growth at 81.8 million dollar in 2005-06 as against 48.6 million dollar in 2004-05, adding 16 new customers to its clientele.

''Finacle had 61 per cent revenues from the overseas and remaining 39 per cent from the domestic market. Finacle reached a milestone of 11,180 transactions per second in 2005-06,'' Infosys Vice President and Business Head for Finacle Merwin Fernandes told newspersons here.

Talking on the target market of Finacle, Mr Fernandes said, ''We are targetting at the Tier 1, Tier 2 and large regional banks, particularily in core and e-banking in retail and universal banks.'' Finacle empowers banks to transform their business leveraging technology. The solution addresses the core banking, e-banking, treasury, wealth management, CRM, and cash management requirements of universal, retail, corporate, community and private banks worldwide.

Finacle operates in 48 countries including India, Australia, New Zealand, Thaland, Japan, Sri Lanka and Singapore.

It has a clientele of 82 customers including 49 from the overseas.

At present, Finacle has 2400 employee, of which around 1000 are placed in product development whereas around 1200 are placed in implementation development.

Finacle aims at providing large banks low total cost of operation (TPO) and act as an alternative to legacy systems.

UNI