'Finacle from Infosys leads retail banking'

New Delhi, Dec 3: In the recently released Forrester Wave report 'Retail Banking Platforms Q4 2006' (November 2006), banking solution, Finacle developed by Infosys emerged as a leader and stood out for its convincing strategy and a sound current offering in retail banking.

In the study, the first of its kind, comparing the retail banking platform market, Forrester evaluated five global retail banking platform vendors.

These vendors were short-listed through a rigorous multi-criteria selection process that included an in-depth appraisal of their coverage of the Forrester banking functions map, forward-looking architectural approach, success in 2005, global delivery capability and platform commitment.

According to Forrester, ''Infosys earns the top slot in the first Forrester Wave of retail banking platforms. Finacle is a good shortlist choice for banks that need a banking platform with comprehensive functionality, want a strong multichannel solution as part of the banking platform or are seeking an agile banking platform that is able to cope with changing business needs.'' Infosys Finacle ranked number one in overall strategy with a score of 3.95 (on a scale of 0 to 5) and also earned the top score in the areas of multichannel enablement, architecture and development and systems integrators.

Infosys is one of the two banking platform vendors that score highest for platform agility.

UNI