Tuesday, November 13, 2012

Infosys, the Universal Banking Transformation Partner

Infosys Limited (Nasdaq: INFY) is a global consulting, software and IT services company founded in 1981. Offerings of Infosys range from business and technology consulting, system integration, products & platforms, maintenance, reengineering, IT infrastructure, and business process outsourcing. Finacle is a universal banking solution from Infosys aimed at the core banking, wealth management, CRM, Islamic banking, treasury, e-banking, and mobile banking requirements of retail, corporate, and universal banks. Infosys has more than 140,000 employees in the whole company (including subsidiaries) and more than 7,500 in the Finacle division. Infosys had revenue of $6 billion in 2011, with almost $300 million of that attributed to their core banking products.

Infosys Technologies has partnerships with a number of firms which compliment Finacle’s functionality. The following are companies currently partnering with Infosys:

  • SAS, Surya Soft: governance, risk, and compliance
  • RSA, Arcot: security authentication.SunTec: relationship-based pricing.
  • FRS Global: regulatory Reporting.
  • Customer XPS: online analytics / customer experience engagement.
  • NEWGEN: document management.
  • Comviva & Value First: mobile commerce.

Infosys also partners with various technological systems integrators like HP, IBM, and its own system integration team for large transformation projects. Infosys has partnerships with platform providers such as HP, IBM, Intel, Microsoft, and Oracle. Finacle also has a set of “education partners” that provide IT training in India (NIIT-IFBI, APTECH, Manipal Universal learning) for Finacle trained and certified resources. As shown in Figure 18, Finacle has 195 core banking customers, spread across 74 different countries. The majority of its clients are located in Asia-Pacific region. Figure 19 shows the Finacle client breakdown by number of accounts.


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Posts Category wise :

      CBS Manual – Finacle Menus/ Commands for your ready reference


·         Huge Collection of 938 Finacle Menus

·         286 Selective Finacle Menu options

·         Category wise Commonly used Finacle Menus

·         Finacle Menu options/ Commands for Bank Auditors

·         Frequently used Function keys in Finacle


      Customer ID & Account Opening related Menu Options / Commands


·         Customer ID creation and Verification in Finacle by using CUMM menu

·         Customer ID creation in finacle in short by using CUMM menu

·         Changing Customer ID of a Customer

·         Account Opening (Savings/Current) in Finacle using menu option OAAC

·         Account opening in Finacle – in short

·         Frequently asked questions related to Customer ID  and Account Opening


      Demand Draft / Pay Order related Menu Options / Commands


·         Issuing a Demand Draft using Finacle Menu options TM

·         Issuing Multiple Demand Draft / PO using Finacle menu option TM

·         Printing Demand Draft / PO using menu option DDPRNT

·         Cancellation of Demand Draft  in Finacle using menu option DDC

·         Marking a Demand Draft Lost and issuing Duplicate DD

·         Inquiry and Reports finacle Menu related to Demand Draft


      Miscellaneous Finacle Menu Options / Commands


·         Standing Instruction Maintenance using Finacle Menu Options SIM.

·         Creating a Memo Pad in Finacle Part - I.

·         Creating a Memo Pad in Finacle Part - II.

·         Deleting Memo Pad in Finacle

·         Mass Transaction Posting in Finacle using Finacle Menu option TTUM.

·         Freezing & Unfreezing of accounts in finacle using Finacle Menu AFSM

·         Passbook Printing in Finacle

·         Finacle Teller Cash account Maintenance using Finacle Menu GECM

·         Finacle Menu option TM  for Transaction Posting and Maintenance