Infosys Technologies Limited (NASDAQ:INFY) and Union Bank of the Philippines (UBP) today announced that they have signed a strategic partnership to revamp the bank’s core technology platform with Finacle, the universal banking solution from Infosys. Financial institutions in over. We enable banks to drive digital transformations to achieve insightdriven interactions, seamless customer experiences, larger ecosystem play, and universal automation. Finacle is the market-leading digital banking solution platform from EdgeVerve Systems, a wholly owned subsidiary of Infosys.
Rated a leader by independent industry analysts, the Finacle Digital Banking Solution Suite is the solution of choice for banks across 100 countries to achieve just that. These solution are available for on-premise deployments or as cloud. Finacle core banking solution is a comprehensive, integrated, yet modular and.Finacle solutions address the core banking, omnichannel banking, payments, treasury, origination, liquidity management, Islamic banking, wealth management, analytics, artificial intelligence, and blockchain requirements of financial institutions to drive business excellence. UBP is one of the top tier banks in the region to make this paradigm shift from a mainframe to an open systems environment.After 1995 Infosys developed the same as FINACLE, a Core Banking Solution.
Modus has proved the capability on the ground multiple times. Finacle is at the heart of this technology driven transformation strategy of the bank.”Infosys identifies Modus as a partner company who can lead the Finacle Core banking solution implementation in a bank. Justo A Ortiz, Chairman and CEO, Union Bank of the Philippines said “Our bank clearly views this as a strategic initiative to address the bank’s new business requirements respond to market changes, enhance its customer experience and empower its employees.
This strategic breakthrough will provide an excellent reference model for banks looking at replacing their legacy based, mainframe based solution with Finacle to achieve business agility with a lower TCO.”Certain statements in this release related to the Offering constitute forward - looking statements. We believe that Finacle will help the bank achieve its vision of being an acknowledged leader in service, innovation and value. Girish G Vaidya, Senior VP and Head - Banking Business Unit, Infosys Technologies said, “We are delighted to partner with Union Bank of the Philippines. Modus has proved the capability on the.Commenting on this win, Mr.
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