Bangalore/ London/ New York, June 15 (ANI/Business Wire India): Infosys Technologies today announced the launch of FinacleT Direct Banking Solution, a comprehensive solution that supports the full-fledged branchless delivery of a range of assets and liabilities solutions, through the Internet, mobile or call centre channels. Infosys also offers complete operational partnership along with the solution including consulting, implementation, and BPO.
Two leading global banks have already chosen FinacleT Direct Banking Solution to take advantage of the disruptive direct banking business paradigm.
As more banks across the globe realign their business strategy towards low cost customer acquisition, FinacleT Direct Banking Solution along with surround services presents banks a cost-effective entry strategy for business expansion into new geographies, and network expansion in existing markets. It is also an effective engine for demand generation through online sales enablers, to drive customer acquisition and extend the branchless bank’s outreach.
Haragopal M, Global Head - Finacle, Infosys Technologies Ltd. said, "FinacleT Direct Banking Solution aims to address the growing demand amongst banks of rapid customer acquisition and business expansion at minimal incremental costs. We are delighted that two leading global banks have already reposed their trust in this state-of-the-art offering."
The solution comes with complete pre-configured parameters and supports multi-lingual call-centre operations, helping banks to implement a direct banking offering in a short period of time. Banks will have powerful STP capabilities for shortened processing cycles, reduced risk and lower operating costs, as well as extensive security features and a framework for further integration with specialized security software. Additionally, the versatile ‘alerts’ feature provides multi-channel notifications, ensuring that customers receive relevant information through preferred channels. Its self-service capabilities further empower customers to manage their banking activities better.
As a leader in banking transformation, FinacleT has a global footprint across 62 countries and has been acknowledged among the leaders in the core banking solution space by top analysts including Gartner and Forrester. FinacleT is also the winner of a series of awards for its innovation and implementation capabilities, including The Banker Technology Award, The Asian Banker IT Implementation Award and The Banking Technology Judge’s Special Award for ‘Innovative Use of IT’.
FinacleT from Infosys helps banks by providing solutions and services that enable a shift in their strategic and operational priorities. The offerings address the comprehensive technology-led business transformation requirements of retail, corporate and universal banks worldwide by maximizing their opportunities for growth, while minimizing the risks that come with such large scale transformation.
Infosys defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a flat world. These solutions focus on providing strategic differentiation and operational superiority to clients. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 100,000 employees and operates globally from 21 countries. Infosys is part of the NASDAQ-100 Index.
Statements in connection with this release may include forward-looking statements within the meaning of US Securities laws intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties including those described in our SEC filings available at www.sec.gov including our Annual Report on Form 20-F for the year ended March 31 2009 and our other recent filings, and actual results may differ materially from those projected by forward-looking statements. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them. (ANI)
Wednesday, June 17, 2009
Monday, June 8, 2009
Smart City should not be delayed any further: Infosys chief
Thiruvananthapuram: Infosys Technologies chief executive Kris Gopalakrishnan Friday asked the Kerala government to take quick steps to solve the hurdles that stand in the way of the Rs.1,500-crore ($316 million) Smart City IT project, to come up in Kochi.
His statement comes days after Smart City Dubai, the developer of the project, gave an ultimatum to the state government to sort out the land dispute surrounding it before the end of the year.
"I am not aware of the project details, but this delay is not going to help the project. The government should soon finalise its decision," Gopalakrishnan said.
He was speaking to reporters after attending a meeting on infrastructure development in the state, organised by the Confederation of Indian Industry (CII).
The Smart City project, whose foundation stone was laid Nov 16, 2007 by Kerala Chief Minister V.S. Achuthanandan, has not seen any progress since then.
Smart City Dubai June 1 demanded the government give a "firm assurance" regarding the free-hold rights on 12 percent of the project land, which amounts to 39 acres.
The Dubai-based company's chief executive, Fareed Abdul Rehman, told reporters in Kochi that the firm would pull out of the project if the issue was not settled before Dec 31 this year.
Gopalakrishnan, however, expressed satisfaction with the government's decision to set up IT parks in all district headquarters.
"This would mean world class infrastructure is created and it would be good not only for the IT industry but also for nano-technology and bio-technology," he said.
According to the Infosys chief, new models of infrastructure development are the need of the hour.
"India is behind in use of technology and a lot of catching up has to be done. Both the state and centre should support infrastructure companies that provide all facilities," added Gopalakrishnan.
His statement comes days after Smart City Dubai, the developer of the project, gave an ultimatum to the state government to sort out the land dispute surrounding it before the end of the year.
"I am not aware of the project details, but this delay is not going to help the project. The government should soon finalise its decision," Gopalakrishnan said.
He was speaking to reporters after attending a meeting on infrastructure development in the state, organised by the Confederation of Indian Industry (CII).
The Smart City project, whose foundation stone was laid Nov 16, 2007 by Kerala Chief Minister V.S. Achuthanandan, has not seen any progress since then.
Smart City Dubai June 1 demanded the government give a "firm assurance" regarding the free-hold rights on 12 percent of the project land, which amounts to 39 acres.
The Dubai-based company's chief executive, Fareed Abdul Rehman, told reporters in Kochi that the firm would pull out of the project if the issue was not settled before Dec 31 this year.
Gopalakrishnan, however, expressed satisfaction with the government's decision to set up IT parks in all district headquarters.
"This would mean world class infrastructure is created and it would be good not only for the IT industry but also for nano-technology and bio-technology," he said.
According to the Infosys chief, new models of infrastructure development are the need of the hour.
"India is behind in use of technology and a lot of catching up has to be done. Both the state and centre should support infrastructure companies that provide all facilities," added Gopalakrishnan.
Sunday, June 7, 2009
Infosys employees sceptical about new HR move
Infosys Technologies has launched a new HR initiative — iRACE (Infosys Role and Career Enhancement) — that is unsettling a section of the employees.
Though the company says that it is a platform that defines roles, competencies and proficiency requirements while linking career movement to performance and business focus, employees are not sure about company’s intentions.
Many employees that FC spoke to said that they are apprehensive about the new programme. According to them it brings in needless intermediate designations in the promotional cycle, thus making the process of moving up the ranks longer for employees.
For instance, with the implementation of this iRACE initiative a programme engineer (fresher) will take more than the current 2-3 years to become a programme analyst. An employee who was awaiting his promotion to the programme analyst level said, “After this new initiative, I will now be given the designation of a senior programme engineer and then after being in that role for 2-3 years I will be promoted to programme analyst.”
The roll-out of iRACE is currently on and is expected to be completed in next three months. Nandita Gurjar, group head — HR of Infosys told FC , “iRACE was initiated in May 2008 to sharpen the relevance of our current role-based career structure with our business imperatives, the company philosophy, the needs of our employees.”
The programme design involved an analysis of feedback from clients and employees, inputs from industry benchmark studies and internal business strategies, the company said. Over 6,500 Infoscions contributed to the analysis, planning and development efforts of iRACE.
However, a Bangalore-based software engineer working with the company told FC that employee response to the initiative is not good. “Apart from the prospect of intermediate levels in promotion coming in, there is lot of confusion about what band level employees will be allotted and if salary will be same or cut according to new bands,’’ he said. Another colleague added that some employees have already begun to update their resumes and apply for jobs.
Queried on promotions in the new programme, Gurjar said, “Our promotion policy depends on the roles which open up due to growth and expansion of business. The new model will also be on the same basis. We have never had the policy of automatic promotions or time bound promotions without the availability of roles.’’
On the apprehensions voiced by some Infoscians, the HR head said she had received very positive comments about iRACE. “Employees are excited about having multiple careers streams and enriched role clarity. Over the next few months, the few cynics will understand more of the programme and convert,’’ she added.
Though the company says that it is a platform that defines roles, competencies and proficiency requirements while linking career movement to performance and business focus, employees are not sure about company’s intentions.
Many employees that FC spoke to said that they are apprehensive about the new programme. According to them it brings in needless intermediate designations in the promotional cycle, thus making the process of moving up the ranks longer for employees.
For instance, with the implementation of this iRACE initiative a programme engineer (fresher) will take more than the current 2-3 years to become a programme analyst. An employee who was awaiting his promotion to the programme analyst level said, “After this new initiative, I will now be given the designation of a senior programme engineer and then after being in that role for 2-3 years I will be promoted to programme analyst.”
The roll-out of iRACE is currently on and is expected to be completed in next three months. Nandita Gurjar, group head — HR of Infosys told FC , “iRACE was initiated in May 2008 to sharpen the relevance of our current role-based career structure with our business imperatives, the company philosophy, the needs of our employees.”
The programme design involved an analysis of feedback from clients and employees, inputs from industry benchmark studies and internal business strategies, the company said. Over 6,500 Infoscions contributed to the analysis, planning and development efforts of iRACE.
However, a Bangalore-based software engineer working with the company told FC that employee response to the initiative is not good. “Apart from the prospect of intermediate levels in promotion coming in, there is lot of confusion about what band level employees will be allotted and if salary will be same or cut according to new bands,’’ he said. Another colleague added that some employees have already begun to update their resumes and apply for jobs.
Queried on promotions in the new programme, Gurjar said, “Our promotion policy depends on the roles which open up due to growth and expansion of business. The new model will also be on the same basis. We have never had the policy of automatic promotions or time bound promotions without the availability of roles.’’
On the apprehensions voiced by some Infoscians, the HR head said she had received very positive comments about iRACE. “Employees are excited about having multiple careers streams and enriched role clarity. Over the next few months, the few cynics will understand more of the programme and convert,’’ she added.
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