Reducing complexity in
banking can result in nearly
20% increase in profits
Some say complexity is a natural outcome of sophistication and diverse product portfolios.
However, not all complexity adds value to the business.
* Almost 84% of annual IT budgets are consumed
to support existing business operations and organic growth.
Most bankers recognize that transforming their core systems holds the key to reducing complexity.
* However, 79% of bankers feel that the complexity of IT,
combined with insufficient expertise within the business is a major barrier for core transformation.
This calls for a different approach to transformation – a simpler approach.
In a banking landscape
marred by complexity,
the simplest will thrive
* On average, most banks take six months to launch
new products.
* Only 43% customers are satisfied with their bank’s ability to
offer the right products through the right channels.
* According to cross-industry research, retail banking exhibited
the second highest gap between business agility readiness and requirements to meet customer demands.
This state of being can be traced back to the complexity of operations and technology at most banks. Now, more than ever, banks must take stock of unresolved issues in their core systems with a clear mandate – simplify banking.
Transform one step at a time with
Finacle 11E
To simplify your transformation journey, we created Finacle 11E as a suite of enterprise-class banking components. So you don’t have to replace your banking platform at one go. Instead, you can choose the components you need and add them to your existing systems. This way, you realize business results in months, not years.
Modernize progressively
to reduce transformation risks
and reap benefits faster
What if your transformation could be simplified by breaking it up into easily manageable chunks?
What if you could start realizing benefits in months instead of years?
Wouldn’t that make it easier to embark on a transformation program?
We believe it would. And this belief powers the innovations that bring Finacle 11E to life.
58% of banks feel the ability to
deploy new systems in a
componentized manner will benefit
their innovation capability
Finacle 11E introduces
new enterprise-class components
to choose from
Payments Origination
Liquidity Management
Offers and Catalog Multichannel Framework Dashboards
Refresh your business model
and serve up banking in many
new flavors
Finacle 11E addresses the core banking, e-banking, mobile banking, CRM, payments, treasury, origination, liquidity management, wealth management, and Islamic banking
requirements of retail, corporate and universal banks worldwide. The solution’s componentized structure gives you unmatched agility to add or upgrade components selectively to sculpt newer revenue streams.
Bankers feel that two of the major barriers for
innovation are complexity and cost, caused
by an array of silo-based systems
Reduce costs and achieve
superior operational efficiency
and productivity
Finacle Payments
An advanced enterprise payments services hub
• Manages the entire payments lifecycle and processes payments regardless of payment instruments, originating channels, hosting modules, and payment networks
• SWIFT-ready solution designed leveraging ISO:20022 standards • Delivers seamless interoperability across global and local payment networks
Finacle Origination
An enterprise loan origination solution
• Simplifies and strengthens the credit lifecycle across retail and commercial loans
• Supports end-to-end credit origination needs – from customer application to credit analysis and decisioning, followed by loan onboarding and credit monitoring
• Works across various types of loans, ensuring cost efficiencies and optimum control
Power through complexity on to
greater profitability
Finacle 11E’s enterprise-class components will help you eliminate duplicate applications and break technology silos. So you spend less on operations and simplify your processes.
78% of banks feel enterprise-wide
systems such as payments or
origination would benefit
innovation execution
Personalize offerings to accelerate
your customer acquisition
Reach new segments faster
Finacle 11E’s components help you quickly roll out personalized offers that are as timely as they are unique.
Finacle Offers and Catalog
A first-of-its-kind solution for the banking industry
• Empowers business users to create and publish offers across channels instantly
• Provides a retail-like shopping experience with ‘do-it-yourself’ convenience
• Improves right-sell capabilities
Finacle Liquidity Management
A front-to-back office liquidity management solution• Enables banks to offer a comprehensive range of services to their corporate clients to identify, manage and optimize liquidity • Parameterization-driven, product-based approach to provide
tailor-made liquidity management services to corporate, and small and medium enterprise clients
87% of customers expect banks to
offer products or services to match
their lifestyle
Deliver consistent
experiences across channels
and delight customers
Multichannel Framework
A first-of-its-kind enterprise-class channel management solution
• Helps centralize channel rules and business processes to accelerate launch of new channels
• Orchestrates interactions between various channels and back office solutions to fast track introduction of new products and services on existing channels
• Lets your customers navigate seamlessly across channels without losing transaction context
Finacle Dashboards
A suite of configurable role-based widgets-led consoles
• Delivers an intuitive user experience that improves productivity of banking executives
• Helps service customers faster and frees up time for right-sell discussions
• Reduces errors and promotes rapid adoption of the solution
Simpler experiences – anytime, anywhere
With Finacle 11E, your customers can experience the same thrill of banking with you — whether it’s mobile, e-banking, ATM or the good old branch.
Bankers rate unified end-customer
experience across channels and
multichannel integration as top
priorities for innovation
Let’s begin your journey to a
simpler bank
To schedule a demo of Finacle 11E, please email us at [email protected]
Enhanced usability framework The new Finacle user interface has been designed with the latest HTML5 technology, and is based on the findings of a rigorous usability study conducted among more than 100 bankers.
Enhancements across the Finacle suite of solutions
Finacle 11E brings new capabilities that include Islamic trade finance, leasing and hire purchase, factoring, alternative investments, and financial planning. These capabilities open up fresh opportunities for banks to serve their clients with innovative products and services.
A snapshot of what’s new in Finacle 11E
Integration adapters
Apart from being an open solution which can seamlessly interface with other
enterprise applications leveraging industry standards, Finacle 11E provides readymade business and integration adapters to simplify your transformation journey.
Why Finacle?
Trusted – The platform of choice for over 168 banks
in 81 countries, serving 14% of the world’s banked population
Faster outcomes – Banks deploying Finacle have seen
returns on investment of up to 55% annually on their transformation efforts
Future-ready – Finacle has been investing over 25% of
its revenues in R&D to accelerate innovation for client businesses
Best-in-class – Finacle is consistently regarded as a
leader in the industry by analysts over the years
Sources
World Retail Banking Report 2013 by EFMA and Capgemini
Business Agility: Need, Readiness and Alignment with IT Strategies by Marcel van Oosterhout, Eric Waarts, Eric van Heck, and Jos van Hillegersberg
From Complexity to Client Centricity by IBM Institute of Business Value Innovation in Retail Banking 2013, 5th Edition by EFMA and Finacle The Business Case for Core System Transformation by Ovum and Finacle
First Data Universal Commerce Tracker, October 2012 (Research conducted for First Data by Applied Research and Consulting LLC)
Gartner Research - IT Key Metrics Data 2013: Key Industry Measures: Banking and Financial Services Analysis: Current Year by Jamie K. Guevara, Linda Hall, Eric Stegman
About Infosys Finacle
Infosys Finacle partners with banks to simplify banking and arms them with ‘accelerated innovation’ to build tomorrow’s bank, today.
For more information, contact [email protected] www.infosys.com/finacle
© 2013 Infosys Limited, Bangalore, India. All Rights Reserved. Infosys believes the information in this document is accurate as of its publication date; such information is subject to change without notice. Infosys acknowledges the proprietary rights of other companies to the trademarks, product names and such other intellectual property rights mentioned in this document. Except as expressly permitted, neither this documentation nor any part of it may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, printing, photocopying, recording or otherwise, without the prior permission of Infosys Limited and/ or any named intellectual property rights holders under this document.
