Infosys Wins Contract from Fubon Bank for Finacle Solution

Premium IT giant Infosys Ltd. INFY disclosed that Fubon Bank has selected new generation Finacle Core Banking solution as its core banking platform to drive growth. With the application of Finacle, this subsidiary of Fubon Financial Holding Co. Ltd. can considerably enhance its operational efficiency and boost innovation competency.

Moreover, Finacle will assist this financial institution in curtailing the compliance cost and time. Most importantly, Fubon Bank will be able to effortlessly assimilate numerous channel applications, thereby, enhancing its services and boosting customer experience.

Finacle is a part of EdgeVerve Systems, a subsidiary of Infosys, and boasts more than 540 million clients across 84 countries. Encouragingly, Finacle Mobile Banking solution has been acknowledged as a leader among five top mobile banking platforms, by Forrester Research, Inc. – an independent technology and market research company. Such recognition underlines Finacle's expertise and popularity in the banking sector.

As a matter of fact, in November 2015, Infosys collaborated with Oracle Corp. ORCL to offer ‘Finacle as a managed service on Oracle Cloud.' The new service is aimed at helping banks combine various enterprise-class applications with Finacle's industry-popular solutions.

Apart from this, of late, Infosys has been winning contracts from renowned financial institutions across the world. Most recently, the company won a contract from one of the largest financial institutions of Norway, DNB Bank, for transforming the latter's application landscape via offering the AiKiDo service. Such contracts promise strong growth prospects for the company.

Infosys presently carries a Zacks Rank #4 (Sell). Better-ranked stocks in the industry include Acxiom Corp. ACXM, CDW Corp. CDW and EPAM Systems, Inc. EPAM. All three stocks hold a Zacks Rank #2 (Buy).

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