20 Feb, 2008, 1938 hrs IST, PTI
BANGALORE: Infosys Technologies Limited on Wednesday announced the launch of Finacle 10, the latest version of its universal banking solution, with a new set of offerings including Islamic banking.
The Bangalore-headquartered firm said it's a highly sophisticated and advanced system that has been built with efforts of over 240,000 person days.
Member of Infosys Board, T V Mohandas Pai, told news conference here that Finacle 100 has 40 million lines of codes, enables 100 million transactions per hour and can be used by 130,000 users concurrently.
The new set of offerings in Finacle 10 include Islamic banking, wealth management and an enhanced mobile banking solution.
"Finacle is core to our growth strategy. We have invested over $60 million in the last three years to build a state-of-the-art banking solution", Pai said.
Business Head, Finacle, Haragopal M, said Finacle 10 has multi-country infrastructure and tranformational capabilities that deliver increased productivity, rapid innovation and a comprehensive set of offerings to meet diverse customer demands.
"Seven Tier-I and Tier-2 banks around the world have already signed up for Finacle 10", he said.
NASDAQ-listed Infosys expects Finacle product to contribut $145 million to $150 million to the company's overall revenues for the year ending March 31, 2008. Finacle has been deployed by 105 banks in 60 countries.
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