Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys, has been named a leader by Forrester Research, Inc. in ‘The Forrester Wave: Customer-Centric Global Banking Platforms, Q3 2016’ report. Finacle was recognized as a leader among nine top banking platforms, which were evaluated on a comprehensive set of 40 criteria focusing on strategy, current offering and market presence.
Assessing the market, Forrester mentions in the report that, many banks’ existing banking platforms still leverage overly mature - and in some cases ancient - technologies that are neither up to all of these business requirements nor provide a great basis for innovation. Thus, the vast majority of banks are already working on transforming their application landscape or planning to start doing so any time now.
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