Infosys Finacle and Huawei partner to create new financial cloud solution

Infosys Ltd. | IT - Software | IT & ITES | BSE: 500209 | NSE: INFY

02 Sep 2016 Evaluate

Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys, and Huawei, a leading global ICT solutions provider, have jointly unveiled the industry leading Finacle Universal Banking Solution Suite on Huawei’s FusionCloud based cloud platform. With this joint offering, financial services clients can expect substantial reductions in infrastructure and application management costs with high resilience and enhanced customer service efficiency across channels. The highly available platform will allow customers to run Finacle suite of applications on a private cloud network, delivering considerable performance, maintenance and total cost of ownership advantages.

As part of this partnership, Huawei and Finacle carried out a benchmarking activity, observed and reviewed by the global advisory firm EY. The test was simulated on a Finacle database size of almost 1 TB, with 6000+ branches, 33 million+ customers, 61 million+ accounts and 20,000+ branch users. 3,846,000 transactions were successfully processed in a total test duration of 2 hours and 33 minutes at the rate of 627.66 transactions per second in one hour of peak user load.

The solution will provide enhanced agility and quick service rollout, by enabling elastic, on demand and secure computing resource pools, while supporting all-round management and service automation. Customers will gain a range of flexible capabilities such as product factories, extensive parameterization and reusable business rules, and Open APIs, thereby enabling greater agility. The solution will help reduce operating expenditure by ensuring optimum infrastructure utilization. Besides, customers will enjoy superior operational excellence owing to flexible process orchestration, robotic process automation, straight through processing and industry standards driven integrations.

Infosys is a global leader in consulting, technology and outsourcing solutions. The company enables clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition.

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