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Infosys Finacle

Core Provider

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  • Functionality & Response to Areas of Focus

  • Quick Facts

Functionality & Response to Areas of Focus

Core Functionality

  • Finacle Core: Retail and commercial for deposits and loans
  • Finacle Origination (deposit and lending—does not include mortgage)
  • Finacle Corporate and Business Banking Solution Suite
  • Finacle Online Banking
  • Finacle Mobile Banking
  • Finacle Digital Engagement Hub
  • Finacle Payment Hub
  • General ledger sub ledger for core system
  • Infosys Finacle SaaS, leveraging AWS public cloud

Firm's Response to Core Committee's Key Areas of Focus

Infosys Finacle states that it’s the bank’s data. The focus of the Finacle SaaS offering is to leverage a multi-layered integration foundation to allow flexible and secure access to the financial institution’s data. Full business functionality via APIs, customizable access to operational information and a standardized framework for bank-controlled bulk data access to the Finacle data stores. 

Infosys Finacle has long been an active participant in global integration standards definition and development initiatives (e.g., BIAN, IFX, XBRL). The Finacle banking platform is committed to support of existing and developing industry standards in the financial and banking industry for integration approaches, interface, security, payments and user interface standards. Alignment with the design and development of the FDX datasharing initiative is under assessment as a natural fit for the open data constructs of the Finacle SaaS offering.

Infosys Finacle states that the Finacle core solution is geared for the reality of open banking, supporting open APIs to enable a bank’s multifaceted integration within its ecosystem of customers, developers and business partners. With its real-time processing engine, open APIs and embedded customer insights, Finacle delivers one of the most advanced digital banking foundations to allow banks to effectively embrace the digital banking reality. Finacle offers an optimal mix of functional component granularity and flexible API based access enabling acceleration of a banks’ ability to effectively leverage the broader digital ecosystem with API stores, embedded services, and secure fintech engagement.

(Including Exclusivity, Coterminous Contracts, Deconversion Fees, Limitation of Liability, SLAs and Early Termination Penalties)

Infosys Finacle states the following:

  • Exclusivity may be negotiated for a period.
  • Coterminous contracts are not applicable.
  • Reasonable per-file charge and per-hour rate for deconversion.
  • Total liability of Infosys Finacle to be capped at 12 months’ subscription fees paid prior to the date of claim.

Quick Facts

Quick Facts
Headquarters LocationBangalore, India;
Richardson, Texas
Websitefinacle.com
Year Established1981
Ownership ModelPublic
Regionally Focused or NationalNationwide
Number of Cores Offered1
Name of Core SolutionFinacle
Number of US Banks on the Core5
FunctionalityRetail, SME and Commercial, with full, advanced digital capabilities across online and mobile channels.
Target Bank Asset SizeCommunity banks
Business StrategyInfosys Finacle states that their strategy for the U.S. market is to continue to sell to large banks, but also create a separate business unit focussed on community banks. This unit will offer the Banking SAAS offering to provide a more open solution for community banks.