Infosys: 2021 Infosys Finacle Banking Innovation Awards winners announced

Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NSE, BSE, NYSE: INFY), today announced the winners of the 2021 Infosys Finacle Innovation Awards. Nearly 270 nominations were received from 50 banks around the world, across ten award categories. An expert jury made up of global banking and technology leaders evaluated the nominations based on the innovation quotient, benefit quotient and complexity quotient, to determine the winners. In its seventh edition, the awards program recognized financial institutions around the world for their breakthrough innovations and innovative approaches that create new value for their stakeholders.

The Infosys Finacle Innovation Awards 2021 recognized initiatives that have had an impact on banking activity in ten award categories: product innovation, channel innovation, reimagining the customer journey, digitization of corporate banking, innovation focused on ecosystems, process innovation, transformation excellence, modern technology driven innovation, innovation business model and COVID Innovation response. In the context of the global pandemic, the Business Model and COVID Response Innovation categories were recently introduced this year, reflecting the emerging operational and innovation demand of banks.

For the full list of award-winning banks, innovations and their reactions, please click here.

Commenting on the innovations nominated for the awards program, Sanat Rao, Commercial Director and Global Head, Infosys Finacle, said: “We are living in a time of unprecedented change. An era that demands relentless customer-centric innovation to remain competitive and relevant. The Covid-19 pandemic has pushed the situation further into high gear, forcing banks to embrace innovative business models, customer-centric value streams and organizational capabilities across the digital age. The nominees and winners of the 2021 Infosys Finacle Innovation Awards are making clear their efforts in this direction, creating some of the most impactful technological banking innovations in the world. and the variety of nominations this year indicate the sustained investment and focus on innovation by banks around the world. My sincere congratulations to all recognized banks, and I wish them continued success in 2021 and beyond. ”

John Carroll, Head of International and Transactional Banking Services, Santander UK, said: “Santander Global Connect enables us to help UK businesses of all sizes seamlessly manage their banking needs for international transactions and cash management, as well as develop and develop customer relationships existing customers and to support the international growth needs of new customers. has never been such an important and exciting time for companies to consider international expansion. The tool is crucial in helping both clients and our own international banking strategy, now and in the future. ”

Ravindra Pandey, Deputy Managing Director and Chief Information Officer, State Bank of India, Global IT Center, said: “State Bank of India is proud to have launched the uniform, user-friendly and feature-rich yono Global Mobile Banking application for clients of SBI’s international operations, in eight countries so far. Technological change has already started on a global scale where everything is evolving around mobility and the mobile and Internet are becoming an integral part of our daily lives. We would like to thank our technology partner, Infosys Finacle, for making our digital vision a reality. We are confident that our yono Global mobile application will meet our customers’ expectations of “Banking on the Go” with ease and convenience. ”

Anton Nicolaisen, Managing Director, Standard Lesotho Bank, said: “Our future is to be the platform of choice for every person who offers more than financial services. This future-ready state requires technology that fuels innovation and ensures that our services are safe, reliable and convenient. Our innovation strategy puts our customers at the center of everything we do, through the technology platforms, data environment, ecosystems, partnerships and workforce of the future. The Infosys Finacle universal banking solution, native to the cloud, is therefore important for the success of our strategy.

About Infosys Finacle

Finacle is the advanced digital banking solutions suite from EdgeVerve Systems, a wholly owned product subsidiary of Infosys. Finacle is helping traditional and emerging financial institutions drive true digital transformation to achieve frictionless customer experiences, broader ecosystem play, insight-driven interactions, and pervasive automation. Today, banks in more than 100 countries trust Finacle to serve over 1 billion consumers and 1.3 billion accounts.

Finacle solutions meet basic banking, omnichannel banking, payments, treasury, structuring, liquidity management, Islamic banking, wealth management, analytics, artificial intelligence and blockchain requirements of financial institutions to drive business excellence. An assessment of the world’s 1,250 largest banks reveals that institutions powered by the Finacle Core Banking solution benefit on average from a cost-to-income ratio that is 7.2% lower than others.

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Safe harbor

Certain statements in this release regarding our future growth prospects, financial expectations, and plans to manage the impact of COVID-19 on our employees, customers and stakeholders are forward-looking statements intended to qualify for the Safe Harbor. ”Under the Private Securities Litigation Reform Act. 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those shown in these forward-looking statements. The risks and uncertainties associated with these statements include, but are not limited to, the risks and uncertainties regarding COVID-19 and the effects of government and other measures seeking to contain its spread, risks associated with an economic slowdown or recession in India. , in the United States and other countries of the world, changes in political, business and economic conditions, fluctuations in profits, fluctuations in exchange rates, our ability to manage growth, intense competition in IT services, including factors that may affect our cost advantage, salary increases in India, our ability to attract and retain highly qualified professionals, time and cost overruns on fixed price and term contracts, customer concentration, immigration restrictions, concentration of industrial segments, our ability to manage our international operations, the d reduced demand for technology in our key focus areas, disruption in telecommunications networks or system failures, our ability to complete and successfully integrate potential acquisitions, liability for damages on our service contracts , the success of companies in which Infosys has made strategic investments, the withdrawal or expiration of government tax incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry and the result of pending litigation and government investigations. Additional risks that could affect our future results of operations are described in more detail in our filings with the United States Securities and Exchange Commission, including our Annual Report on Form 20-F for the year ended 31 March 2021. These documents are available at www.sec. govt. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in documents filed by the Company with the Securities and Exchange Commission and in our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company, unless required by law.

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