Infosys recently reported decent results, despite formidable headwinds like sluggish macroeconomic growth and intensifying competition. INFOSYS LTD Price and Consensus | INFOSYS LTD Quote In fact, an assessment of the top 1000 banks globally, indicates that institutions powered by Finacle benefit from 50% higher returns on assets, 30% higher returns on capital, and 8.1% lower costs to income comparatively.
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In such a setting, Infosys Finacle solutions suite offers banks a way to steadily upgrade their legacy applications, accelerate their digital transformation and imbue new capabilities to drive future growth as well. Consequently, most of the banks are either already transforming their application landscape or planning to start soon. However, in the face of increasing digitization, evolving customer demands, tougher competition and margin pressures, banks have eventually realized the long-pending need for modernization.
The existing banking platforms of various banks still employ outdated technologies, which significantly fall short of meeting present-day business requirements. Further, its highly sophisticated product configuration and bundling capabilities were also acknowledged. Infosys Finacle also stood out for its strong architectural focus, with important elements such as service-oriented architecture, components, SOAP and RESTful APIs, as well as API management.
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