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Infosys to offer financial services to US-based Verizon Communications

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Bengaluru: Global software major Infosys Ltd will offer its flagship Finacle product to service US banks’ Verizon cloud platforms.

“We will offer solutions to US banks and financial institutions through the software-as-a-service (SaaS) model, which is serving 547 million customers worldwide,” the city-based bellwether said in a statement on Friday.

The US-based Verizon Communications operates the country’s wireless network with 109 million retail connections nationwide. Its enterprise solutions arm helps clients to improve performance and manage risk using multiple platforms over its secure mobility, cloud computing, and networking.

“Our financial services provide a single real-time view of customers, members, products and transactions. We help banks and credit unions to enhance operational efficiency, speed to market for new offerings and reduce time and cost of compliance,” Infosys vice-president Michal Reh said on the occasion.

Finacle’s SaaS offering will empower financial institutions to deliver a multi-channel experience to customers, without much capital infusion and greater flexibility.

“As providing real-time and compelling customer experience across multiple channels is a difficult task even for financial institutions (FIs), Finacle solutions on Verizon cloud will be able to provide banking services to their customers without major investment,” Reh said.

Flexibility of the service helps financial institutions comply with evolving federal and state statutory requirements.

“FIs will benefit from Finacle’s solution coverage and high-performance platform hosted on our cloud to help improve agility, achieve sustainable, profitable growth and drive their business,” Verizon vice-president Adam Famularo said on the occasion.

(IANS)

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Infosys Relying on Automation for Digital Transformation of Their Clients’ Business

Infosys using automation to transform clients’ business: Nilekani

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Office building of Infosys.

Renewing legacy systems but discarding legacy mindsets, India’s global software major Infosys is relying on automation for digital transformation of their clients’ business, Chairman Nandan Nilekani said on Saturday.

“We are relying on extreme automation to free up our people to focus more on solving client challenges, mentoring their teams and investing in learning for digital transformation of their business,” the firm co-founder said at the company’s 38th Annual General Meeting here.

Addressing shareholders, the board of directors and employees, Nilekani said the management was working to dissolve silos across its global operations to ensure its clients have instant access to ideas emanating from Infocions so as to leverage their best when they interact with them.

Employees queue up infront of Infosys office.

“The novel approach means focusing on personal growth, nurturing zero-latency in processes, ensuring just-in-time data for decision-making, driving hyper-productivity and facilitating learning to instil new patterns of behaviour,” he said.

As its global clients were operating in a complex world, disrupted by many digital technologies, he said they were looking at the company to partner with them in the new digital era.

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“Our work across industries, value chains and geographies gives us keen insights into the pattern of changes transforming the fundamental wiring across a diverse set of businesses. We know that with this understanding, we are uniquely positioned to assist our clients in picking the right signals and to discover what’s next,” he asserted. (IANS)