NEW RESEARCH - Finacle and Infosys in Financial Services

TechMarketView is continuing its research into the banking software market which is the focus of a lot of attention as challengers enter the market and as incumbents look to modernise. In this report we ask the question, Can Finacle drive growth for Infosys in Financial Services?

The Finacle subsidiary of Infosys is at the core of its EdgeVerve software products business. One-third of Infosys Group revenue is from the wider Financial Services sector where the provision of software and the associated implementation and services is seen as a key generator of revenue and value-add. Finacle has significant international scale and a highly rated, modular software suite. It is also developing more cloud delivery partners and extending the capabilities of its portfolio.

However, despite a large global installed base, Finacle and other software products still generate less than 5% of group revenue. In the UK, Finacle has been limited to supporting niche operations of the major banks and has yet to show progress among the challenger banks. We look for a major contract win in the UK as a sign that Finacle can boost Group revenue growth and help sustain its margins.

FinancialServicesViews subscribers can access this research report, here.

If you're not yet a subscriber and would like to learn more please contact Deb Seth dseth@techmarketview.com.

Posted by Peter Roe at '23:24' - Tagged: software   bpaas   legacy   banking