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October 8, 2012

Finacle Aspires to Leadership of a Higher Kind

Posted by Rajashekara V. Maiya (View Profile | View All Posts) at 5:41 AM

finacle-gartner.gif
This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available here. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.






October has begun on a high. Gartner, Inc. has positioned Infosys as a Leader in the recently released 'Magic Quadrant for International Retail Core Banking 2012*' report for its Finacle™ core banking solution. The Leaders quadrant is occupied by vendors that demonstrate strong development methodologies, and all these vendors have a measurable strategy for disaggregating core banking software functionality into component-based constructs. Many vendors possess methodologies for quality assurance or are executing on a strategic road map to attain certification. Most vendors maintain a strong banking market understanding through methodical processes, and have extensive marketing delivery and sales channels. Although there are many well-balanced vendors/products in this quadrant, some are in transition and possess evolving products, process maturity or both. The report can be accessed here. While we are delighted and honored, we do realize that leadership vests us with great responsibility towards our customers, partners, other stakeholders. And also towards ourselves.

Leadership demands that we continue to uphold the highest ethical standards; that we act in the interest of sustainability; that we are recognized as a role model for aspiring firms, a worthy peer, and an organization that people are proud to work for. For that to happen, we need to imbue our products, platforms and services with the leadership mindset. 

The leadership mindset drives a product to rise to not just meet a client's immediate need but to steer an industry towards radical progress; it questions the status quo to inspire new thinking; it drives the creation of new business processes, new business capabilities, even new business models. Now, the product's innovation potential really begins to kick in when each of these capabilities work together. Think about these. A whole new business model like mobile wallets . Or, banks around the world penetrating unbanked and conventionally "unbankable" markets with a cost effective, yet profitable solution.  And with a little help from our Cloud capabilities, whole new capabilities like the consumer genome - so banks can identify each one of their customers individually - as unique persons to be engaged and delighted. 

Touching the lives of those around in a positive, enriching manner. That is true leadership. The kind we aspire to.

*Gartner, Inc., "Magic Quadrant for International Retail Core Banking" Don Free, September 26, 2012.

About the Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. 

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