Cutting-edge technology: business solutions for today and beyond

Latin Trade, Dec, 2004

INFOSYS: SPEED TO MARKET FOR BANKS

The most useful technology for financial institutions in Latin America will assist them in the key functions of rolling out new products and services quickly. It will also help them adjust to change in a fast-paced market, says Sudheer Padiyar, marketing manager of the Americas for Infosys Technologies, a worldwide leading provider of IT consulting and implementation services.

To fill that bill, Infosys now offers the region's banks Finacle--a new generation universal banking solution using state-of-the-art technology. The solution addresses the core banking, e-banking, treasury, wealth management, customer relationship management, and cash management requirements of universal, retail, corporate, community and private banks worldwide.

"It is a flexible solution, which will adapt to changing business and operational requirements, ensuring that banks can continuously innovate and be agile," Padiyar says. "One of the unique capabilities of the solution is that banks can customize the application without touching the source code."

Finacle leverages Internet technology and has a browser-based front-end supported over intranet. This thin client architecture eliminates the issues of software distribution and maintenance, and it enables significantly better performance over traditional client-server applications, thus providing the right architecture for a centralized solution. In addition, the Finacle solution employs a message-based architecture, which ensures openness and facilitates easy integration with other existing applications.

In recent benchmarks, Finacle has set a new threshold in core banking scalability (11,180 transactions per second), improving its own record in the process. The benchmark has set new scalability standards for the industry and reinforced its status as the most scalable core banking solution.

"Infosys is one of the few vendors with a 100% track record when it comes to implementation of web-based solutions," says Padiyar. "Clients have the benefit of our strong implementation framework that helps them migrate to our technologies very easily and rapidly. They also have the backing of a world-class company that has a great depth of domain and technology strengths: We are a SEI CMM Level 5 company."

ACCPAC: TECHNOLOGY FOR GROWTH

Technology should provide businesses with access to good information about their operations at all times to allow for effective decisions and to help companies grow without having to radically change their systems, says Santiago Martinez, director of Latin America for ACCPAC International.

ACCPAC is a Best Software company and part of The Sage Group, which provides small and mid-sized businesses with a broad range of end-to-end business management applications designed to enhance customers' competitive advantage.

"Our objective in Latin America is to offer affordable technology that satisfies the needs of customers and allows their systems to grow along with their business," says Martinez. "ACCPAC's products are specifically designed for an international market and answer fiscal compliance and accounting requirements throughout the region."