Infosys profit delicately declines


Excitement is thin on the ground as the net profit for India-based Infosys dipped ever so gently in its latest financial results. For the quarter ended 30 June 2017, the financial systems vendor announced that Q1 net profit was $541 million, a quarter-on-quarter (QoQ) decline of 0.4%. Although for year-on-year (YoY), it displayed growth of […]

Infosys plans 10,000 new US tech jobs

Too much debt

India-based Infosys plans to open its next technology and innovation hub in North Carolina and hire 2,000 “American” workers in the state by 2021 – which is a dream within a bigger dream. This investment is part of its ambitions, revealed in May, to open four US hubs in the US and hire 10,000 “American” […]

Al-Ahli Bank of Kuwait swaps Misys’ Equation core banking system for Infosys Finacle

Misys' Equation core banking system out, Infosys' Finacle in

Al-Ahli Bank of Kuwait (ABK) has gone live with a new core banking system at its two branches in the UAE. The new platform is Finacle, supplied by Infosys’ product subsidiary EdgeVerve.

EdgeVerve calls for fintech’s magnificent seven


EdgeVerve Systems, a product subsidiary of Infosys, has launched Finacle FinTech Connect and the chance for firms to integrate their solutions into Finacle’s banking suite. Companies are invited to register for a partnership evaluation process and stand a chance to present at its event Infosys Confluence 2017 in May in San Francisco; along with joint […]

Housing Bank Algeria in tech revamp with Infosys Finacle

Infosys Finacle gets new site in Algeria

Housing Bank Algeria, a subsidiary of Jordan-based Housing Bank for Trade and Finance (HBTF), is modernising its front-to-back office technology with Infosys Finacle.

New treasury software deal for Infosys Finacle in India

New banking system project for Infosys Finacle in India

Federal Bank, a large private sector bank in India, is to overhaul its treasury operations with Infosys’ Finacle banking system, Banking Technology understands.

Infosys bites back over Panaya purchase allegations


Infosys is fighting back over allegations made by an anonymous whistleblower that its $200 million acquisition of Israeli firm Panaya was a big old mess. The whistleblower says in an email that Infosys’ acquisition price in February 2015 was over the odds, as the company had been valued at $162 million by Israel Growth Partners. […]

India Post Payments Bank launches pilot services


India Post Payments Bank (IPPB) has launched and is rolling out pilot services in Raipur and Ranchi. IPPB is the third payments bank to be authorised in India, and follows on the heels of Paytm (launched last year) and Airtel (opened for business this year). IPPB’s chief executive officer, A P Singh, says: “The idea […]

Wearable technology in investment banking: watch your money on your watch


How can wearable technology be made popular in investment/wealth management services? We suggest a number of features that can create value and relevance to individual traders and wealth managers, if made available on smartwatch trading apps.

Infosys Finacle core banking system live at Sunrise Bank in Nepal

New go-lives for Infosys' Finacle core banking system in Nepal

Infosys’ flagship core banking offering, Finacle, is live at Sunrise Bank in Nepal. Finacle ousted Temenos’ T24 core banking system (installed at the bank six or so years ago).