News : Infosys Recognized as a Leader in Gartner's Magic Quadrant
Bangalore, India, May 6, 2016 -- Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys (NYSE: INFY), announced that it has been positioned as a Leader in Gartner’s Magic Quadrant for Global Retail Core Banking (GRCB)1. Infosys Finacle has been named a Leader in this Magic Quadrant for the ninth time in a row. The assessment evaluated 17 global vendors on two key parameters: ability to execute and completeness of vision. Infosys has been placed furthest in completeness of vision within the Leaders Quadrant. Gartner's Magic Quadrant for Global Retail Core Banking report can be accessed here.
According to Gartner, "Leaders in the GRCB market tend to possess a high-order market understanding — that is, they make it their business to monitor market trends, funneling progressive innovation into their product road maps. About half of this group either possesses software development quality certifications (such as CMMI) or is pursuing them. Without exception, the Leaders are progressively "thinking small" or targeting component-based architecture as a gateway to providing increased accessibility to the granular functionality that banks need to drive the basis for differentiation."
Andy Dey, President – Customer and Operations, EdgeVerve:
"We believe that being recognized as a Leader in Gartner's Magic Quadrant for nine times in a row is a recognition of our commitment to building world-class banking solutions. Today, significant number of banks need to modernize their core banking systems to keep pace with the evolving banking environment. Infosys Finacle offers an advanced and componentised banking solution to enable progressive modernisation that can give banks the agility for innovation and growth, simultaneously helping them achieve operational excellence."
Posted by Veronica Silva Cusi, news correspondent
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Infosys BPO is an end-to-end outsourcing services provider. We address your business challenges through our integrated IT and business process outsourcing solutions. We unlock business value by applying proven process methodologies and business excellence frameworks to significantly reduce costs, enhance effectiveness and optimize business processes. Infosys BPO is a global company with 12 delivery centers across the Asia Pacific, Latin America, Europe and India. Our business solutions and leadership have been recognized by several global forums. We are an equal-opportunity employer and continue to be regarded for our global people excellence practices.
About EdgeVerve Systems:
EdgeVerve Systems, a wholly-owned subsidiary of Infosys, develops innovative software products tailored to banking software, enterprise buying, distributive trade and customer service
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