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Finacle journey over the years with version differentiator
1993
2000
2002
2005
2008
2013
Bancs 2000
Infosys introduced its 1st banking product
Finacle Version 2.0
This version introduced several enhancements to
the core banking platform, including improved scalability & support for multi-currency transaction.
Finacle Version 3.0
Finacle 3.0 bought a more comprehensive suite of banking solutions,
including digital banking, CRM, analytics modules
& support for online banking.
Finacle Version 7.0
This version focused on enhancing user experience and introduced features like a more user-friendly interface, multi channel support, and improved security features
Finacle Version 10x
It was a significant update, offering comprehensive support for mobile banking, advanced analytics,
and customer insights. It also included features to meet regulatory compliance requirement.
Finacle Version 11x
This version continued to enhance digital banking capabilities, including support for wearables biometric authentication, and advanced analytics, and offer banking by providing open banking APIs, cloud compatibility, and blockchain integration.
2007 - Finacle Bank-in-a Box
(56 days implementation)
2012 - Finacle Ver 10.2
Latest Release - Finacle Core Banking 11E
An Advance Universal Banking Solution to Simplify Banking Transformation
Finacle 11E the latest release of the Finacle universal banking solution which was launched on September 18, 2013.
With this release, Finacle has added six new enterprise components to its suite:
1
Payments - An ISO 20022 based advanced payment services hub to future-proof banks’ payments business
2
Multichannel Framework - Enables customers to navigate seamlessly across multiple channels without losing the transaction context
3
Loan Origination - Helps banks manage the complete credit lifecycle across retail and commercial loans to attain superior credit quality
4
Offers and Catalogue - Empowers banks to publish instant offers across channels
5
Liquidity Management - Front-to-back-office solution for banks’ corporate customers to identify, manage and optimize their liquidity.
6
Dashboards - Configurable role-based console delivers an intuitive user experience that improves productivity and frees up time for right-sell discussions
It’s an enterprise-class capabilities which help banks break their technology silos and eliminate duplicate applications. T
his helps banks reduce their cost of operations and simplify their processes.
Finacle- Application Landscape Coverage
Service Channels
FINACLE CORE
Interfaces
POS/ Debit Card
ATM's
Internet Banking
Phone Banking
Online Trading
Mobile Banking
Call Centre
Virtual Branch Banking
A
L
T
E
R
N
T
R
E
C
H
A
N
N
E
L
S
Deposit
CASA
Lockers
Passbook / Advices
Access Control
Account Management
Clearing (Cheque/ BC / DD)
Interest Calculation
Fee & Charges Calculations
Sweep In - Sweep Out
Standard Instructions
Hold Funds
Notification / Alerts
Limits / Collateral
GL Posting
Accounting
Reconcilation
Provision Cal
MIS
Controlling
Arrears Management
EOD / EOM / EOQ / EOY
Utility Services
NEFT/RTGS
ECS
Product Management
Customer Management
Access Management
I
N
T
E
R
F
A
C
E
S
POS/ Debit Card
ATM's
Internet Banking
Phone Banking
Online Trading
Mobile Banking
Call Centre
Call Centre
Call Centre
Transformation / Innovations / Trends
1
BUSINESS TRENDS & INNOVATIONS
• Innovation in Business Models.
• Focus on Digital customer experience enhancements.
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• Accelerating Automation and resilience.
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• Ecosystem-led Innovation
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• Channel Innovation
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• Sustainability & ESG Initiatives.
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• Process Innovation.
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• Product Innovation
2
TECHNOLOGY TRENDS & INNOVATIONS
• Banking as a Service (BaaS) and embedded finance.
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• Transforming Decision Making-Data Excellence with ML and AI Integration.
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• Cybersecurity and Data privacy.
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• Cloud Adoption and SaaS offerings.
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• Open Banking and API-driven Integration.
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• Microservice based architecture.
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• Advanced analytics and reporting.
Key Features
Modular Architecture
Cloud Capabilities
Multi Currency & Multilingual Support
Comprehensive Product Suite
Integrated Channels
Platform Agnostic
Analytics & Reporting
Open API
Work Flow Management
Regulatory & Compliance
User Friendly Interface
