FINACLE LITE Right-sized technology to suit your needs The size of a financial institution matters less in an information-driven environment. Banks that can innovate and respond to the needs of their customers with speed can play at par with larger banks by providing innovative products and services. Many smaller, agile banks have demonstrated that the number of accounts or size of the asset base does not determine the ability to compete. It is the business strategy backed with strong and reliable technology. To compete and grow, these institutions (segment three and four banks) are aware of the need for a world-class technology environment; that is powerful and agile to resist and overcome the challenges posed by the dynamic internal and external business environment. FinacleLite empowers such banks in implementing the industry best practices, range of innovative products and services. Some of the world’s largest banks are powered by Finacle. Many of the world’s best segment three and four banks will be powered by Finacle Lite.
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FINACLE LITE
Right-sized technology to suit your needs The size of a financial institution matters less in an information-driven environment. Banks that can innovate and respond to the needs
of their customers with speed can play at par with larger banks by providing innovative products and services. Many smaller, agile
banks have demonstrated that the number of accounts or size of the asset base does not determine the ability to compete. It is the
business strategy backed with strong and reliable technology.
To compete and grow, these institutions (segment three and four banks) are aware of the need for a world-class technology
environment; that is powerful and agile to resist and overcome the challenges posed by the dynamic internal and external business
environment. FinacleLite empowers such banks in implementing the industry best practices, range of innovative products and services.
Some of the world’s largest banks are powered by Finacle. Many of the world’s best segment three and four banks will be powered by
Finacle Lite.
Finacle Lite
Finacle Lite is a pre-configured, ready-
to-deploy core banking solution built on
a state-of-the-art technology platform.
By providing a framework based on
Finacle core banking solution, Finacle
Lite assimilates award-winning banking
technology used around the globe, with
the right pricing and business model
that can scale to the needs of smaller
institutions. It provides a comprehensive
banking solution on a ‘private community
cloud’ environment, specifically tailored
to address the core banking requirements
of medium and smaller sized banks. This
integrated solution provides the right
handles that accelerate innovation in core
banking processes across business product
lines, entities and currencies. It supports a
wide array of financial product offerings in
consumer banking, wealth management,
corporate banking and trade finance.
Finacle Lite does more than just
provide saleable and market-proven
financial products. It automates critical
functions such as customer acquisition,
multi-currency transactions, real-time
transactional support and regulatory
reporting. The solution has been built to
sustain high-volume transactions across
channels with speed, agility and flexibility.
The Finacle Lite infrastructure facilitates
a range of banking services through a
variety of channels including the Web and
smartphone technology, allowing you to
reach customers in new ways. Feature-
rich functionalities can be delivered in
a scalable way because of how ‘light’
Finacle Lite really is. It is differentiated by
right-sized, highly efficient technology
infrastructure and provides applications
that have been maximized to make
available the greatest functionality with
the least amount of processing power.
By leveraging Finacle Lite through a
subscription-based model, financial
institutions can minimize capital
expenditures, lowering total cost of
ownership, while maintaining the same
level of application, data security and
regulatory compliance available to
all Finacle clients. The net result is a
system that can allow you to stand on
strong footing when competing with a
financial institution of any size, secure
in the knowledge that your technology
infrastructure is not only sized to your
organization, but employs the power of
Finacle, used by hundreds of banks of all
sizes around the world.
Finacle Lite delivers the power of an
industry leader for banks that have the
vision of building ‘tomorrow’s bank’.
Functional architectureBranch ATM/POS Internet IVR$
Mobile
Func
tion
alSe
rvic
es Standing Orders
Bill Payments Liquidity Management Clearing Limits/Collateral
Sweeps/Pooling Payment Systems Referral
24/7
Reporting Audit Multi-Calendar
Multilingual
Integration Framework
Access Control
Infr
astr
uctu
reCh
anne
ls
Customer Information File
Prod
uct
Fact
ory
Consumer Banking
Consumer Banking and Wealth Management Corporate Banking and Trade Finance
About Infosys FinacleFinacle is the industry-leading universal banking solution from EdgeVerve Systems, a wholly owned subsidiary of Infosys. The solution helps financial institutions develop deeper connections with stakeholders, power continuous innovation and accelerate growth in the digital world. Today, Finacle is the choice of banks across 84 countries and serves over 547 million customers – nearly 16.5 percent of the world’s adult banked population.
Finacle solutions address the core banking, e-banking, mobile banking, CRM, payments, treasury, origination, liquidity management, Islamic banking, wealth management, and analytics needs of financial institutions worldwide. Assessment of the top 1000 world banks reveals that banks powered by Finacle enjoy 50 percent higher returns on assets, 30 percent higher returns on capital, and 8.1 percent points lesser costs to income than others.