Fiserv (ICBS), Misys (MidasPlus), Temenos (T24) etc. are the major International Core Banking Solution (application software) providers. Infosys (Finacle), I-flex (Flexcube) and TCS (FNS-BANCS) are the major players in the Indian market and Infrasoft (Omni Enterprise), Lasersoft
(Panacea) are surely going to be the other alternatives available to the Indian banks.
Infosys Technologies Ltd. Finacle is the universal banking solution from Infosys. The solution addresses the core banking, e-banking, treasury, wealth management, CRM, and cash management requirements of retail, corporate and universal banks worldwide. South Indian Bank, Punjab National Bank, ICICI Bank etc. are the major clients.
I-flex solutions Ltd. since late 2005 it is owned by Oracle (previously was controlled by Citigroup) and specializes in providing state-of-the-art information technology solutions to the Banking and Financial Services industry. FLEXCUBE is their CBS solution which is an end-to-end product suite for retail, consumer, corporate, investment and internet banking, asset management, and investor servicing. HDFC Bank, Syndicate Bank etc. are the major clients.
TCS FNS (Financial Network Services Limited) is an Australian developer and supplier of banking application software, operating in world markets. The company is owned by TCS since Q4 2005 and consistently has ranked in the top 20 full banking system suppliers. BANCS is their CBS application software which runs on multiple operating systems, is platform and database-independent; operates in a multi-lingual and multi-currency capacity and provides the features and functions necessary to automate a bank’s entire operations. State Bank of India is the major client.
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