Infosys Finacle Names EnterpriseDB 'Open Stack Partner of the Year'
EDB Postgres is recognized for enabling banks with greater agility to power growth.
PUNE, India, Jan. 30, 2018 /PRNewswire/ -- EnterpriseDB® (EDB™), the database platform company for digital business, today announced that Infosys Finacle, from EdgeVerve Systems, a wholly owned subsidiary of Infosys (NYSE: INFY), honored EDB with its "Open Stack Partner of the Year" award. The recognition was announced during the annual Infosys Finacle Global Partner Meet 2017 in Mysore, India.
"Infosys Finacle is supporting banks in their modernization journey to better engage with consumers and realize greater operational efficiencies," said Graham Pullen, Vice President, Sales, Asia Pacific and Japan, EDB. "Implementing Finacle with EDB Postgres provides improved flexibility to banking customers thereby accelerating their innovation capabilities while strengthening their competitive position."
The Finacle Core Banking Solution is a suite of integrated banking solutions used by banks across 94 countries and serving over 848 million customers. Infosys Finacle partnered with EDB to migrate the Finacle solution onto an open stack and provide its customers with an enterprise-class open source database alternative. EDB is the leader in enterprise Postgres with a tested and proven database, offering enterprise capabilities necessary to manage multi-model data, connect with existing systems, and deploy rapidly across multiple environments. Multiple Finacle modules have already been migrated to EDB Postgres and are being implemented at financial institutions in Asia.
"Differentiation is crucial in a highly competitive industry like banking. Hence, solutions which enable greater innovation, flexibility, and efficiency are in high demand," said Deepak N Hoshing, Vice President and Head of Product Architecture, Infosys Finacle. "With EDB Postgres as an integral partner in the open source stack, our customers have yet another option to adopt an extremely agile and efficient solution."
To learn more about EDB Postgres and how EDB supports independent software vendors, send an email to [email protected].
About EnterpriseDB Corporation
EnterpriseDB® (EDB™), the database platform company for digital business, delivers the premier open source-based data platform for new applications, cloud re-platforming, application modernization, and legacy migration. EnterpriseDB integrates with enterprise technologies and infrastructures for hybrid cloud management, data integration, and data warehousing. Our customers benefit from the highest performing, most reliable, flexible, open, and cost-effective data management platform available. EnterpriseDB is based in Bedford, Massachusetts. For more information, visit www.EnterpriseDB.com.
About Infosys Finacle
Finacle is the industry-leading universal banking solution from EdgeVerve Systems, a wholly owned product 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 94 countries, and serves over 848 million consumers – estimated to be nearly 16.5 percent of the world's adult banked population. Over a billion bank accounts are powered by Finacle globally.
Finacle solutions address core banking, online banking, mobile banking, payments, treasury, origination, liquidity management, Islamic banking, wealth management, and analytics needs of financial institutions worldwide. Assessment of the top 1000 banks in the world reveals that institutions powered by Finacle enjoy 50% higher returns on assets, 30% higher returns on capital, and 8.1% points lesser costs to income than others.
To know more, visit www.finacle.com
EnterpriseDB is a registered trademark of EnterpriseDB Corporation. EDB and EDB Postgres are trademarks of EnterpriseDB Corporation. Other trademarks may be trademarks of their respective owners.
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