Infosys Technologies, an Indian technology company, has launched its so-called “FinacleT Direct Banking Solution,” which supports the delivery of a range of assets and liabilities solutions, through the Internet, for mobile or call center channels.

 

Officials at Infosys (News - Alert) say that the company also offers complete operational partnership along with the solution including consulting, implementation, and BPO.

 

Two leading global banks have already chosen FinacleT Direct Banking Solution to take advantage of the disruptive direct banking business paradigm, according to Infosys.

 

According to the company officilas FinacleT Direct Banking Solution along with surround services presents banks a cost-effective entry strategy for business expansion into new geographies, and network expansion in existing markets.

 

It is also an effective engine for demand generation through online sales enablers, to drive customer acquisition and extend the branchless bank’s outreach.

 

“FinacleT Direct Banking Solution aims to address the growing demand amongst banks of rapid customer acquisition and business expansion at minimal incremental costs. We are delighted that two leading global banks have already reposed their trust in this state-of-the-art offering,” said one official with Finacle.

 

The solution comes with complete pre-configured parameters and supports multi-lingual call-centre operations, helping banks to implement a direct banking offering in a short period of time.

 

FinacleT from Infosys provides solutions and services that enable a shift in their strategic and operational priorities.

 

The offerings address the comprehensive technology-led business transformation requirements of retail, corporate and universal banks worldwide by maximizing their opportunities for growth, while minimizing the risks that come with such large scale transformation.

 

Meanwhile, Infosys has also announced introduction of its iTransform Product Suite, which delivers an end-to-end offering for managing the transitions to the 5010 version of the HIPAA standard transactions and ICD-10 coding systems.

 

By taking a comprehensive approach for assessment and remediation, and automating a significant amount of the transition exercise, based on prototype results the iTransform Product Suite, the company officials claimed, can help healthcare payers and providers save up to 50 percent of the cost and up to 50 percent of the duration to make the transitions compared to the manual process and remediation.

 

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