About Infosys Finacle

Finacle 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 core banking, e-banking, mobile banking, customer relationship management (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 % higher returns on assets, 30 % higher returns on capital, and 8.1 % points lesser costs to income than others.

For more information: www.finacle.com


About Efma

As a global not-for-profit organisation, Efma brings together more than 3,300 retail financial services companies from over 130 countries. With a membership base consisting of almost a third of all large retail banks worldwide, Efma has proven to be a valuable resource for the global industry, offering members exclusive access to a multitude of resources, databases, studies, articles, news feeds and publications. Efma also provides numerous networking opportunities through working groups, webinars and international meetings. True to its vocation, Efma has recently developed an Innovation portal which aims to identify and award the most innovative projects in the retail financial services arena.

For more information: www.efma.com


About the author

Michael Pearson is a strategy and corporate development expert with 25 years’ experience working for and advising financial institutions worldwide, developing new ventures, and investing in start-ups. Michael founded Clarus Investments in 2006 to advise financial institutions on strategy and to invest in early stage ventures. Michael is also the author of the Efma Yearbook, which is an analysis of trends in the global retail banking industry, and monitors the emergence of new players in retail financial services on behalf of Efma. Michael has an MBA from Harvard Business School.


About Infosys Finacle and Efma Partnership

Efma and Infosys Finacle have been conducting the annual research on ‘Innovation in retail banking’ that closely follows innovation trends on a global basis and the innovation practices being adopted by leading banks. More than a hundred banks from over fifty countries contribute to the research on an annual basis. The research tracks innovation investments, disruptive technologies, barriers to innovation and innovation best practices from the who’s who of the banking industry.

You can access the previous three reports below