Infosys, a global leader in consulting, technology, outsourcing and next-generation services, today announced the launch of the Finacle SME Enable to help banks enhance support and service for their small and medium business enterprise (SME) customers.

The first-of-its-kind, mobile-based financial and business management solution is exclusively designed to help SMEs not only experience banking services on the move, but also manage their business operations efficiently.

Michael Reh, senior vice president and global head, Finacle, Infosys said, ''SMEs today constitute a significant share of gross domestic product (GDP). Convenient banking services as well as agile and cost-efficient operations are key growth drivers for this segment. Banks have a great opportunity to gain a loyal customer base in this segment by providing relevant digital banking solutions, along with an integrated support for their business needs. Finacle SME Enable fits right into this niche and can be a game changer for banks.''

Shares of the company declined Rs 16.05, or 1.6%, to trade at Rs 990.05. The total volume of shares traded was 196,900 at the BSE (3.17 p.m., Monday).