The Infosys Finacle business value articulation survey revealed that banks using the multichannel functionality of finacle core banking solution have reduced average transaction costs across channels by over 35%.
The survey also showed that Finacle helped to reduce the effort to roll out innovative products and services by an average of 37% and create new revenues streams for banks.new revenues streams for banks.
Haragopal M, senior vice president and global head, Finacle, Infosys, "It is heartening to see our clients realize and articulate the significant business benefits delivered by Finacle. The fact that this benefit was seen by our key customers across business metrics of cost to income ratio, customer acquisition growth rates, cross-sell success ratios, and returns on deployed assets, is extremely important to us."
Shares of the company declined Rs 23.1, or 0.69%, to trade at Rs 3,315.50. The total volume of shares traded was 29,339 at the BSE (3.49 p.m., Friday).