MEDIA RELEASE PR37535
Societe Generale Leverages Finacle(TM) From Infosys to Rapidly Innovate and Grow in
China
SHANGHAI, Dec. 10/ PRNewswire-AsiaNet/ --
Infosys Technologies Ltd. and Societe Generale today announced
the successful implementation of Finacle(TM) core banking, CRM, wealth
management and consumer e-banking solution at Societe Generale (China)
Limited, the first French bank offering a wide range of corporate, private
and retail banking services in China. With Finacle(TM), Societe Generale's
customers in China will have the convenience of Internet banking along with
real-time access to account balances, and an expanded range of products and
services online.
The state-of-the-art Finacle(TM) solution implemented across
all branches of Societe Generale (China) Limited has enabled the bank to
embark on its ambitious retail growth and innovation agenda, with a highly
scalable and flexible technology engine. With the solution, Societe Generale
(China) Limited is able to offer its customers a wider range of banking
products and services. A central repository of customer data has enabled bank
staff to see a single, 360 degree view of the customer. Further, all channels
of communication of the bank - Internet, mobile, ATM, branch - are integrated
to provide customers more convenience.
Haragopal Mangipudi, Global Head- Finacle, Infosys
Technologies Limited, said, "We are delighted that Finacle has gone live at
Societe Generale (China) Limited and we are committed to supporting the bank
achieve its objective of becoming the preferred retail banking services
provider in China. China is strategically important for us with seven leading
global banks operating in the country already powered by Finacle. We look
forward to continue partnering with Societe Generale on their future
innovation and growth plans."
According to Jackson Cheung, Chief Executive Officer, Societe
Generale (China) Limited, "The right technology backbone, with the
scalability and flexibility to match our growth pace, is important for us at
this juncture to achieve competitive edge in the Chinese retail and corporate
banking market. We are confident that our partnership with Finacle from
Infosys will help us to grow our business and provide our customers with an
innovative banking experience."
Societe Generale (China) Limited is now using Finacle(TM) to
create more innovative wealth management products and also plans to use the
solution to enhance its customer acquisition strategy. As a leader in banking
transformation, Finacle(TM) has a global footprint across 64 countries and
has been acknowledged among the leaders in the core banking solution space by
top analysts including Gartner and Forrester. Finacle(TM) is also the winner
of a series of awards for its innovation and implementation capabilities, the
most notable ones being The Banker Technology Award, The Asian Banker IT
Implementation Award and The Banking Technology Judge's Special Award for
"Innovative Use of IT".
About Societe Generale
Societe Generale is one of the largest financial services
groups in the euro-zone. The Group employs 163,000 people worldwide in three
key businesses:
- Retail Banking & Financial Services: Societe Generale
serves more than 30 million individual customers worldwide.
- Global Investment Management & Services: Societe Generale is one of
the largest banks in the euro-zone in terms of assets under custody
(EUR 3 073 billion, September 2009) and under management
(EUR 348 billion, September 2009).
- Corporate & Investment Banking: Societe Generale tailors solutions for
its clients across sectors by capitalising on its worldwide expertise
in investment banking, global finance, and global markets.
Societe Generale is included in the socially-responsible
investment indexes: FTSE4Good and ASPI.
About Finacle(TM) Universal Banking Solution
Finacle from Infosys partners with banks to power-up their
innovation agenda, enabling them to differentiate their products and service,
enhance customer experience and achieve greater operational efficiency. This
proven and effective framework for multi-disciplinary change, enables banks
to shift their strategic and operational priorities.
Finacle solutions address the core banking, e-banking, Islamic banking,
treasury, wealth management and CRM requirements of retail, corporate and
universal banks worldwide.
Several powerful and differentiating features make Finacle one
of the most comprehensive, flexible and scalable universal banking solution
in its class. These solutions when associated with Finacle services empower
banks to maximize their opportunities for growth, while minimizing the risks
that come with large-scale business transformation. For more information,
About Infosys Technologies Ltd
Infosys (NASDAQ: INFY) defines, designs and delivers
IT-enabled business solutions that help Global 2000 companies win in a Flat
World. These solutions focus on providing strategic differentiation and
operational superiority to clients. With Infosys, clients are assured of a
transparent business partner, world-class processes, speed of execution and
the power to stretch their IT budget by leveraging the Global Delivery Model
that Infosys pioneered. Infosys has over 104,000 employees in over 50 offices
worldwide. Infosys is part of the NASDAQ-100 Index and The Global Dow. For
Infosys Technologies Ltd - Safe Harbor
Statements in connection with this release may include
forward-looking statements within the meaning of US Securities laws intended
to qualify for the "safe harbor" under the Private Securities Litigation
Reform Act. These forward-looking statements are subject to risks and
uncertainties including those described in our SEC filings available at
ended March 31 2009 and our other recent filings, and actual results may
differ materially from those projected by forward-looking statements. We may
make additional written and oral forward-looking statements but do not
undertake, and disclaim any obligation, to update them.
For more information please contact:
Infosys Press Office - Bangalore Societe Generale (China) Limited
Sujeet Pramanik Press Office
Infosys Technologies Limited Alexis Wu
+91-80-4105-7551 Societe Generale (China) Limited
sujeet_pramanik@infosys.com alexis.wu@socgen.com.cn
Infosys Press Office - Shanghai
Adelaide Lin
Infosys Technologies (China) Co., Ltd.
+86-21-58843436
Adelaide_Lin@infosys.com
Infosys Press Office - London
Shamima Begum
Golin Harris
+44(0)20-7067-0469
sbegum@golinharris.com
Infosys Press Office - New York
Sapana Shende
BitePR
+1-510-396-0416
sapana.shende@bitecommunications.com
SOURCE: Infosys Technologies Limited
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