INFOSYS SUCCESSFULLY DEPLOYS FINACLE FOR ANZ IN LAOS

from Infosys Australia

22/Jul/2008 00:00

Melbourne, Australia: Tuesday 22 July 2008 - Infosys has successfully implemented its Finacle Universal Banking Solution for ANZ in Laos (ANZV). It marks the first milestone in the multi-country deployment planned by ANZ over the next three years.

Infosys implemented Finacle in the record time of just 180 days, making ANZV the first bank to receive the latest version of the platform – Finacle v10 – which features revolutionary web based awareness technology and SOA architecture.

Infosys Australia Chief Executive Officer, Gary Ebeyan described the successful implementation as a great example of its ability to partner successfully with a bank operating in multiple geographies. "We are very pleased to be working with ANZ to help it achieve its goal of implementing a core banking solution throughout Asia," Ebeyan said.

"Considerable planning was undertaken to ensure all aspects of the project were managed effectively. This saw Finacle delivered in record time using a tailored version of our Global Delivery Model, whereby the ANZ and Infosys teams worked together offshore."

Finacle will give ANZV's customers access to real-time account balances, faster account processing and an expanded range of products and services including electronic options and debit cards.

ANZ Group Managing Director, Operations, Technology and Shared Services, David Cartwright said: "Technology is key to ANZ's aspiration to become a super regional bank. Implementation of a new core banking platform is crucial to our plans to grow our business and provide leading products and services to our customers in Asia Pacific."

Finacle, Infosys Technologies business head, Haragopal M said: "We are delighted to help ANZ implement a core banking solution throughout Asia. The Asia Pacific is a market of strategic focus for Finacle and we look forward to closely working with ANZ to to provide a core banking solution that supports their growth plans in the region." The Finacle platform is also currently used by ANZ in Australia.

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Media enquiries:

Caroline Siler and Helen Martin

Keep Left PR on behalf of Infosys Australia

Tel: +61 3 9510 3910 Mob: +61 402 046 826 / +61 401 265 507

Email: caroline@keepleftpr.com.au / helen@keepleftpr.com.au

About Finacle

As a leader in banking transformation, Finacle has a global footprint across 60 countries and has been acknowledged by top analysts including Gartner, Forrester and Celent among the leaders in the core banking solution space. Finacle is also the winner of a series of awards for its innovation and implementation capabilities, the most notable ones being The Banker Technology Award and The Asian Banker IT Implementation Award.

About Infosys Technologies Ltd.

Infosys Technologies Ltd. (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. Infosys creates these solutions for its clients by leveraging its domain and business expertise along with a complete range of services. 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 91,000 employees in over 40 offices worldwide. Infosys is part of the NASDAQ-100 Index. For more information, visit www.infosys.com

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