Infosys' Finacle signs two major deals

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Infosys' Finacle signs two major deals
Bangalore: Infosys' Finacle banking solutions bagged two major clients in Europe and North America for direct banking software product. Haragopal M, Infosys Technologies (Finacle) Head says, "We signed up two major deals. In this kind of market condition a solution like direct banking is compelling proposition for the advanced market." Direct banking is a comprehensive solution for banks to directly acquire, track and service customers, through the internet, mobile or call center channels, in the complete absence of a brick and mortar infrastructure. Haragopal said, "Built on new-generation technology, it provides a platform that supports the full-fledged delivery of a comprehensive range of assets and liabilities solutions, facilitated through direct access to the customer 365 days a year." In the quarter ended June 30, performance of Finacle, revenues of the company remained flat at $45 million. During the quarter, Finacle succeeded in adding five customers and completing the implementation of six projects.

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