Recently released Forrester Wave report - retail banking Platforms Q4 2006, Finacle from Infosys emerged as a leader. Finacle stood out for its convincing strategy and a very sound current offering.

In this study, the first of its kind, comparing the retail banking platform market, Forrester evaluated five global retail banking platform vendors. These vendors were short-listed through a rigorous multi-criteria selection process that included an in-depth appraisal of their coverage of the Forrester banking functions map, forward-looking architectural approach, success in 2005, global delivery capability and platform commitment.

According to Forrester, "Infosys earns the top slot in the first Forrester Wave of retail banking platforms. Finacle is a good shortlist choice for banks that: need a banking platform with comprehensive functionality; want a strong multichannel solution as part of the banking platform; or are seeking an agile banking platform that is able to cope with changing business needs."

Source: 1

Prashanth Rai