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Sun and Infosys Announce Banking Alliance

By Wayne Kawamoto (Send Email)
Posted Sep 20, 2002


Sun Microsystems and Infosys Technologies announced a global strategic alliance to jointly market a new generation technology platform to address end-to-end enterprise banking and transaction intensive network computing requirements in the global banking industry. Per the agreement, Sun's technologies will power Infosys' Finacle - Enterprise Banking E-platform, suite of banking products including: Finacle Core Banking, Finacle Treasury, Finacle eChannels, Finacle eCorporate and Finacle CRM. Sun Microsystems and Infosys join forces to provide a flexible, new-generation technology platform for banking customers.

By combining forces, Sun and Infosys aim to offer banking customers an agile, scalable solution that lowers total cost of ownership and accelerates time to market. The system promises features such as 24X7 banking, straight through processing (STP) workflow automation, personalized and consistent multi-channel customer experience and unified customer view. Infosys' Finacle suite will support the Sun Open Net Environment (Sun ONE) platform for delivering services on demand.

The Sun and Infosys alliance aims to deliver superior value to mutual clients through joint marketing and technology initiatives including: organizing events, benchmarking, retail banking architecture solutions, optimized high throughput banking solutions and R&D on emerging technologies in the banking space. In addition, mutual clients should be able to test proof-of-concept banking solutions in Sun's iForce Ready Centers to achieve decreased costs, lower risk and quicker time to market.

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