How they describe themselves: Finacle, part of the product company EdgeVerve Systems, a subsidiary of Infosys (NYSE: INFY), is a universal banking solution, and the choice of financial institutions across 94 countries and serves over 848 million customers – estimated to be nearly 16.5 percent of the world’s adult banked population. Over a billion bank accounts are powered by Finacle globally. Finacle solutions address the core banking, e-banking, mobile banking, CRM, payments, treasury, origination, liquidity management, Islamic banking, wealth management, and analytics needs of financial institutions worldwide.
How they describe their product/innovation:
Blockchain is arguably the greatest disruptor to the global financial system in a generation. The EdgeVerve Blockchain Framework for Financial Services is a permissioned ledger that allows banks to rapidly deploy blockchain based services for multiple business areas. The framework offers a distributed ledger that is enriched with the following services; banking specific such as trade finance and payments, technical services such as identity services, document management, smart contracts, analytics, notification services and transaction aggregation. The framework includes an API layer that supports extensibility and administrative tools. Banks can develop and rapidly deploy their own custom blockchain solutions along with the framework and scale solutions to meet national and international banking demands.
Product distribution strategy: Direct to Business (B2B)
Bus. Dev.: James Buckley, Director of Europe, email@example.com, +44 7464531582
Press: Gurpreet Binning, Head of Marketing, firstname.lastname@example.org, +44 7464531582
Sales: Max Pioppi, Head of Sales, email@example.com, +44 7342711201