BENGALURU, India, Oct. 30,
2024 /PRNewswire/ -- Infosys Finacle, part of
EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NSE:
INFY), (BSE: INFY), (NYSE: INFY), today announced the launch of the
Finacle Data and AI Suite, a set of solutions to empower banks to
infuse AI into their digital operations and accelerate their
enterprise AI journey. The suite will offer a comprehensive set of
platforms that enable banks to build low-code, predictive as well
as generative AI solutions from the ground up with high
transparency and explainability. It will help banks scale their
data readiness, industrialize AI model development, apply
generative AI technologies, and deliver actionable insights across
their entire ecosystem.
The Finacle Data and AI Suite is a part of Infosys Topaz –
an AI-first set of offerings using generative AI technologies and
steered by a 'responsible by design' approach that ensures strong
standards of AI ethics, trust, privacy, security and regulatory
compliance. The suite consists of three components.
- Finacle Data Platform: It includes an automated data
pipeline to clean, transform, and deliver data for AI and other
organizational requirements. This sits alongside a modular data
lakehouse with BIAN (Banking Industry Architecture Network)
inspired data models and domain-specific data marts for rapid,
interoperable access.
- Finacle AI Platform: It allows banks to build, train,
deploy, monitor, and optimize AI solutions from a unified
interface. It features a wide range of pre-trained models and ML
techniques, combined with a no-code, generative AI-driven approach,
allowing both technical and business users to rapidly create
explainable AI solutions. The platform's extensive library of
pre-built use cases facilitates seamless AI integration into
various business processes and user journeys. Features such as
model comparators, what-if simulations and pattern analysis, help
refine and elevate modelling sophistication. The platform promotes
responsible AI practices with capabilities for detecting biases and
drifts and includes a patent-pending synthetic data generation
feature to safeguard data privacy during training.
- Finacle Generative AI Offerings: These encompass a
diverse range of AI assistants designed for both enterprise and
customer-centric applications, including the Finacle Knowledge AI
Assistant, designed to facilitate NLP-based information extraction
from document repositories, and the Finacle Support AI Assistant,
which enhances ticket resolution for support teams. Additionally,
generative AI technology plays a foundational role in Finacle AI
Platform, empowering users with an interactive interface to select
and build the right models for their AI use cases.
Sajit Vijayakumar, Chief
Business Officer and Global Head, Infosys Finacle,
said, "AI is transforming banking by redefining the future of
customer experience, risk management, and decision-making. By
leveraging data at scale, AI empowers banks to anticipate needs,
personalize solutions, and drive growth with unprecedented agility.
We are excited to introduce the Finacle Data and AI Suite as a
definitive solution for banks seeking to harness the power of AI.
The Finacle Data Platform lays out a robust data foundation, and
the Finacle AI Platform abstracts the complexities of AI
development, putting power in the hands of banks' business teams to
unlock the true potential of AI."
"Finacle's cutting-edge AI Suite for the banking industry
harnesses the power of Microsoft Azure and Azure OpenAI Service to
enable banks to scale AI initiatives and drive innovation across
critical areas such as customer interactions, operations, and
strategic decision-making," said Marianne Roling, Vice President, Systems
Integrators, Microsoft. "By leveraging AI, Infosys Finacle is
laying the groundwork for a smarter, more agile, and resilient
banking ecosystem."
Jerry Silva, Program Vice
President, IDC Financial Insights, said, "AI-fueled business is
the next revolution in the financial services industry. But success
will be predicated on how quickly banks can integrate AI into their
operations while maintaining governance and compliance. While
generative AI has raised the urgency for adoption, long-term
differentiation will come from a strong commitment to robust data
readiness and responsible AI practice. Platforms like Finacle Data
and AI Suite can support the banks' goals of faster adoption of AI
as a tool to respond quickly and effectively in a fast-evolving
landscape."
About Infosys Finacle
Finacle is an industry leader in digital banking solutions. We
are a unit of EdgeVerve Systems, a wholly-owned product subsidiary
of Infosys (NSE, BSE, NYSE: INFY). We partner with emerging and
established financial institutions to help inspire better banking.
Our cloud-native solution suite and SaaS services help banks
engage, innovate, operate, and transform better to scale digital
transformation with confidence. Finacle solutions address the core
banking, lending, digital engagement, payments, cash management,
wealth management, treasury, analytics, AI, and blockchain
requirements of financial institutions. Today, banks in over
100 countries rely on Finacle to help more than a billion
people and millions of businesses to save, pay, borrow, and invest
better. For more information, visit www.finacle.com.
Safe Harbor
Certain statements in this release concerning our future growth
prospects, or our future financial or operating performance, are
forward-looking statements intended to qualify for the 'safe
harbor' under the Private Securities Litigation Reform Act of 1995,
which involve a number of risks and uncertainties that could cause
actual results or outcomes to differ materially from those in such
forward-looking statements. The risks and uncertainties relating to
these statements include, but are not limited to, risks and
uncertainties regarding the execution of our business strategy,
increased competition for talent, our ability to attract and retain
personnel, increase in wages, investments to reskill our employees,
our ability to effectively implement a hybrid work model, economic
uncertainties and geo-political situations, technological
disruptions and innovations such as Generative AI, the complex and
evolving regulatory landscape including immigration regulation
changes, our ESG vision, our capital allocation policy and
expectations concerning our market position, future operations,
margins, profitability, liquidity, capital resources, our corporate
actions including acquisitions, and cybersecurity matters.
Important factors that may cause actual results or outcomes to
differ from those implied by the forward-looking statements are
discussed in more detail in our US Securities and Exchange
Commission filings including our Annual Report on Form 20-F for the
fiscal year ended March 31, 2024.
These filings are available at www.sec.gov. Infosys may, from time
to time, make additional written and oral forward-looking
statements, including statements contained in the Company's filings
with the Securities and Exchange Commission and our reports to
shareholders. The Company does not undertake to update any
forward-looking statements that may be made from time to time by or
on behalf of the Company unless it is required by law.
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