Haragopal Mangipudi, Global Head - Finacle, adds, Several powerful and differentiating features make Finacle one of the most comprehensive, flexible and scalable universal banking solution in its class. These solutions when associated with Finacle services, empower banks to maximize their opportunities for growth, while minimizing the risks that come with large-scale business transformation.

He further opines, Finacle is the chosen solution in over 140 banks across 73 countries. Finacle is implemented across countries like the US, UK, UAE, Mainland China, Taiwan, Hong Kong, Saudi Arabia, Maldives, Mauritius, Nepal, Nigeria, Indonesia, Singapore, Uganda, Sri Lanka, Tanzania, Zimbabwe, Thailand, Philippines, Jamaica, Cayman Islands and India. Speaking on Mobile Bank-in-a-Box architecture, M. Haragopal, adds, Finacle mobile bank-in-a-box is an innovative, easily deployable and improved mobile banking solution. It's categorised into two distinct segments:

• Pre-configured - Having system and service parameters along with applicable values that correspond to the bank’s needs
• Pre-packaged - With essential products, services, application menu and external interfaces enabled through pluggable components

According to Mr. Haragopal, Finacle-Business Benefits includes;

• Lower TCO
  
  Finacle Lite is differentiated by its light infrastructure and application, on a private cloud environment, that creates savings in infrastructure and hardware costs for banks. As a pre-configured solution, Finacle Lite presents banks with the advantages of out-of-the-box features for a range of functions significantly minimizing deployment costs.
  
• Extended Multi-channel Reach
  
  Finacle Lite empowers co-operative banks, community banks and credit unions to expand their channel reach through ATMs, mobile and Internet banking. It can also be integrated with any IVR solution for phone banking. The solution supports 24X7 services delivering the promise of anywhere-anytime banking.
  
• High Efficiency and Scalability
  
  Finacle Lite supports aggressive business expansion, marked by exponential growth in user and transaction numbers, without mandating a corresponding increase in technology investments. Leveraging a superior technology build and architecture, Finacle Lite comes with the ability to process large operational volumes quickly and accurately increasing Straight-Through Processing (STP) rates and significantly driving down operational costs.
  
• Faster Time-to-Value
  
  Finacle Lite can be implemented within a minimal go-live time frame. Its pre-configured products and services offer a virtually unlimited spread of features for banks to design and deploy products across segments.
  
• Strong Data Security
  
  A private cloud environment ensures that Finacle Lite supports secured data storage with back-up and recovery options for business continuity and disaster recovery situations.

He said, he is very happy by the way market has embraced Finacle. He also said that, City Saving Bank, Philippines, has chosen Finacle™ core banking solution to power the bank’s strategic business transformation initiative. City Saving Bank is a thrift bank operating in the Philippines market for the past 45 years. The bank will replace its legacy system across its 29 branches and leverage Finacle™ core banking solution for its aggressive growth plans.