Infosys Technologies’ banking solution, Finacle, has been chosen by State Bank of India (SBI) – the largest commercial bank in India – to provide core banking, e-banking and treasury solutions across operations in 20 countries. Finacle will replace the current disparate systems across SBI’s international operations and is expected to enable SBI to streamline and consolidate its technology infrastructure across international operations. The deployment is expected to be completed in 12 months and spread across three global data centres in the USA, the UK and India. Shri AK Purwar, chairman at SBI, said: ‘SBI has always been a pioneer in the Indian banking sector and we have aggressive plans to increase our product offerings across the globe. We are sure that Infosys will help us in our aggressive multi-country roll out plans.’
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