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Vishwanath Kulkarni

The company is also in the process of fine-tuning Finacle by enhancing it with several new features in a bid to tap the developed markets such as the UK and the US.

Bangalore , Oct. 26

AS part of its plans to break into the Greater China market, consisting of mainland China, Hong Kong and Taiwan, Infosys Technologies is looking at localising its banking product suite Finacle at its proposed software development subsidiary in China.

Infosys, which recently signed ABN Amro Bank as its first customer for Finacle in Greater China, saw enormous potential in the region, said Mr Girish Vaidya, the company's senior Vice-President and head of banking business unit.

"Language is a major challenge in China and we look forward to working with the Infosys' proposed software development subsidiary on localising the product," Mr Vaidya said.

The banking business unit expects to leverage on strengths of Infosys' services business in banking and financial services to tap the Chinese market, he added.

Infosys had recently said that it planned to invest $5 million in the proposed Chinese subsidiary.

The company is also in the process of fine-tuning Finacle by enhancing it with several new features in a bid to tap the developed markets such as the UK and the US.

"We have recently worked with consultants such as the Tower Group, the Peppers & Rogers Group and Celent Communications to understand the market needs and emerging trends in banking in the developed countries," Mr Vaidya said.

Infosys was initially looking at targeting the European market and might look at the US market at a later date, Mr Vaidya said, even while declining to comment on the timeline as to when the company would hit the European shores with Finacle.

However, Mr Vaidya said the fine-tuning process of Finacle was on and the beta version with enhanced features would be ready by the year-end.

Mr Vaidya declined to comment as to what enhanced features the company would be adding to Finacle.

Recently, Finacle has emerged as the world's most scaleable open systems-based core banking solution, he said.

According to a benchmarking exercise conducted on the HP Superdome server at the HP Capacity Planning Centre in Atlanta, Finacle outperformed all previous benchmarks by executing 16 million transactions per hour in an online mode and over 13 million interest accrual transactions per hour in the batch mode.

Ernst & Young audited the process and results, he said.

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