CHICAGO—BAI and Finacle™ from Infosys announce the launch of a prestigious new     global awards program to recognize and support innovation in the retail banking industry. The 2011 BAI – Finacle Global Banking Innovation     Awards highlight the best in class organizations from around the     world that demonstrate breakthrough innovation that positively impacts     customers and organizational profitability. The awards program provides     a unique platform for innovators to gain worldwide visibility as leaders     in transforming the retail banking industry.

The global awards program is designed specifically to honor banks for     game-changing products, services, practices and other achievements.      Leading organizations from around the world will compete for the     prestigious recognition. Nominations will be solicited from across the     globe – the Americas, Europe, Middle East and Africa (MEA) and Asia     Pacific (APAC).

Award winners and finalists will be banks that are distinguished for     their accomplishments in key categories:

  • Product Innovation Award recognizes a new product that has       excited customers, created new revenue opportunities or improved the       bank’s competitiveness in the market
  • Service Innovation Award recognizes excellence in providing an       integrated customer experience across channels including mobile,      online, social media and branch.
  • Disruptive Innovation Award recognizes global impact in terms       of redefining business-as-usual in retail banking. Disruptive       innovations are radical in nature.
  • Most Innovative Bank of the Year Award recognizes an ongoing       commitment to innovation and the advancement of retail banking. The       top nominations from the other three categories are eligible to       receive this award.

Award winners and finalists will be honored at a special ceremony and     luncheon at BAI Retail Delivery 2011 to be held in Chicago, October 11 -      13, 2011. This annual conference and expo is the retail banking     industry’s premier event, drawing hundreds of exhibitors and thousands     of senior-level bank executives from more than 50 countries.

“Innovation is so vital to the retail banking industry,” says Debbie     Bianucci, president and chief executive officer of BAI, “particularly as banks look for fresh, new ways to enhance the customer     experience to expand customer relationships and build loyalty with     existing customers while attracting new ones. This global awards program     will give banks a robust platform to spotlight their innovations and to     learn from what other organizations around the world are doing. The     inaugural year of the program is an exciting time as energy builds     around the creativity and originality shown by the participants.”

According to Haragopal Mangipudi, Global Head - Finacle™, Infosys, “In     an increasingly competitive environment, innovation will be the core     engine for future growth. As banks prepare to capitalize on the     opportunities unleashed by the digital economy, rapid innovation will     drive consumer engagement and competitive differentiation. As innovation     partner for global banks, Finacle is proud to unveil this award along     with BAI and reinforce our continued commitment to foster new thinking     and applaud banking innovation.”

Nominations can be submitted by banks, solutions providers, industry     partners and others, but only banks are eligible to receive the awards.      The call for global nominations begins today and can be submitted online     at www.baiglobalinnovations.com,      until August 19, 2011. All nominations are reviewed by the Innovation     Circle Judging Panel, a distinguished group of prominent industry     analysts, consultants, academics and retail banking professionals from     around the world. This objective, third-party panel is responsible for     selecting the finalists and winners.

Banks, solutions providers and others wishing to learn more about BAI-Finacle     Global Banking Innovation Awards 2011, please visit www.baiglobalinnovations.com

About BAI

BAI is the financial services industry’s partner for breakthrough     information and intelligence needed to innovate and stay relevant in an     evolving marketplace. For more than 85 years, BAI has focused on     advancing the industry by offering unbiased education and research.      BAI’s offerings are as diverse as the industry, and include premier     events such as BAI Retail Delivery Conference & Expo, groundbreaking     research and performance metrics, professional learning and development     programs, and in-depth editorial coverage through BAI Banking     Strategies. For more information, go to www.BAI.org.      Follow BAI on Twitter @BAI_Info, #bankinginnovation

About Finacle™ Universal Banking Solution

Finacle from Infosys partners with banks to power-up their innovation     agenda, enabling them to differentiate their products and service,      enhance customer experience and achieve greater operational efficiency.      This proven and effective… framework for multi-disciplinary change,      enables banks to shift their strategic and operational priorities.

Finacle solutions address the core banking, e-banking, Islamic banking,      treasury, wealth management and CRM requirements of retail, corporate     and universal banks worldwide. Several powerful and differentiating     features make Finacle one of the most comprehensive, flexible and     scalable universal banking solutions 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. For more information, visit www.infosys.com/finacle

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