Infosys announced Finacle : Banking Software for SMEs

On Monday Infosys Ltd unveiled a financial software solution it coded for helping banks to support and serve their small and medium enterprise (SME) customers.

The global software major said in a statement :

"Our mobile-based financial and business management solution is designed to help SMEs experience banking services on the move and manage their business operations efficiently,"

Finacle SME Enable solution, allows SMEs to access their account information at real-time and also provides tools to manage their daily business operations in a self-service mode.

Infosys vice-president Michael Reh said :

"As SMEs contribute significantly to the national gross domestic product, convenient banking services and cost-efficient operations are key growth drivers for this segment," 

"Our solution will enable SMEs grow businesses through features such as enterprise setup, automated banking transactions in supply chain, credit management, social connect, integrated alerts/analytical tools for financial management, and channels to seek expert advice," 

Banks will have an opportunity to get a loyal customer base in this segment by providing digital banking solutions, along with an integrated support for their business needs.

Integration of the Infosys TradeEdge, a cloud-based retail trade platform, with the SME solution will also help SME clients obtain visibility into their inventories and sales transactions.

"For banks, this will mean a reduction in time and effort required to serve SME customers," Reh added 

Regards :  Software Company