![]() ![]() "The product was thus seen as rigid and not user-friendly," the executive added. “In banks, you will have specific set of processes that are being automated and others like HR that are manual as integrating the two was not possible,” the executive added. For one, banks found it difficult to customise Finacle’s functionalities based on their needs.Īnother issue was the integration of non-financial processes of banks with the financial processes automated by Finacle, the executive pointed out. “Back in 1999 or early 2000s, the concept of automating banking processes was new and there was a lot of euphoria around it,” a former IT executive with a rival firm, who has also worked with Finacle’s banking customers, said.īut once banks got past the euphoria, there was the harsh reality. The product competes with Temenos, a Swiss company, Oracle i-Flex and TCS’ BaNCS for digital banking. Over the last few years, the company rebuilt it portfolio to suit the changing technological and customer needs, making it relevant for financial services. Unlocking opportunities in Metal and Mining.Commodity Ki Paathshala Pharma Industry Conclave. ![]() India Inc On The Move Sustainability 100+.Interview Series Business In The Week Ahead. ![]()
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