FINACLE LITE

Right-sized technology to suit your needs The size of a financial institution matters less in an information-driven environment. Banks that can innovate and respond to the needs

of their customers with speed can play at par with larger banks by providing innovative products and services. Many smaller, agile

banks have demonstrated that the number of accounts or size of the asset base does not determine the ability to compete. It is the

business strategy backed with strong and reliable technology.

To compete and grow, these institutions (segment three and four banks) are aware of the need for a world-class technology

environment; that is powerful and agile to resist and overcome the challenges posed by the dynamic internal and external business

environment. FinacleLite empowers such banks in implementing the industry best practices, range of innovative products and services.

Some of the world’s largest banks are powered by Finacle. Many of the world’s best segment three and four banks will be powered by

Finacle Lite.

Finacle Lite

Finacle Lite is a pre-configured, ready-

to-deploy core banking solution built on

a state-of-the-art technology platform.

By providing a framework based on

Finacle core banking solution, Finacle

Lite assimilates award-winning banking

technology used around the globe, with

the right pricing and business model

that can scale to the needs of smaller

institutions. It provides a comprehensive

banking solution on a ‘private community

cloud’ environment, specifically tailored

to address the core banking requirements

of medium and smaller sized banks. This

integrated solution provides the right

handles that accelerate innovation in core

banking processes across business product

lines, entities and currencies. It supports a

wide array of financial product offerings in

consumer banking, wealth management,

corporate banking and trade finance.

Finacle Lite does more than just

provide saleable and market-proven

financial products. It automates critical

functions such as customer acquisition,

multi-currency transactions, real-time

transactional support and regulatory

reporting. The solution has been built to

sustain high-volume transactions across

channels with speed, agility and flexibility.

The Finacle Lite infrastructure facilitates

a range of banking services through a

variety of channels including the Web and

smartphone technology, allowing you to

reach customers in new ways. Feature-

rich functionalities can be delivered in

a scalable way because of how ‘light’

Finacle Lite really is. It is differentiated by

right-sized, highly efficient technology

infrastructure and provides applications

that have been maximized to make

available the greatest functionality with

the least amount of processing power.

By leveraging Finacle Lite through a

subscription-based model, financial

institutions can minimize capital

expenditures, lowering total cost of

ownership, while maintaining the same

level of application, data security and

regulatory compliance available to

all Finacle clients. The net result is a

system that can allow you to stand on

strong footing when competing with a

financial institution of any size, secure

in the knowledge that your technology

infrastructure is not only sized to your

organization, but employs the power of

Finacle, used by hundreds of banks of all

sizes around the world.

Finacle Lite delivers the power of an

industry leader for banks that have the

vision of building ‘tomorrow’s bank’.

Functional architectureBranch ATM/POS Internet IVR$

Mobile

Func

tion

alSe

rvic

es Standing Orders

Bill Payments Liquidity Management Clearing Limits/Collateral

Sweeps/Pooling Payment Systems Referral

24/7

Reporting Audit Multi-Calendar

Multilingual

Integration Framework

Access Control

Infr

astr

uctu

reCh

anne

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Customer Information File

Prod

uct

Fact

ory

Consumer Banking

Consumer Banking and Wealth Management Corporate Banking and Trade Finance

Wealth Management Solution

Savings & Checking

Structured ProductsMutual Funds

Term Deposits

Mortgages Islamic Banking

Retail Loans

Corporate Banking

Trade Finance

Current/Overdrafts

Export/ImportFinancing

DocumentaryCredits Guarantees

Securitization Syndication

Commercial Lending Islamic Banking

Forward Contracts

Acc

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ing

Back

bone

General Ledger Multi-Currency Transaction Manager

Interest/Tax

Inventory Channel Rules Discounts/Preferential Pricing Signature Veri�cation

Exchange Rates Bank Management Fees/Charges

Reus

able

Busi

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Note: Some of the modules/channels require to be separately licensed.

External Document © 2016 EdgeVerve Systems Limited

Key modules

Finacle Lite combines the advantages

of a comprehensive offering and deep

functionality, but right-sized to the specific

needs of medium and small financial

businesses.

Core functions

The solution has the following core

functional modules with inbuilt products

• Consumer banking: deposits and

lending

• Wealth management

• Corporate banking: deposits and

lending

• Trade finance

• Foreign exchange

The core functions module streamlines

business functions by facilitating:

• Comprehensive integrated customer

information file

• Multi-currency product definition and

management

• Clearing and settlement of intra and

inter-bank transactions

• Multi-currency remittances

• Interest, fee and charges

• Trade finance services

• Inventory and standing orders

• Central limits and collateral

Functional infrastructure

The functional infrastructure layer presents

a wide range of support services with

comprehensive master data, a supporting

accounting layer, robust interest and fee

calculation engine and extensive reporting

tools in a real-time, online processing

environment. The accounting layer

supports real-time multi-currency updates

facilitating speedy transaction processing.

Business benefits

Reduced TCO

The ‘lightness’ of Finacle Lite is

foundation to its power. As a cloud-based

solution, savings are realized in people,

infrastructure, platform and the application

itself.

As a pre-configured solution, Finacle Lite

presents banks with the advantages of

the mission critical functions to accelerate

their innovation and time-to-market, while

minimizing the cost of deployment. This

translates into further savings without

the bank having to compromise on the

breadth of the offering. The solution’s

robust architecture and proven scalability

guarantee that the bank’s investment will

be protected and provide a cost-effective

solution that will create an agile and

flexible financial institution.

High efficiency and scalability

The solution empowers aggressive

business expansion, and can support

exponential growth in multiple markets,

without commensurate increase in

investment in technology. By leveraging

an elegant and powerful technology stack

and architecture, Finacle Lite can safely

and securely process large operational

volumes quickly and accurately with

Straight-Through-Processing (STP), which

will reduce operational costs.

Faster time-to-market

The pre-configured products and services

offer virtually an endless set of features

for banks to design and deploy across

any customer segment. The system

also empowers organizations to add

new products quickly and seamlessly,

and delight their customers with the

completeness of their financial relationship.

Finally, the user-friendly solution results

in reduced training times and, therefore,

reduced time-to-market.

Strong data security

Finacle Lite provides the utmost in data

security and storage, complete with back-up

and recovery options for business continuity

and disaster recovery. The application and

data security, high availability and regulatory

compliance are managed centrally.

External Document © 2016 EdgeVerve Systems Limited

www.finacle.comFor more information, contact finacle@edgeverve.com

©2016 EdgeVerve Systems Limited, a wholly owned subsidiary of Infosys, Bangalore, India. All Rights Reserved. This documentation is the sole property of EdgeVerve Systems Limited (“EdgeVerve”). EdgeVerve believes the information in this document or page is accurate as of its publication date; such information is subject to change without notice. EdgeVerve acknowledges the proprietary rights of other companies to the trademarks, product names and such other intellectual property rights mentioned in this document. This document is not for general distribution and is meant for use solely by the person or entity that it has been specifically issued to and can be used for the sole purpose it is intended to be used for as communicated by EdgeVerve in writing. Except as expressly permitted by EdgeVerve in writing, neither this documentation nor any part of it may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, printing, photocopying, recording or otherwise, without the prior written permission of EdgeVerve and/ or any named intellectual property rights holders under this document.

About Infosys FinacleFinacle is the industry-leading universal banking solution from EdgeVerve Systems, a wholly owned subsidiary of Infosys. The solution helps financial institutions develop deeper connections with stakeholders, power continuous innovation and accelerate growth in the digital world. Today, Finacle is the choice of banks across 84 countries and serves over 547 million customers – nearly 16.5 percent of the world’s adult banked population.

Finacle solutions address the core banking, e-banking, mobile banking, CRM, payments, treasury, origination, liquidity management, Islamic banking, wealth management, and analytics needs of financial institutions worldwide. Assessment of the top 1000 world banks reveals that banks powered by Finacle enjoy 50 percent higher returns on assets, 30 percent higher returns on capital, and 8.1 percent points lesser costs to income than others.