Infosys Finacle Achieves New Global Benchmarks for Processing Banking
Transactions; Successfully Supports Over 1.9 Billion Customer Accounts on
Oracle SuperCluster
Finacle Can Process Six Times the Volume of Transactions Currently Processed by
the Entire US Banking System; Achieves Oracle SuperCluster Optimized Status
Bangalore April 9, 2014 - Infosys today announced that its Finacle core banking
solution(1) running on an Oracle SuperCluster engineered system(1) has set new
global benchmarks for the number of transactions processed across key banking
functions. In a test that was audited and reviewed by the global audit firm,
Ernst & Young, the solution supported over 1.9 billion(2) bank accounts with
near linear scalability - a number higher than the current population of China,
the most populous country in the world(3). The tests were conducted across a
mix of 12 business critical online transactions and batch processes. The
Finacle solution(1) was tested on an Oracle SuperCluster and Oracle SPARC T5
servers with Oracle Solaris 11 to determine its performance and scalability
parameters.
The test also saw Finacle processing 726 million effective transactions in four
hours, or over 50,000 average transactions per second, to manage workloads
comprising of multiple online transactions and customer touch points as well as
third party systems. This represents six times the daily volume of transactions
currently processed by the entire US banking system, based on industry
estimates of transaction volumes(4). These results highlight Finacle's
capabilities to help banks manage extremely large transaction volumes and cater
to a dynamically growing customer base at lower costs.
Key performance highlights (1):
* The Finacle core banking solution(1) processed interest accruals for over
one billion term deposit accounts in less than 87 minutes, or an average of
213,000 records per second
* The solution demonstrated its ability to manage large delivery channel
workloads by processing 204 million effective transactions in 35 minutes,
or an average of 97,000 effective transactions per second
* Interest payments to over 79 million savings accounts were processed in 32
minutes, or an average of 41,000 transactions per second
* The test was simulated on the Finacle database of over 49 terabytes having
over 205,000 branches and more than a million branch users
* Finacle's latest performance levels(1) have shown an improvement of three
to five times over its own earlier established benchmarks
Additionally, Infosys Finacle(1) has earned Oracle SuperCluster Optimized
status through Oracle PartnerNetwork (OPN), demonstrating that Finacle(1) has
been tested and tuned on Oracle SuperCluster to deliver speed, scalability and
reliability to customers. Infosys is a Diamond level member of Oracle
PartnerNetwork.
Quotes:
Haragopal M., Senior Vice President and Global Head - Finacle, Infosys:
"Efficient performance and robust scalability are critical requirements for
banks to manage growth globally. The current lab benchmarks demonstrate
Finacle's prowess in consistently processing large volumes of transactions
across critical banking functions. With Finacle, banks can now scale without
worrying about managing exponential increases in business volumes and
operational costs."
Stephen Greer, Analyst - Retail and Business Banking, Celent
"Infosys Finacle is, unsurprisingly, at the top of their game right now. This
benchmark further underlines Finacle's impressive capabilities. The last time
Celent recorded a scalability benchmark from core banking solution providers
was in 2012 for the large bank core banking solutions assessment. The current
lab benchmark numbers published by Infosys present significant results which
are better than data published by some leading industry players, demonstrating
that Finacle is one of the most scalable core banking solutions available. It's
no surprise that Finacle was the leader for sales in Celent's core banking
sales ranking for 2013. This is definitely an accomplishment and something
Celent will be watching going forward."
David Hicks, Vice President, Worldwide ISV, OEM and Java Business Development,
Oracle
"Oracle Exastack Optimized recognizes partners who have optimized their
solutions on a complete, integrated and cloud-ready infrastructure in order to
help them accelerate innovation, unlock new features and functionality, and
deliver superior value to users. By achieving Oracle SuperCluster Optimized
status, Infosys has demonstrated that its Finacle core banking solution is
tested and tuned to work with Oracle SuperCluster to help deliver performance,
scalability, and reliability to their customers. With the latest benchmark
figures achieved with Oracle SuperCluster, Finacle has demonstrated its ability
to support near linear growth in transaction volume and customer base for
retail banking."
Notes:
(1) Infosys Ltd., conducted a performance benchmark exercise of Finacle Core
Banking Solution version 10.2.13 (herein referred to as `Finacle') on Oracle
Solaris 11.1 operating system, Oracle T4/T5 servers at the web, JEE and
application layers. Further, Oracle RAC database was deployed on Oracle
SuperCluster, WebLogic Server 10.3.6 was deployed on JEE servers and Oracle
Http Server 11.1.1.6 was deployed on Web servers for online transaction
processing mix of 12 business critical transactions
(2) The benchmark was simulated on Finacle database of size 49.84TB having
205,028 branches, 947,364,904 customers, total of 1,969,026,822 accounts,
17,825,570,000 transaction history and 1,037,904 branch user.
(3) China's population figure as of 2012 from World Bank website
(4)As per the recent CEB Towergroup report titled Planning Your Cross-Channel
Future published on Dec 2012, the total volume of transactions per year in US
is 73.9 billion or 205 million transactions per day
About Infosys Ltd
Infosys is a global leader in consulting, technology and outsourcing solutions.
We enable clients, in more than 30 countries, to stay a step ahead of emerging
business trends and outperform the competition. We help them transform and
thrive in a changing world by co-creating breakthrough solutions that combine
strategic insights and execution excellence. Visit www.infosys.com to see how
Infosys (NYSE: INFY), with US$7.4B in annual revenues and 158,000+ employees,
is Building Tomorrow's Enterprise® today.
About Oracle PartnerNetwork
Oracle PartnerNetwork (OPN) Specialized is the latest version of Oracle's
partner program that provides partners with tools to better develop, sell and
implement Oracle solutions. OPN Specialized offers resources to train and
support specialized knowledge of Oracle products and solutions and has evolved
to recognize Oracle's growing product portfolio, partner base and business
opportunity. Key to the latest enhancements to OPN is the ability for partners
to differentiate through Specializations. Specializations are achieved through
competency development, business results, expertise and proven success. To find
out more, visit http://www.oracle.com/partners.
Trademarks
Oracle and Java are registered trademarks of Oracle and/or its affiliates.
Oracle SuperCluster Optimized is part of the Oracle Exastack Optimized program
which allows partners, such as Infosys, to leverage OPN enablement resources
and dedicated lab environments to help develop, test and tune their
applications on Oracle Exadata Database Machine, Oracle Exalogic Elastic Cloud,
Oracle Exalytics In-Memory Machine and Oracle SuperCluster engineered
systems.Oracle SuperCluster engineered systems are Oracle's fastest and most
scalable engineered systems and are ideal for DBaaS implementations,
consolidating databases and applications, as well as private cloud deployments.
With the world's fastest processors and Oracle Exadata Storage
Servers optimized for Oracle Database, Oracle SuperCluster delivers
unprecedented price/performance for mission-critical databases and
applications. Oracle SuperCluster demonstrates Oracle's unique ability to
innovate and optimize at every layer of the stack to simplify data center
operations, drive down costs, and accelerate business innovation.
Safe Harbor
Certain statements in this release concerning our future growth prospects are
forward-looking statements, which involve a number of risks and uncertainties
that could cause actual results to differ materially from those in such
forward-looking statements. The risks and uncertainties relating to these
statements include, but are not limited to, risks and uncertainties regarding
fluctuations in earnings, fluctuations in foreign exchange rates, our ability
to manage growth, intense competition in IT services including those factors
which may affect our cost advantage, wage increases in India, our ability to
attract and retain highly skilled professionals, time and cost overruns on
fixed-price, fixed-time frame contracts, client concentration, restrictions on
immigration, industry segment concentration, our ability to manage our
international operations, reduced demand for technology in our key focus areas,
disruptions in telecommunication networks or system failures, our ability to
successfully complete and integrate potential acquisitions, liability for
damages on our service contracts, the success of the companies in which Infosys
has made strategic investments, withdrawal or expiration of governmental fiscal
incentives, political instability and regional conflicts, legal restrictions on
raising capital or acquiring companies outside India, and unauthorized use of
our intellectual property and general economic conditions affecting our
industry. Additional risks that could affect our future operating results are
more fully described in our United States Securities and Exchange Commission
filings including our Annual Report on Form 20-F for the fiscal year ended
March 31, 2013 and on Form 6-K for the quarter ended December 31, 2013.These
filings are available at www.sec.gov. Infosys may, from time to time, make
additional written and oral forward-looking statements, including statements
contained in the company's filings with the Securities and Exchange Commission
and our reports to shareholders. The company does not undertake to update any
forward-looking statements that may be made from time to time by or on behalf
of the company unless it is required by law.
For further, information please contact:
Asia Pacific EMEA Americas
Sadaf Khan Paul de Lara Tara Kozak-Lindsay
Infosys, India Infosys, UK GolinHarris for Infosys, USA
+91 80 4156 4971 +44 2075162748 +1 212 373 6020
Sadaf_Khan03@infosys.com Paul_deLara@infosys.com tkozaklindsay@GolinHarris.com