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Infosys, Sun ink pact to market banking products

Fakir Chand in Bangalore

The Bangalore-based Infosys Technologies Ltd has entered into a strategic alliance with the US-based Sun Microsystems to jointly market the new generation technology platforms for global banking industry.

Leveraging their global reach and best-of-breed technologies in financial services, Infosys and Sun aim to lead the fast-growing enterprise banking environment.

As per the agreement, Sun's scalable platforms and technologies will power Infosys' Finacle - enterprise banking e-platform and suite of banking products.

Both the IT majors will offer banking customers scalable and proven solutions that lower total cost of ownership and accelerates time to market.

Supporting the latest features like 24X7 banking, Infosys and Sun will compliment their domain expertise to address the end-to-end requirements of modern banking systems.

Sharing Sun's commitment to open-standards, Infosys' Finacle suite will support the Sun ONE (Open Net Environment) platform for delivering services on demand.

According to ICICI Bank CEO K V Kamath, such an alliance will help in delivering high performance solutions. "We expect to receive a comprehensive set of solutions to meet the requirements of our IT infrastructure from this partnership," he added. Incidentally, ICICI Bank has been using Infosys' new generation banking solutions and the Sun platform over the years.

Commenting on the alliance, Sun Microsystems vice-president Stuart Wells said in a statement the alliance with Infosys would enable Sun to meet the banking industry's changing needs with open, scalable and feature-rich solutions to handle today's networked applications.

"In an industry, characterised by legacy systems and non-viable product vendors, Infosys brings value propositions based on end-to-end enterprise banking solutions based on new generation technologies, proven global delivery capability and reduced cost of ownership, " said Infosys vice-president Girish G Vaidya.

"With this alliance, Infosys plans to seize leadership and market share through superior technology platform developed to handle the challenges of new age banking," Vadya stated in a statement, released in Bangalore on Thursday.

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