PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Infosys Technologies Ltd

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Infosys Launches Solution to Automate and Simplify Bank Transaction Reconciliation Process - Infosys, a global leader in consulting, technology and outsourcing solutions, today, announced the launch of the Infosys Transaction Reconciliation Solution (ITRS) - Infosys.com
Infosys Launches Solution to Automate and Simplify Bank Transaction Reconciliation Process

 

NewswireToday - /newswire/ - Bangalore, India, 2014/10/02 - Infosys, a global leader in consulting, technology and outsourcing solutions, today, announced the launch of the Infosys Transaction Reconciliation Solution (ITRS) - Infosys.com. NYSE: INFY

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Security/Anti-Spam Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

ITRS is a unified solution that helps banks automate and centralize their reconciliation across multiple channels, reduces costs by offering simple, easy-to-use tool for bank employees to perform reconciliation tasks and functions. With automation and optimization, the solution helps reduce the need for manual interaction and increases performance through auto-matching & straight through processing.

In a dynamically changing regulatory environment, with acts such as Dodd Frank, EMIR and Basel III, the need for a simple solution to meet changing reconciliation and reporting needs is accelerating. With global spend on reconciliation expected to reach $1.27 billion by 20171, banks are increasingly looking for automated solutions. A unified reconciliation solution such as ITRS helps banks efficiently while meeting the regulatory needs.

Solution highlights:

• Easy to operate and supports 14 different types of data-feed formats including Payment & SWIFT messages, FIX Trade confirmation, Databases, Check Images, Flat files, Mainframe files and XMLs;
• Seamlessly reconciles and processes data from multiple channels including ATM, derivative, payment, clearing-settling and other reporting functions;
• Capable of processing up to 50 million transactions per hour and reduces 15 to 50 percent of time taken to on-board reconciliation tasks;
• Can drive 20 to 80 percent of rules-optimization process, resulting in improved performance. Also helps increase the percentage of matches in transaction data by five to10 percent, thereby reducing the need for manual intervention.

Quote

Mohit Joshi, Executive Vice President and Head of Financial Services, Infosys
“A well-planned reconciliation helps banks reduce risks emanating from disparate systems and processes or manual interventions. Lack of a centralized, automated system could lead to expensive rework of reports and delays in account settlement. ITRS draws on our extensive experience of serving the evolving technology needs of global banks”.

1 REFERENCE - Aite Group ‘Reconciliation Technology Solutions in 2014: Recs Get Ready to Rumble’ report

About Infosys
Infosys (infosys.com) 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.

Safe Harbor
Certain statements in this release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, 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, 2014 and on Form 6-K for the quarter ended June 30, 2014. These filings are available at 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. In addition, please note that the date of this press release is mentioned at the beginning of the release, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. 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.

Contacts:
Paul de Lara - Infosys, UK
P: +44(0)20 7516 2748 - E: Paul_deLara[.]infosys.com.

John Gallagher - Brunswick Group for Infosys, USA
P: +1 415-316-8060 - E: jgallagher[.]brunswickgroup.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Security/Anti-Spam Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Infosys Technologies Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
IT Security Anti-Spam Computer Security - Purchase keywords tags antivirus software firewall spyware removal virus scan computer security IT Security Anti-Spam malware / Banner Ads!.

 
  Your Banner Ad showing on ALL
IT Security/Anti-Spam articles,
CATCH Visitors via Your Competitors Announcements!


Infosys Launches Solution to Automate and Simplify Bank Transaction Reconciliation Process

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Sadaf Khan - Infosys.com 
+91 80 41564971 Sadaf_Khan03[.]infosys.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Infosys Technologies Ltd securities in any jurisdiction including any other companies listed or named in this release.

IT Security/Anti-Spam via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Infosys Technologies Ltd / Company Profile


Read IT Security/Anti-Spam Most Recent Related Newswires:

Comodo to Present on Benefits of Comodo One Platform for MSPs at ASCII IT SMB Success Summit
Verint Named Physical Security Intelligence Solutions Company of the Year
Rambus Announces Industry’s First Functional Silicon of Server DIMM Buffer Chipset Targeted for Next-generation DDR5
Verint Recognized in New Customer Journey Analytics Report by Independent Research Firm
High-Tech Bridge Enhances Discovery Capacities of its Phishing Detection Service
Ensono Adds Managed Mainframe to its UK Toolkit
Radware Launches Ultimate IoT Botnet Protection with New DefensePro® Lineup
Comodo Advanced Endpoint Protection Wins ‘APT Software of the Year’ 2017 CyberSecurity Breakthrough Award
Frost & Sullivan Recognizes Radware as a Leader in Customer Value with its Complete Line of DDoS Mitigation Solutions
Ecobank Deploys Radware’s Attack Mitigation Solution to Protect its Infrastructure
Rostelecom Demonstrates On-Demand Transport Services with the First Multivendor Transport SDN PoC in Russia
Ensono Unveils New Office in Conway, Arkansas
Tyne Tunnel Realizes New Levels of Operational Efficiency and Situational Awareness with Verint Solutions
Thales’s Security Evaluation of Samsung Pay Contactless Payment App on Galaxy S8 and S8+ Leads to Certification
Check Point Launches New Research Online Platform and Releases Mid-Year Cyber Attack Trends Report

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)