IDC MarketScape: Worldwide Integrated Bank Payment Systems 2024 Vendor Assessment

Here’s what IDC mentions about Infosys Finacle and Finacle Payments solution in the report:

• Finacle Payments is an enterprise payments services system that manages end-to-end payments across instrument types, payment schemes, transaction types, customer segments, and channels. The solution uses an ISO 20022 format by default.
• Finacle Payments is an advanced, modular enterprise payment services hub to manage workflows, optimize processes, and gain operational efficiencies.
• Finacle Payments offers a remarkably broad set of clearance and settlement schemes out of the box.
• Finacle Payments' flexible delivery model means that financial institutions, from global banks to small community banks, can usually find a good fit.
• Infosys Finacle has strong support for emerging technologies such as blockchain and machine learning.

*Source: “IDC MarketScape: Worldwide Integrated Bank Payment Systems 2024 Vendor Assessment” by Aaron Press, September 2024, IDC Doc US50426423e_InfosysFinacle

IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the circles. Vendor year-over-year growth rate relative to the given market is indicated by a plus, neutral or minus next to the vendor’s name.