Published Date: March 20, 2012

Bai-Finacle Global Banking Innovation Awards 2012: Nominations Open

Awards celebrate innovations that drive excellence in retail banking

CHICAGO – March 20, 2012: BAI and Finacle™ from Infosys are now accepting nominations for their prestigious global awards program, the BAI – Finacle Global Banking Innovation Awards 2012. For the second consecutive year, this awards program recognizes breakthrough innovation that positively impacts profitability and customer experience for best-in-class retail banking organizations. The awards program provides a unique platform for industry leaders to showcase their achievements as they accelerate innovation to build the banks of tomorrow.

Nominations for this award can be submitted by retail banks, solutions providers or industry partners, but only banks are eligible to receive the awards. The call for global nominations begins today and can be submitted online at www.baiglobalinnovations.com until June 15, 2012.

Award winners and finalists will be honored at a special ceremony at BAI Retail Delivery 2012 to be held in Washington D.C., October 9 – 11. This annual conference and expo is the retail banking industry’s premier event, drawing hundreds of exhibitors and thousands of senior-level bank executives from nearly 50 countries.

In 2011 – the inaugural year of the awards – more than 200 leading organizations from around the world submitted nominations to compete for this prestigious recognition. Last year’s winners honored for their breakthrough innovation include:

• ‘la Caixa’, Spain, for the Most Innovative Bank of the Year in recognition of their culture of innovation and ongoing commitment to the advancement of retail banking
• UBank Australia, for Product Innovation for their UHomeLoan product
• ASB Bank New Zealand for Service Innovation for their ASB Virtual Branch on Facebook
• Citibank USA, Disruptive Innovation in Banking for their Smart Banking branch

‘The inaugural year of our global awards program was very successful and the second year promises to be just as exciting and inspiring,’ says Debbie Bianucci, president and chief executive officer of BAI. ‘We believe that the recognition of this awards program is indicative of the importance banks place on not only being innovative, but also in serving their customers well.’

According to Haragopal Mangipudi, Global Head – Finacle™, Infosys, ‘Innovation-driven growth is a key driver for the success of banks globally and the BAI-Finacle Global Innovation Awards honour that. As a preferred partner for the transformation journey undertaken by banks globally, Finacle™ is proud to collaborate with BAI and reinforce our continued commitment to foster new thinking.’

For the 2012 awards program, nominations will be solicited from across the globe and will be reviewed by the Innovation Circle Judging Panel, a distinguished international group of prominent industry thought-leaders, academics and retail banking professionals. This objective and independent panel will be responsible for selecting the finalists and winners.

About BAI

BAI is the financial services industry’s partner for breakthrough information and intelligence needed to innovate and stay relevant in an evolving marketplace. For more than 85 years, BAI has focused on advancing the industry by offering unbiased education and research. BAI’s offerings are as diverse as the industry, and include premier events such as BAI Retail Delivery Conference & Expo, groundbreaking research and performance metrics, professional learning and development programs, and in-depth editorial coverage through BAI Banking Strategies. For more information, go to www.BAI.org

About Finacle™ Universal Banking Solution

Finacle from Infosys partners with banks to power-up their innovation agenda, enabling them to differentiate their products and service, enhance customer experience and achieve greater operational efficiency. This proven and effective framework for multi-disciplinary change, enables banks to shift their strategic and operational priorities.

Finacle solutions address the core banking, e-banking, Islamic banking, treasury, wealth management and CRM requirements of retail, corporate and universal banks worldwide. Several powerful and differentiating features make Finacle one of the most comprehensive, flexible and scalable universal banking solutions in its class. These solutions, when associated with Finacle services, empower banks to maximize their opportunities for growth, while minimizing the risks that come with large-scale business transformation. For more information, visit www.infosys.com/finacle

About Infosys Ltd

Many of the world’s most successful organizations rely on the 145,000 people of Infosys to deliver measurable business value. Infosys provides business consulting, technology, engineering and outsourcing services to help clients in over 30 countries build tomorrow’s enterprise. For more information about Infosys (NASDAQ: INFY), visit www.infosys.com.

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, 2011 and on Form 6-K for the quarter ended September 30, 2011 and December 31, 2011.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.

Press Contact

For more information, press only:

Jeannette Weiland
BAI
1 312 683-2319
jweiland@bai.org

Joya Ahluwalia – Infosys Press Office
Infosys Ltd, India
+918041565002
Joya_Ahluwalia@infosys.com