Greece-based Aspis Bank opts for Finacle

Aspis Bank, one of the leading, medium-size retail and commercial banks operating in Greece, has signed up for Finacle universal banking solution of Infosys Technologies to power its core banking and treasury operations across 66 branches.

This was announced in a release issued by Infosys to the BSE today. "Finacle will replace the existing legacy systems and provide the bank with a future-proof technology platform that offers tremendous flexibility, scalability and reduced total cost of ownership," the release added.

Merwin Fernandes, vice president and global head (sales & marketing - Finacle) of Infosys, said: "We are delighted to welcome Aspis Bank to the rapidly growing family of Finacle clients globally. This is an important milestone in our legacy core banking replacement journey. Finacle, with its unparalleled scalability powering some of the largest live sites in the world, service oriented architecture and unblemished delivery track record, has today emerged as the lowest risk solution for banks worldwide wanting to replace their legacy systems and leverage technology to rapidly grow and differentiate."

Infosys wins award for shop floor control system

A shop floor control  system developed by Infosys Technologies and Arrow Electronics has won the 2004 InfoWorld 100 award for being one of the top 100 best IT projects of the year.

The 2004 award-winners were chosen for their innovative use of multiple technologies to serve well-defined business goals, according to a release issued by Infosys to the BSE today.

"Arrow chose Infosys as its partner to re-engineer, develop, deploy and maintain the control system for its services operations globally. The company studied the shop-floor processes and the previous desktop applications, and defined the scope and user requirements. The system was developed and deployed to multiple locations in 2003," the release added.

Prasad Thrikutam, head of high-tech and discrete manufacturing business unit of Infosys, said: "We are growing our three-year old relationship with Arrow Electronics, and enabling the company gain a competitive edge in the industry."