It helps banks prevent maintenance efforts that enterprise IT departments have to delve into in case of downtime. The software is designed on the principle that prevention is better than cure. Therefore, for those generally curious, as well as students preparing for a future in the BFSI industry, this article will be a primer on Finacle and its associated services that the banking world so heavily and readily, banks upon. But despite the proven credence in its capabilities to optimize operations, it is less heard of in circles other than banking. Its importance is highlighted by the fact that banking enterprises in over 100 countries rely on Finacle for serving more than 1 billion customers. Finacle is a banking software developed by Infosys to assist financial corporations with varying facets of digital banking.
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