February, 08 , 2010

It is now a decade since Infosys launched its core banking solution Finacle. This software which enables bank customers to access their accounts from anywhere, anytime, now runs 65% of Indian banks. Infosys is now discovering new markets to conquer, says Haragopal Mangipudi, head of Finacle. At one end is the opportunity to provide the middle class services that they aspire for. At the other end is a mass of underprivileged Indians hitherto considered too poor to have a bank account.

An alumnus of IIM Bangalore, Mr Haragopal has been associated for 22 years in the banking software products space. For the past 15 years, he has been part of the core management team with Finacle — the core banking solution that replaced the piecemeal branch-level automations software.Mr Haragopal is no stranger to mass banking or the challenges involved, as he began his career with Canara Bank when technology development was restricted to automatic ledger-posting machines.

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