Qorus and Infosys Finacle Collaborate to Recognize Banking Innovation Initiatives Worldwide

Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NSE, BSE, NYSE: INFY), and Qorus, a global association of banks and insurance companies, today announced their collaboration to host the 11th edition of the Qorus-Infosys Finacle Banking Innovation Awards. The awards aim to recognize and celebrate the most innovative ideas and initiatives across the banking business from banks worldwide. The collaboration expands on the annual Qorus-Infosys Finacle Retail Banking Innovation Report, creating a holistic approach that encompasses the entire innovation lifecycle – from identification and evaluation to recognition and reporting of global banking advancements.

The 11th Edition of Qorus-Infosys Finacle Banking Innovation Awards accepted entries from banking and financial institutions worldwide across the following seven categories:

• Business Model Transformation
• Core Offering Innovation
• Future Workforce
• Neobanks & Fintech Players
• Operational Excellence
• Reimagining the Customer Experience
• Social, Sustainable & Responsible Banking

The entries will be assessed based on originality of ideas, their long-term strategic impact and return on investment, and their potential for broader application in other markets and countries. Winners will be selected by an independent panel of judges comprising senior leaders in the banking industry globally and through online votes by executives from financial services institutions across the world. The announcement of winners will take place on October 08, 2024, through an awards ceremony.

Sajit Vijayakumar, Chief Business Officer and Global Head, Infosys Finacle, said, “Banking leaders today face the challenge of keeping pace with change to ensure their organizations continue to have an edge. Innovation and transformational initiatives thus become crucial for embracing new-age banking. The Qorus-Infosys Finacle Banking Innovation Awards is a celebration of the exceptional banking innovations globally. The awards embody our deep collaboration with Qorus and Infosys Finacle's commitment to fostering innovation and inspiring better banking, which will help billions of people and businesses to pay, borrow, save, and invest better.”

John Berry, Chief Executive Officer, Qorus, said, "Innovation is more important than ever in the banking industry today, driving growth and meeting ever-evolving customers’ expectations. For over a decade, Qorus has strived to highlight the cutting-edge innovations and banks that have inspired the entire industry with their breakthrough initiatives and performances. We are delighted that a global leader like Infosys Finacle sees the value of our efforts and has put its weight behind the awards and the critical role they continue to play as a catalyst for transforming banking for the better.”

Since its inception in 2013, the Banking Innovation Awards have served as a platform to spotlight the most compelling and impactful innovations, leveraging emerging technologies to navigate the disruptions and opportunities in the banking industry. Last year, the awards received more than 450 entries from 61 countries, with applicants ranging from agile start-ups to the world’s largest financial institutions.

To find out more about the awards, visit: Qorus-Infosys Finacle Banking Innovation Awards

About Qorus

A global non-profit association established in 1971 by banks and insurance companies, Qorus (formerly known as Efma) helps its members to reinvent themselves to thrive – to go further, be faster and work together. Its global ecosystem brings valuable insights, inspiring events, rich data, and active global communities all in one place. With over 50 years of experience, Qorus provides a neutral space for best-practice sharing and collaboration, while offering diverse knowledge and a global reach – to more than 1,200 financial groups in 120+ countries. Headquartered in Paris, Qorus serves financial institutions on all continents, with offices in Andorra, Bangkok, Bratislava, Brussels, Dubai, Istanbul, Kuala Lumpur, London, Milan, Seoul, and Tokyo. Learn more at www.qorusglobal.com.

About Infosys Finacle

Finacle is an industry leader in digital banking solutions. We are a unit of EdgeVerve Systems, a wholly-owned product subsidiary of Infosys (NSE, BSE, NYSE: INFY). We partner with emerging and established financial institutions to help inspire better banking. Our cloud-native solution suite and SaaS services help banks engage, innovate, operate, and transform better to scale digital transformation with confidence. Finacle solutions address the core banking, lending, digital engagement, payments, cash management, wealth management, treasury, analytics, AI, and blockchain requirements of financial institutions. Today, banks in over 100 countries rely on Finacle to help more than a billion people and millions of businesses to save, pay, borrow, and invest better. For more information, visit www.finacle.com.

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Media contacts:

For more information, please contact:

Infosys - PR_Global@Infosys.com

Qorus - innovation@qorusglobal.com