Merwin Fernandes, VP and business head for Infosys’ banking solution Finacle, said talks were at advanced stages with at least three Gulf-based banks for its core banking solution.
"Saudi Arabia’s Arab National Bank is our first customer for the Islamic banking solution that is currently under development. We are seeing a favourable response from several banks in the Gulf and Middle East and expect more customers," Fernandes told a local news channel today.
The full-fledged Islamic banking solution is part of the Finacle core banking solution, which will be ready in early 2008.
Infosys also has an on-going contract with Egypt’s Bank of Alexandria and support centres in Egypt and Saudi Arabia
Source: - www.islamicbanking.blogsome.com
