Bangalore: Software major Infosys Technologies today (Aug 20, 2004) said State Bank of India (SBI) has selected the company's universal banking solution 'Finacle' to "power" its international operations.

"The bank will deploy Finacle core banking, e-banking and treasury solutions across the current operations in 20 countries and all future additions to its global operations", the Bangalore-headquartered company said in a statement.

Finacle will be the single integrated universal banking solution platform for SBI globally, it said.

"Finacle will replace the current disparate systems across its entire international operations, thus providing the bank a unified view of its international business, better risk management capability, enhanced MIS and a unified customer experience globally", the statement said.

The solution, according to Infosys, will enable SBI to offer new and innovative products and services to its customers and streamline and consolidate its technology infrastructure across international operations -- present and future.

With geographic scope extending across 20 counties to begin with, including Bahrain, Belgium, Canada, France, Germany, Hong Kong, Japan, Oman, Russia, Singapore, South Africa, the UK and the US, the partnership will also help Finacle extend and strengthen its global footprint, Infosys said.

"The deployment is expected to be completed in a record time of 12 months across countries and spread across three global data centres in the USA, the UK and India."