Finacle will be paid implementation and annual maintenance charges for the CBS deal
Finacle, the banking solution business division of Infosys Technologies, may forego its lucrative license fee in a new core banking solution (CBS) deal it is looking to win from The Standard Bank of
The Standard Bank of
However, Finacle will be paid the implementation and annual maintenance charges for its CBS. The value of the proposed deal could not ascertained. Industry watchers say that such an agreement, if implemented, deviates from the normal practice of bidding for such deal while adding that Finacle could be probably looking at garnering a larger pie of business from The Standard Bank of
0 comments:
Post a Comment