Edgeverve, an Infosys company Strengths, Domain Expertise, and Key Differentiators
EdgeVerve Systems, a fully-owned subsidiary of Infosys, specializes in crafting cutting-edge software products, available either on-premise or as cloud-hosted business solutions. These offerings enable businesses to forge stronger relationships with stakeholders, drive ongoing innovation, and propel growth within the digital realm. EdgeVerve's solutions facilitate advancement in various sectors including banking, distribution, credit servicing, customer service, and enterprise procurement. Renowned global corporations spanning financial services, insurance, retail, consumer packaged goods (CPG), life sciences, manufacturing, and telecommunications sectors rely on EdgeVerve products to drive their operations forward.
EdgeVerve's Finacle, its universal banking solution, empowers both traditional and emerging financial institutions to embark on comprehensive digital transformations. By leveraging Finacle, institutions can achieve seamless customer experiences, expand their ecosystem participation, foster insights-driven interactions, and implement widespread automation. Presently, banks across more than 100 countries rely on Finacle to serve over a billion consumers and manage 1.3 billion accounts. Finacle solutions cater to various needs including core banking, omnichannel banking, payments, treasury, origination, liquidity management, wealth management, analytics, artificial intelligence, and blockchain, facilitating operational excellence within financial institutions. These solutions are adaptable for on-premise installations or cloud-based banking platforms.
Edgeverve, an Infosys company Recent Developments
In October 2020, EdgeVerve introduced AssistEdge Discover 1.5. This updated version offers capabilities ranging from non-intrusive capture of human-machine interactions to utilizing AI for generating actionable process insights. AssistEdge Discover 1.5 serves as a robust platform for organizations aiming to utilize process discovery, enabling them to advance intelligent automation and achieve process excellence.
In February 2020, Summit Technology Consulting Group (STG) initiated a partnership with Infosys Finacle, a division of EdgeVerve Systems, and Amazon Web Services (AWS) to introduce Finacle's Digital Banking Suite to community financial institutions across the United States.
Edgeverve, an Infosys company Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Edgeverve, an Infosys company applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Edgeverve, an Infosys company and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified EdgeVerve, Infosys Finacle, Infosys Nia, Panaya, Skava, Infosys Wingspan, AssistEdge customers.
Edgeverve, an Infosys company Overview
Plot No. 47, Sy. No. 10, Hosur Rd, Electronic City
Bengaluru, Karnataka, 560100, India
91 80 3952 2222
https://www.edgeverve.com/
Ownership: - Infosys
Number of Employees: 5500
Functional Markets: Collaboration, Content Management, CRM, ERP Financial, ERP Services and Operations, TRM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Consumer Packaged Goods, Distribution, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Edgeverve, an Infosys company Key Enterprise and Cloud Applications
EdgeVerve, Infosys Finacle, Infosys Nia, Panaya, Skava, Infosys Wingspan, AssistEdge
Edgeverve, an Infosys company Revenues, $M:
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| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Edgeverve, an Infosys company Revenue Breakdown By Type, $M:
Edgeverve, an Infosys company Enterprise Applications Revenues By Functional Markets, $M:
Edgeverve, an Infosys company Enterprise Applications Revenues By Verticals, $M:
Edgeverve, an Infosys company Revenues By Region, $M
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| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
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Edgeverve, an Infosys company Direct vs Indirect sales
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Edgeverve, an Infosys company Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Edgeverve, an Infosys company Customers
No. of Edgeverve, an Infosys company Customers: x
No. of Edgeverve, an Infosys company Enterprise Applications Customers: x
No. of Edgeverve, an Infosys company Cloud Customers: x
No. of Edgeverve, an Infosys company Cloud Subscribers: x
Finacle boasts over 500 client deployments across financial institutions of varying sizes. Meanwhile, Infosys Nia serves over 300 customers across diverse business portfolios, with a remarkable 100,000 live bots actively engaged in various processes.
Finacle has recently secured notable clients including RBL Bank, XacBank Mongolia, Resimac, Prabhu Bank Limited, National Bank of Bahrain, and numerous others.
Edgeverve, an Infosys company Market Opportunities, M&A and Geo Expansions
In January 2021, Finacle celebrated several recent customer victories. One notable collaboration was with EdgeVerve and Jaggaer, an independent spend management company, which introduced a Contracts + Risk Analysis solution. This innovative offering provides AI-powered contract review and risk scoring. Integrated into the latest release of the JAGGAER ONE suite, Contracts + Risk Analysis is pre-trained for seamless integration into contract authoring workflows, ensuring swift adoption and value realization for business users. The solution continually learns from the customer's operations and evolving market dynamics to deliver optimal results.
In May 2020, EdgeVerve underwent a recent BSIMM assessment, becoming part of the BSIMM data pool and marking the first Indian-headquartered firm to benchmark its software security program with BSIMM. The Building Security In Maturity Model (BSIMM) project has been conducting research on software security practices in organizations worldwide for over a decade.
Edgeverve, an Infosys company Risks and Challenges
In recent years, Finacle has directed its attention towards new banks and financial services in emerging markets, achieving swift implementations, including one that launched within just 50 days. Though it remains uncertain whether Finacle can replicate such successful implementations on a larger scale, the key challenge lies in disseminating its expertise to various implementation partners beyond Infosys' internal professional services division.
Customers and prospects will truly grasp the openness of the Finacle architecture and the simplicity of its deployment when they have the freedom to select their preferred partner for implementing Finacle products tailored to their specific requirements.
Edgeverve, an Infosys company Ecosystem, Partners, Resellers and SI
In September 2020, EdgeVerve Systems forged a new partnership with Minit, aiming to expedite process excellence for clients. Collaborating closely, these two industry leaders will develop a solution geared towards empowering enterprises with invaluable insights crucial for business transformation, ultimately enhancing operational efficiency and driving superior business outcomes. By integrating the strengths of AssistEdge Discover's process discovery and Minit's process mining, this solution can aid organizations in various endeavors, from enhancing process efficiency through quantifiable assessments of user behavior to simulating new processes across global business units, thereby facilitating the transition to a hyper-productive enterprise.
EdgeVerve in collaboration with IBM is scheduled to establish in Athens a Banking Center of Excellence for the Finacle Digital Banking Solution Suite in late 2020. The Center provides consulting and integration services to implement the Finacle suite to help accelerate advanced digital banking transformation and modernization projects. The Center will be able to support projects across Europe and will cooperate closely with Finacle’s delivery centers worldwide.
In June 2019, JAGGAER, the independent spend management company partnered with EdgeVerve Systems to develop innovative software products for customers in multiple industries including manufacturing, retail, logistics, and higher education. EdgeVerve offers best-in-class Artificial Intelligence capabilities with Infosys Nia and Intelligent Automation (RPA) capabilities with AssistEdge. The solutions will be delivered to customers through the JAGGAER ONE spend management solution suite.
Edgeverve, an Infosys company Cloud Infrastructure Insights
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Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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