Edgeverve, an Infosys company Among Cloud Top 500

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Edgeverve, an Infosys company Strengths, Domain Expertise, and Key Differentiators

EdgeVerve Systems, a wholly-owned subsidiary of Infosys, develops innovative software products and offers them on-premise or as cloud-hosted business platforms. EdgeVerve's products help businesses develop deeper connections with stakeholders, power continuous innovation and accelerate growth in the digital world and power their clients’ growth in rapidly evolving areas like banking, distributive trade, credit servicing, customer service, and enterprise buying. Global corporations across financial services, insurance, retail and CPG, life sciences, manufacturing, and telecommunications use EdgeVerve products.

EdgeVerve Finacle, its universal banking solution, Finacle helps traditional and emerging financial institutions drive truly digital transformation to achieve frictionless customer experiences, larger ecosystem play, insights, driven interactions and ubiquitous automation. Today, banks in over 100 countries rely on Finacle to service more than a billion consumers and 1.3 billion accounts. Finacle solutions address the core banking, omnichannel banking, payments, treasury, origination, liquidity management, wealth management, analytics, artificial intelligence, and blockchain requirements of financial institutions to drive business excellence. These solution are available for on-premise deployments or as cloud hosted banking platforms.

Edgeverve, an Infosys company Recent Developments

In October 2020, EdgeVerve unveiled AssistEdge Discover 1.5. From non-intrusively capturing human-machine interactions to leveraging AI to create actionable process insights, AssistEdge Discover 1.5 will act as a powerful foundation to help organizations seeking to leverage process discovery, drive intelligent automation and process excellence.

In February 2020, Summit Technology Consulting Group (STG), started a collaboration with Infosys Finacle, part of EdgeVerve Systems, and Amazon Web Services (AWS) to bring Finacle's Digital Banking Suite to community financial institutions in the United States.

In August 2019, EdgeVerve launched AssistEdge 18.0. AssistEdge 18.0 is a significant step towards EdgeVerve's vision of Automation Singularity. Powered by Albie, EdgeVerve's cognitive engine, organizations will be able to seamlessly integrate human specialists with digital bots to create more scalable and secure process automation.

In July 2019, AssistEdge Cloud RPA was launched. It offers RPA as a managed service powered by standard cloud infrastructure and a flexible service model that meets diverse enterprise needs and accelerates time to value. In addition, automatic product upgrades allow enterprises to elastically scale the Cloud RPA platform based on their business demand.

In April 2019, EdgeVerve Systems launched CollectEdge at LendIt Fintech USA 2019. CollectEdge is an Artificial Intelligence-powered product designed to help lending organizations reduce delinquency rates, boost recoveries, improve operational efficiencies and enhance the customer experience.

Furthermore, In June 2019, EdgeVerve Systems launched AssistEdge Engage at CCW Vegas. AssistEdge Engage is an intelligent automation platform for contact centers offering smart features that increase agent productivity, satisfaction and elevate customer experience. With the emergence of RPA and maturity of AI capabilities, there is a significant opportunity for contact centers to relook at the ways in which they can service their customers. Easy to integrate and deploy, AssistEdge Engage harnesses the power of AI and RPA, making it possible for businesses to amplify returns from their existing contact center investments.

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 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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* 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:

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Edgeverve, an Infosys company Revenues By Region, $M

Region% of Total Revenues2021 Total Revenues, $M2021 Enterprise Applications Revenues, $M2021 Cloud Applications Revenues, $M
Americas 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

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Finacle has over 500 client deployments across financial institutions of all sizes. Infosys Nia has more than 300 customers across business portfolios with 100,000 live bots working on various processes.

Among Finacle recent customer wins are RBL Bank, XacBank Mongolia, Resimac, Prabhu Bank Limited, National Bank of Bahrain and many others.

Among Infosys customer wins are National Bank of Bahrain, FE Credit, Community Bank, aafaq Islamic, IDEGO, Australian Military Bank, Shivalik Bank, Ayeyarwaddy Farmers Development Bank, Myawaddy Bank, Telekom Malaysia, Mediterranean Bank, and others.

Edgeverve, an Infosys company Market Opportunities, M&A and Geo Expansions

Among Finacle recent customer wins are: In January 2021, EdgeVerve and Jaggaer, an independent spend management company launched Contracts + Risk Analysis solution, delivering AI-powered contract review and risk scoring. As part of the latest release of the JAGGAER ONE suite, Contracts + Risk Analysis comes pre-trained for immediate integration into contract authoring workflows. The quick integration offers rapid time to value for business users. The solution learns continuously from the customer’s business, and evolving market for optimum results.

In May 2020, EdgeVerve recently underwent a BSIMM assessment, joining the BSIMM data pool and becoming the first firm headquartered in India to benchmark their software security program with the BSIMM. The Building Security In Maturity Model (BSIMM) project has been compiling research on software security activities in organizations around the globe for over a decade.

Edgeverve, an Infosys company Risks and Challenges

Over the past few years, Finacle has been focusing on new banks and financial services in emerging markets by completing rapid implementations including one that went live in 50 days. While it's not clear whether Finacle can replicate such successful implementations on a large scale, the challenge is to extend its know-how to different implementation partners beyond Infosys' own professional services arm.

Only then will customers and prospects be able to fully appreciate the openness of the Finacle architecture as well as the ease of its deployment when they can choose their preferred partner to implement Finacle products to their specifications.

Edgeverve, an Infosys company Ecosystem, Partners, Resellers and SI

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, will provide 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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