Golomt, Mongolia’s Largest Private Bank, Selects Infosys Finacle to Accelerate Growth

PR Newswire/Les Echos/ 
Golomt, Mongolia's Largest Private Bank, Selects Infosys Finacle to Accelerate  
                                 Growth 
Bangalore, India - May 2, 2013: Golomt Bank, Mongolia's largest private banking
and financial services provider, has selected Infosys Finacle to power its
technology transformation. The bank is looking to adapt to a rapidly changing
business environment in Central Asia and manage their expanding customer base. 
Solution highlights:
* Golomt Bank's technology infrastructure comprises diverse systems resulting in
  integration and operational efficiency challenges
* Finacle was chosen to advance its infrastructure scalability and to support
  the large range of functionality the bank required
* Finacle will modernize retail and commercial banking services across the
  bank's 85 branches. It will also support Golomt Bank's ambitious growth plans 
  of adding 50 new branches in the next three years
* The implementation will include Finacle core banking solution along with CRM,
  Treasury, e-Banking and Mobile Banking solutions 
Quotes:
N Ochirkhuyag, Director of Marketing, Golomt Bank:
"Golomt Bank is committed to staying focused on the quality of our customers'
experience, even as we look at expanding our presence. We believe technology is
the key to accelerate our transformation. With Infosys, we have found the right
partner who brings an industry-leading product in Finacle, and proven expertise
to ensure an efficient implementation. We believe the new solution will be the
key to support our needs today and help us build our bank of tomorrow." 
Haragopal M, Global Head, Infosys Finacle:
"Golomt Bank has a well-defined strategy to accelerate growth opportunities in
the fast-growing Mon golian economy. Infosys Finacle will power the bank's
growth strategy and help it expand reach, introduce new products and services,
while delivering a superior banking experience. Golomt Bank is Finacle's first
customer in Mon golia. This win further strengthens our presence across emerging
markets in Asia." 
Additional resources
* More information on all Finacle solutions here
* Read the Finacle Blog here
* Read Finacle Case Studies here 
About Golomt Bank
Golomt Bank was established in 1995 as a wholly owned subsidiary of Bodi
International L.L.C., the premier diversified conglomerate recognized for its
seminal contribution to economic and social development in Mongolia. Golomt Bank
offers the complete spectrum of commercial and investment banking services to
both domestic and international enterprises active in or trading and investing
in Mongolia. It has long been the pioneer among Mongolian banks introducing card
services, E-banking, adherence to IFRS, appointment of Big 4 external auditors
and in the combined fields of transparency and corporate governance. Golomt
Bank's exclusive focus as a customer-centric bank has led to its constantly
expanding market share within the overall banking and financial sector. Golomt
Bank remains the only Mongolian bank to attract direct equity related investment
from any of the world's major international commercial financial institutions
including: Credit Suisse, Abu Dhabi Investment Council, Swiss-MO Investment AG
and Trafigura Beheer B.V.. Golomt Bank was the first Mongolian commercial bank
admitted to the S.W.I.F.T network to execute our customers' international money
transfers and enjoys correspondent banking relationships with many of the
world's leading banks in the major international and regional trading economies
and plays a predominant role in international remittances to and from Mongolia.
As further recognition of the, Bank's leading reputation among international
counterparties, Golomt Bank was selected by American Express as exclusive
acquirer bank in Mongolia and by IATA (The International Air Transport
Association) as exclusive Billing and Settlement Plan Bank in Mongolia. 
About Infosys
Infosys partners with global enterprises to drive their innovation-led growth.
That's why Forbes ranked Infosys #19 among the top 100 most innovative
companies. As a leading provider of next-generation consulting, technology and
outsourcing solutions, Infosys helps clients in more than 30 countries realize
their goals. Visit www.infosys.com and see how Infosys (NYSE: INFY), with its
156,000 + people, is Building Tomorrow's Enterprise(r) today. 
Safe Harbor
Certain statements in this release concerning our future growth prospects are
forward-looking statements, which involve a number of risks and uncertainties
that could cause actual results to differ materially from those in such
forward-looking statements. The risks and uncertainties relating to these
statements include, but are not limited to, risks and uncertainties regarding
fluctuations in earnings, fluctuations in foreign exchange rates, our ability to
manage growth, intense competition in IT services including those factors which
may affect our cost advantage, wage increases in India, our ability to attract
and retain highly skilled professionals, time and cost overruns on fixed-price,
fixed-time frame contracts, client concentration, restrictions on immigration,
industry segment concentration, our ability to manage our international
operations, reduced demand for technology in our key focus areas, disruptions in
telecommunication networks or system failures, our ability to successfully
complete and integrate potential acquisitions, liability for damages on our
service contracts, the success of the companies in which Infosys has made
strategic investments, withdrawal or expiration of governmental fiscal
incentives, political instability and regional conflicts, legal restrictions on
raising capital or acquiring companies outside India, and unauthorized use of
our intellectual property and general economic conditions affecting our
industry. Additional risks that could affect our future operating results are
more fully described in our United States Securities and Exchange Commission
filings including our Annual Report on Form 20-F for the fiscal year ended March
31, 2012 and on Form 6-K for the quarter ended June 30, 2012, September 30, 2012
and December 31, 2012. These filings are available at www.sec.gov. Infosys may,
from time to time, make additional written and oral forward-looking statements,
including statements contained in the company's filings with the Securities and
Exchange Commission and our reports to shareholders. The company does not
undertake to update any forward-looking statements that may be made from time to
time by or on behalf of the company. 
For Further information please contact: 
Asia Pacific
Abhijith Karthikeya D
Infosys, India
Phone: +91 80 41563373
Abhijith_Damodar@infosys.com 
                  
The content and accuracy of news releases published on this site and/or 
distributed by PR Newswire or its partners are the sole responsibility of the 
originating company or organisation. Whilst every effort is made to ensure the 
accuracy of our services, such releases are not actively monitored or reviewed 
by PR Newswire or its partners and under no circumstances shall PR Newswire or 
its partners be liable for any loss or damage resulting from the use of such 
information. All information should be checked prior to publication. 
-0- May/02/2013 09:01 GMT