For us I believe even if there is trouble in some parts of the world our diverse presence will benefit us,” Mangipudi said. The Finacle Consulting Group (FCG) is the business and digital consulting arm of Infosys Finacle, the leading global banking solution provider. “Many banks see this as an opportunity, in difficult times you have need to become stronger with greater focus on efficiencies. According to him, there is a need to monitor the situation in several parts of the world that are witnessing economic troubles that tend to impact the financial sector first, but there may not be an overall challenge as banks will continue to spend. “The key triggers for spends on products like ours in the US will be compliance and regulation, the need for greater efficiency and mobilising deposits,” he added. KwikJobs provides Placement Consulting in the feild of Information Technology and Business Process Management for Under Graduates and Graduates. The mid-market banks will be the first ones to go in for it,” Mangipudi said. “In the US, there is a lot of legacy compared to the Asia Pacific and that is not easy to do away with, so even though there is willingness to change, the ability is not there yet. While the company has seen good growth in both Asia Pacific and EMEA, bigger opportunity in the US is still 3-4 years away, Mangipudi said.
In India, Finacle, which competes globally with the likes of Temenos and Flexcube, is the largest core banking product with 75% market share. The Americas account for about 8-9% of revenue. The candidate will be responsible for growing the Finacle practice to make it a market leader in the region. The candidate must have minimum of 15+ years of experience in BFSI industry & excellent knowledge of the domestic Banking industry. The company caters to 147 banks in 74 countries worldwide with 45% of its revenue coming from the EMEA (Europe, middle east and Africa) region and 45% from Asia Pacific. Job Responsibility and Description : VP Sales & Practice head the clients Finacle practice globally. It was coming out of a slowdown,” Mangipudi said. “Last year there was pent up demand which got released so growth was very good. Last year, Finacle reported almost $300 million in revenue with topline growing at over 40%.
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