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Infosys Subsidiary Unveils Finacle Trade Connect Solution


Infosys Finacle, the banking platform of Infosys Limited’s INFY subsidiary, EdgeVerve Systems, recently launched Finacle Trade Connect, a trade finance solution for banks. The solution facilitates the digitization of the trade finance business process that includes certifying documents, validation of ownership as well as making payments, while working on a distributed and shared network.

The company has also assembled a pilot trade finance network of 11 banks to trial the Finacle Trade Connect solution.

The Finacle Trade Connect

Based on the EdgeVerve Blockchain Framework, the solution is accessible for a range of functions such as Bill Collection, Letters of Credit, C2C and B2C Transactions for Trade, B2C transactions for Trade, PO Financing and Invoice financing. The EdgeVerve Blockchain Framework enables banks to swiftly deploy blockchain-based services for various business areas. Other benefits from this ledger agnostic framework include its capability to work with industry leading blockchain platforms such as Bitcoin, Ethereum, Hyperledger as well as Corda.

Existing Business Scenario

Infosys has been diligently following the “Renew New” program, which lays the blueprint of its long-term growth. The company is continuously renewing traditional services and rolling out others in areas such as Cloud Ecosystem, Big Data and Analytics, API and Micro Services, Cyber Security, as well as IoT Engineering Services.

Under the “Renew” initiative, Infosys helped clients renew traditional IT services and infrastructure. Meanwhile, the company has been recording robust momentum in software and services business under the “New” initiative.

Infosys’ services and software are proving conducive to top-line growth. New services in the cloud first and artificial intelligence first digital experience service area are significantly contributing to revenues generation. Strong demand for these relatively new services is aiding the company to attain higher growth and margin.

Despite these positives, President Trump’s anti-immigration stance, unfavorable political climate and escalating costs are likely to affect the company’s performance. Year to date, the Zacks Rank #3 (Hold) company’s stock has yielded a return of 4.5%, against the industry’s average growth of 33%.

Stocks to Consider

Some better-ranked stocks from the same space include Analog Devices, Inc. ADI, Arista Networks, Inc. ANET and AMTEK, Inc. AME. While Analog Devices and Arista Networks sport a Zacks Rank #1 (Strong Buy), AMTEK carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Analog Devices has surpassed estimates in the trailing four quarters, with an average positive earnings surprise of 16.3%.

Arista Networks has outpaced estimates in the preceding four quarters, with an average earnings surprise of 27.5%.

AMTEK has surpassed estimates thrice in the trailing four quarters, with an average positive earnings surprise of 4.1%.

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