Infosys Launches Finacle Mobile Banking 2.0

One of the First Mobile Banking Solutions in the World to Offer Mobile Financial Management and Advisory Services

BANGALORE, India, LONDON, and LAS VEGAS, October 20, 2010 - News Highlights

    - Infosys Technologies Ltd. announced the launch of Finacle
      mobile banking 2.0. (
      www.infosys.com/finacle/solutions/solutions_mobile.asp) This
      comprehensive solution enables retail and corporate consumers to access
      banking services through mobile SMS, GPRS, 3G and USSD-enabled
      handsets.

    - The solution supports multi-host, multilingual,
      multi-channel, multi-currency banking. It facilitates interactive
      financial management encompassing product selection, proximity
      payments, remote deposit capture, new account opening, ATM/branch
      locating based on GPS and value added services like mobile ticketing,
      mobile top-up and mobile marketing.

    - The solution's robust integration framework enables seamless
      integration with disparate host systems, facilitating a unified, rich
      and intuitive user experience. Two factor authentication and encryption
      ensure fidelity of transactions.

    - The device-agnostic solution supports over 8000+ mobile
      handsets including basic handsets and smart devices like iPhone,
      BlackBerry(R) smartphones[1] and iPad. Customers can avail banking
      Services through SMS messaging, browser-based mobile banking, rich
      client/download-based mobile banking or USSD messaging. In addition,
      the solution is channel agnostic and can be leveraged to fulfil
      transactions initiated across any other channel.

    - Banks can also leverage Finacle mobile bank-in-a-box
      (www.infosys.com/finacle/solutions/solutions-mobile-bank-in-a-
      box.asp), which is a pre-configured and pre-integrated solution for
      easy and rapid mobile banking deployment in lesser than 30 days.

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Key Quote

According to Haragopal Mangipudi, Global Head - Finacle,
Infosys Technologies, "As channel innovation continues to be a strategic
priority for progressive banks, mobile banking has truly come of age. Finacle
mobile banking 2.0 enables banks to create and leverage game-changing
opportunities, through the mobile channel, to build, deepen and
institutionalize relationships with both customers and new emerging consumer
segments."

About Finacle(TM) Universal Banking Solution

Finacle from Infosys partners with banks to power-up their
innovation agenda, enabling them to differentiate their products and service,
enhance customer experience and achieve greater operational efficiency. This
proven and effective… framework for multi-disciplinary change, enables
banks to shift their strategic and operational priorities.

Finacle solutions address the core banking, e-banking, Islamic banking,
treasury, wealth management and CRM requirements of retail, corporate and
universal banks worldwide.

Several powerful and differentiating features make Finacle one of the
most comprehensive, flexible and scalable universal banking solution in its
class. These solutions when associated with Finacle services empower banks to
maximize their opportunities for growth, while minimizing the risks that come
with large-scale business transformation. For more information, visit
www.infosys.com/finacle

About Infosys Technologies Ltd.

Infosys (NASDAQ: INFY) defines, designs and delivers
IT-enabled business solutions. These solutions focus on providing strategic
differentiation and operational superiority to clients. As on September 30,
2010 the Infosys group employed about 122,500 employees in over 50 offices
worldwide. Infosys is part of the NASDAQ-100 Index and The Global Dow. For
more information, visit www.infosys.com.

Infosys Safe Harbor

Statements in connection with this release may include
forward-looking statements within the meaning of US Securities laws intended
to qualify for the "safe harbor" under the Private Securities Litigation
Reform Act. These forward-looking statements are subject to risks and
uncertainties including those described in our SEC filings available at
www.sec.gov including our Annual Report on Form 20-F for the year
ended March 31, 2010, and our other recent filings, and actual results may
differ materially from those projected by forward-looking statements. We may
make additional written and oral forward-looking statements but do not
undertake, and disclaim any obligation, to update them.

[1] The Trademark BlackBerry(R) smartphones is owned by Research In
Motion Limited and is registered in the United States and may be pending or
registered in other countries. Infosys Technologies Limited is not endorsed,
sponsored, affiliated with or otherwise authorized by Research In Motion
Limited.

    Press contact:

    Infosys Press Office - Asia
    Pacific
    Sujeet Pramanik
    Infosys Technologies Ltd,
    India
    +91-80-4105-7551
    Sujeet_Pramanik@infosys.com

    Infosys Press Office - EMEA
    Antonia Maneta
    Infosys Technologies Ltd, UK
    Phone: +44(0)207-715-3499
    Antonia_Maneta@infosys.com

    Infosys Press Office - The Americas
    Peter McLaughlin
    Infosys Technologies Ltd, USA
    Phone: +1-213-622-4949, Ext 206
    Peter_McLaughlin@infosys.com

Press contact: Infosys Press Office - Asia Pacific, Sujeet Pramanik, Infosys Technologies Ltd,
India, +91-80-4105-7551, Sujeet_Pramanik at infosys.com; Infosys Press Office - EMEA:
Antonia Maneta, Infosys Technologies Ltd, UK, Phone: +44(0)207-715-3499, Antonia_Maneta at infosys.com; Infosys Press Office - The Americas, Peter McLaughlin, Infosys Technologies Ltd, USA, Phone: +1-213-622-4949, Ext 206, Peter_McLaughlin at infosys.com