Targeting the affluent Islamic Banking community, which needs customised IT solutions, Infosys Technologies is aggressively looking at tapping the burgeoning segment having already bagged a beta customer – Arab National Bank.

“We already have got the first customer Arab National Bank and are developing full-fledged banking solutions for them, (that is) expected to be operational by the end of this year,” Infosys Finacle Vice President and Business Head Merwin Fernandes told PTI.

He said, the company is in talks with several Tier-I and II banks in Middle-East and South East Asia region and is hoping to bag few more orders soon.

Considering that there are more than 300 Islamic financial institutions operating worldwide and many more being set up, the opportunity pie should be substantial, he added
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