Australia based core banking software company Financial Network Services (FNS) was acquired by which Indian information technology company?

Introduction / Context:
Strategic acquisitions are an important part of business awareness and management exams. They show how companies expand their product portfolios, enter new markets, or gain access to specialised technology. Financial Network Services (FNS) is an Australia based provider of core banking solutions. The question checks whether you know which Indian information technology company acquired FNS, a fact that often appears in business GK notes and interview discussions about the growth of the Indian IT sector in global banking software.

Given Data / Assumptions:

• FNS is an Australia based core banking software company.
• The acquiring company is a major Indian IT or technology firm.
• The options include Wipro Technologies, Mindtree, Infosys and TCS.
• We assume the standard, well known acquisition that is usually cited in business GK sources.

Concept / Approach:
To answer such questions, you rely on factual recall of notable mergers and acquisitions. For Indian IT firms, deals in the core banking space are especially significant because they strengthen banking product suites and enhance presence in global financial markets. Infosys had already developed its own core banking product Finacle, and acquiring FNS allowed it to expand its market reach and technology base. The correct strategy is to recall which Indian company is repeatedly associated with banking platforms and acquisitions in this niche.

Step-by-Step Solution:
Step 1: Recognise that all four options are well known Indian IT or technology related firms, but they have different strategic focuses.Step 2: Recall that Infosys is strongly connected with the core banking product Finacle and has long targeted banking and financial services clients.Step 3: Note that Wipro, Mindtree and TCS also work in financial services, but the specific acquisition of FNS is historically linked to Infosys.Step 4: Business GK compilations usually mention that Infosys acquired the Australia based company FNS to strengthen its core banking offerings.Step 5: Therefore the correct choice is "Infosys".

Verification / Alternative check:
An alternative check is to consider which company most aggressively branded itself around a global core banking platform. Infosys marketed Finacle heavily as an integrated banking solution. Buying FNS would logically complement that strategy. TCS has its own platforms such as TCS BaNCS, while Wipro and Mindtree have different focus areas and did not prominently publicise an FNS style acquisition in common exam material. Thus, cross checking with your memory of which company is associated with Finacle and FNS reinforces that Infosys is the right answer.

Why Other Options Are Wrong:
Option a, Wipro Technologies, is a large services firm but is not generally cited as the acquirer of FNS in exam oriented reading. Option b, Mindtree, is a mid sized IT services company and not usually linked with large core banking software acquisitions of this nature. Option d, TCS, has its own set of banking products and different acquisitions, but FNS is specifically associated with Infosys. Therefore these options do not match the known business event described in the question.

Common Pitfalls:
Students sometimes confuse the different banking platforms and acquisitions among Indian IT giants because the names and products can sound similar. It is easy to mix up Finacle, BaNCS and other solutions. Another pitfall is to guess TCS or Wipro simply because of their size rather than recalling the specific connection between Infosys and FNS. To avoid such confusion, it helps to build small mental associations, for example "Infosys – Finacle – FNS", and review them regularly before exams.

Final Answer:
The Australia based core banking software company Financial Network Services (FNS) was acquired by Infosys.