Difficulty: Medium
Correct Answer: Infosys
Explanation:
Introduction / Context:
Indian IT firms have created several core banking and financial products that are used by banks across the world. Many competitive exams test whether candidates can correctly link a software product name with the IT company that developed it. This question focuses on the banking software product called \"Financial Core\" and asks which Indian IT company created it.
Given Data / Assumptions:
Concept / Approach:
The concept is brand and product association within the Indian IT industry. Different IT companies have been credited with different banking solutions:
Step-by-Step Solution:
Step 1: Recognise that all four options are leading Indian IT service providers.
Step 2: Recall that Infosys has a strong identity in the core banking software domain through products like Finacle and related suites.
Step 3: Consider that Wipro, Satyam, and TCS also have financial solutions, but the name \"Financial Core\" appears in question banks specifically under Infosys.
Step 4: Use this association to select Infosys as the company that developed Financial Core.
Verification / Alternative check:
The same question appears in multiple corporate and business awareness MCQ sets where the official key indicates Infosys as the correct option for the development of Financial Core banking software. This repeated pattern across exam resources is a reliable check supporting the answer.
Why Other Options Are Wrong:
Wipro: Although the company offers financial services solutions, it is not credited with this specific product name in typical GK question sets.
Satyam: Historically an important IT firm, but not the one listed as the developer of Financial Core in common exam material.
TCS: Tata Consultancy Services is a leader in banking software, but the product named Financial Core in these question banks is associated with Infosys, not TCS.
Common Pitfalls:
The main difficulty is that all the options are plausible and all have banking clients. Students who do not pay attention to specific product names may simply guess. A good preparation technique is to build a short mapping table of key Indian IT firms and their flagship products: for example, Infosys – Finacle and Financial Core, TCS – BaNCS, and so on. This mapping helps to answer many such brand-product questions correctly.
Final Answer:
The banking software product \"Financial Core\" was developed by Infosys.
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