<PAGE>   1

   As filed with the Securities and Exchange Commission on October __, 1996

                                                Registration No. 333-
===============================================================================

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM S-8

                             REGISTRATION STATEMENT
                                      UNDER
                           THE SECURITIES ACT OF 1933
                 ----------------------------------------------
                       INFINITY FINANCIAL TECHNOLOGY, INC.
             (Exact name of Registrant as Specified in Its Charter)
                 ----------------------------------------------

           DELAWARE                                     77-0227321
 (State or Other Jurisdiction                        (I.R.S. Employer
of Incorporation or Organization)                   Identification No.)

                                 640 CLYDE COURT
                             MOUNTAIN VIEW, CA 94043
                    (Address of Principal Executive Offices)

                            1996 STOCK INCENTIVE PLAN
                        1996 EMPLOYEE STOCK PURCHASE PLAN
                            (Full Title of the Plans)
                 ----------------------------------------------
                                TERRY H. CARLITZ
               CHIEF FINANCIAL OFFICER AND VICE PRESIDENT, FINANCE
                       INFINITY FINANCIAL TECHNOLOGY, INC.
                                 640 CLYDE COURT
                             MOUNTAIN VIEW, CA 94043
                     (Name and Address of Agent for Service)

                                 (415) 940-6100
          (Telephone Number, Including Area Code, of Agent For Service)

                                    Copy to:
                            MICHAEL C. PHILLIPS, ESQ.
                               CORI M. ALLEN, ESQ.
                             MORRISON & FOERSTER LLP
                               755 PAGE MILL ROAD
                               PALO ALTO, CA 94304
                                 (415) 813-5600
               --------------------------------------------------
                         CALCULATION OF REGISTRATION FEE
-------------------------------------------------------------------------------
<TABLE>
<CAPTION>
                                                                              Proposed               Proposed
                                 Amount                Maximum                Maximum                Amount of
Title of Securities               to be            Offering Price        Aggregate Offering        Registration
to be Registered              Registered(1)         Per Share(2)              Price(2)                  Fee
----------------              -------------         ------------              --------                  ---
<S>                             <C>                      <C>                <C>                       <C>   
Common Stock, $.001 par
value per share                 1,100,000                $17                $18,700,000               $6,449
</TABLE>
-------------------------------------------------------------------------------
(1)  Includes 800,000 shares to be registered under the 1996 Stock Incentive
     Plan and 300,000 shares to be registered under the 1996 Employee Stock
     Purchase Plan.

(2)  Estimated solely for the purpose of calculating the registration fee.

===============================================================================

                               Page 1 of 11 pages.
                   The Index to Exhibits appears on page II-8.
<PAGE>   2
                                     PART II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT


ITEM 3.    INCORPORATION OF DOCUMENTS BY REFERENCE.

       The following documents filed by Infinity Financial Technology, Inc. (the
"Registrant") with the Securities and Exchange Commission (the "Commission") are
incorporated by reference herein:

       (a) The Registrant's Registration Statement on Form S-1 (the
"Registration Statement") as declared effective on October 24, 1996 (No.
333-8647), which includes audited financial statements for the Registrant's
latest fiscal year, and the Propectus included therein.

       (b) All other reports filed by the Registrant pursuant to Section 13(a)
or 15(d) of the Securities Exchange Act of 1934 (the "Exchange Act") since the
end of the fiscal year covered by the audited financial statements described in
(a) above.

       (c) The description of the Registrant's Common Stock which is contained
in its Registration Statement on Form 8-A dated October 24, 1996 filed under the
Exchange Act, including any amendment or report filed for the purpose of
updating such description.

       All documents filed by the Registrant with the Commission pursuant to
Section 13(a), 13(c), 14 or 15(d) of the Exchange Act, prior to the filing of a
post-effective amendment which indicates that all securities offered have been
sold or which deregisters all securities then remaining unsold, shall be deemed
to be incorporated by reference into this Registration Statement and to be a
part hereof from the date of filing of such documents. Any statement contained
in a document incorporated by reference herein shall be deemed to be modified or
superseded for purposes of this Registration Statement to the extent that a
statement contained herein or in any other subsequently filed document which
also is or is deemed to be incorporated by reference herein modifies or
supersedes such statement. Any statement so modified or superseded shall not be
deemed, except as so modified or superseded, to constitute a part of this
Registration Statement.

ITEM 4.    DESCRIPTION OF SECURITIES.

       Not applicable.

ITEM 5.    INTERESTS OF NAMED EXPERTS AND COUNSEL.

       Not applicable.


                                      II-1
                               Page 2 of 11 Pages

<PAGE>   3
ITEM 6.    INDEMNIFICATION OF DIRECTORS AND OFFICERS.

       Section 145 ("Section 145") of the Delaware General Corporation Law
("DGCL") provides a detailed statutory framework covering indemnification of
officers and directors against liabilities and expenses arising out of legal
proceedings brought against them by reason of their being or having been
directors or officers. Section 145 generally provides that a director or officer
of a corporation (i) shall be indemnified by the corporation for all expenses of
such legal proceedings when he is successful on the merits, (ii) may be
indemnified by the corporation for the expenses, judgments, fines and amounts
paid in settlement of such proceedings (other than a derivative suit), even if
he is not successful on the merits, if he acted in good faith and in a manner he
reasonably believed to be in or not opposed to the best interests of the
corporation, and, with respect to any criminal action or proceeding, had no
reasonable cause to believe his conduct was unlawful, and (iii) may be
indemnified by the corporation for the expenses of a derivative suit (a suit by
a stockholder alleging a breach by a director or officer of a duty owed to the
corporation), even if he is not successful on the merits, if he acted in good
faith and in a manner he reasonably believed to be in or not opposed to the best
interests of the corporation. No indemnification may be made under clause (iii)
above, however, if the director or officer is adjudged liable for negligence or
misconduct in the performance of his duties to the corporation, unless a
corporation determines that, despite such adjudication, but in view of all the
circumstances, he is entitled to indemnification. The indemnification described
in clauses (ii) and (iii) above may be made only upon a determination that
indemnification is proper because the applicable standard of conduct has been
met. Such a determination may be made by a majority of a quorum of disinterested
directors, independent legal counsel, the stockholders or a court of competent
jurisdiction. The Company's Certificate of Incorporation provides that the
Company shall indemnify to the fullest extent permitted by Section 145, as it
now exists or as amended, all persons whom it may indemnify pursuant thereto.

       Section 102(b)(7) of the DGCL permits a corporation to provide in its
Certificate of Incorporation that a director of the corporation shall not be
personally liable to the corporation or its stockholders for monetary damages
for breach of fiduciary duty as a director, except for liability (i) for any
breach of the director's duty of loyalty to the corporation or its stockholders,
(ii) for acts or omissions not in good faith or which involve intentional
misconduct or a knowing violation of law, (iii) under Section 174 of the DGCL,
or (iv) for any transaction from which the director derived an improper personal
benefit. The Company's Certificate of Incorporation provides for the elimination
of personal liability of a director for breach of fiduciary duty, as permitted
by Section 102(b)(7) of the DGCL.

       Section 7 of the Form of Underwriting Agreement, attached as Exhibit 1.1
to the Registration Statement on Form S-1, contains certain provisions relating
to indemnification.

       The Company intends to obtain liability insurance insuring the Company's
officers and directors against liabilities that they may incur in such
capacities.


                                     II-2
                               Page 3 of 11 Pages
<PAGE>   4
       The Company has entered into agreements to indemnify its directors and
executive officers, in addition to indemnification provided for in the Company's
charter documents. These agreements, among other things, provide for the
indemnification of the Company's directors and executive officers for certain
expenses (including attorneys' fees), judgments, fines and settlement amounts
incurred by any such person in any action or proceeding, including any action by
or in the right of the Company, arising out of such person's services as a
director or executive officer of the Company, any subsidiary of the Company or
any other company or enterprise to which such person provides services at the
request of the Company to the fullest extent permitted by applicable law. The
Company believes that these provisions and agreements will assist the Company in
attracting and retaining qualified persons to serve as directors and executive
officers.

ITEM 7.    EXEMPTION FROM REGISTRATION CLAIMED.

       Not applicable.


                                      II-3
                               Page 4 of 11 Pages
<PAGE>   5
ITEM 8.    EXHIBITS.

       4.1      Form of Amended and Restated Certificate of Incorporation of the
                Registrant (incorporated by reference to Exhibit 3.1 to the
                Registrant's Registration Statement on Form S-1 (Commission File
                No. 333-6857) which became effective on October 24, 1996 (the
                "Registration Statement on Form S-1")).

       4.2      Registrant's Amended and Restated Bylaws (incorporated by
                reference to Exhibit 3.2 to the Registration Statement on Form
                S-1).

       4.3      1996 Stock Incentive Plan and 1996 Employee Stock Purchase Plan
                and form of Stock Option Agreements (incorporated by reference
                to Exhibits 10.13, 10.14, 10.15 and 10.16 to the Registration
                Statement on Form S-1).

        5.1     Opinion of Morrison & Foerster LLP.

       23.1     Consent of Morrison & Foerster LLP (contained in Exhibit 5.1).

       23.2     Consent of Ernst & Young LLP, independent auditors.

       24.1     Power of Attorney (See page II-7).

ITEM 9.    UNDERTAKINGS.

                   (a) The undersigned Registrant hereby undertakes:

              (1) To file, during any period in which offers or sales are being
made, a post-effective amendment to this Registration Statement:

                   (i) To include any prospectus required by Section 10(a)(3) of
the Securities Act;

                   (ii) To reflect in the prospectus any facts or events arising
after the effective date of the Registration Statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate,
represent a fundamental change in the information set forth in the Registration
Statement;

                   (iii) To include any material information with respect to the
plan of distribution not previously disclosed in this Registration Statement or
any material change to such information in the Registration Statement.


                                      II-4
                               Page 5 of 11 Pages
<PAGE>   6
       Provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply
if this Registration Statement is on Form S-3 or Form S-8 and the information
required to be included in a post-effective amendment by those paragraphs is
contained in periodic reports filed by the Registrant pursuant to Section 13 or
Section 15(d) of the Exchange Act that are incorporated by reference in this
Registration Statement.

              (2) That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered herein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.

              (3) To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the
termination of the offering.

       (b) The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the
Exchange Act (and, where applicable, each filing of an employee benefit plan's
annual report pursuant to Section 15(d) of the Exchange Act) that is
incorporated by reference in the Registration Statement shall be deemed to be a
new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.

       (c) Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to directors, officers and controlling persons
of the Registrant pursuant to the foregoing provisions or otherwise, the
Registrant has been advised that in the opinion of the Commission such
indemnification is against public policy as expressed in the Securities Act, and
is, therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than the payment by the Registrant of expenses
incurred by a director, officer or controlling person of the Registrant in the
successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the matter
has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Securities Act and will be governed by the final
adjudication of such issue.


                                      II-5
                               Page 6 of 11 Pages
<PAGE>   7


SIGNATURES

        Pursuant to the requirements of the Securities Act of 1933, as amended,
Infinity Financial Technology, Inc. certifies that it has reasonable grounds to
believe that it meets all the requirements for filing on Form S-8 and has duly
caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Mountain View, State of
California, on October 24, 1996.


                                  INFINITY FINANCIAL TECHNOLOGY, INC.


                                  By:   /s/ Terry H. Carlitz
                                        --------------------------------
                                        Terry H. Carlitz
                                        Chief Financial Officer and Vice
                                        President, Finance

                                POWER OF ATTORNEY

        KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature
appears below constitutes and appoints, severally and not jointly, Roger A. Lang
and Terry H. Carlitz, with full power to act alone, his true and lawful
attorneys-in-fact, with the power of substitution, for him and in his name,
place and stead, in any and all capacities, to sign any and all amendments
(including post-effective amendments) to this Registration Statement, and to
file the same, with all exhibits thereto, and other documents in connection
therewith, with the Securities and Exchange Commission, granting unto said
attorneys-in-fact full power and authority to do and perform each and every act
and thing requisite and necessary to be done as fully to all intents and
purposes as he might or could do in person, hereby ratifying and confirming all
that said attorneys-in-fact may lawfully do or cause to be done by virtue
hereof.

        Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the dates indicated:
<TABLE>
<CAPTION>
                 Signature                                        Title                        Date
                 ---------                                        -----                        ----
<S>                                            <C>                                           <C>              
                                               
             /s/ Roger A. Lang                 President, Chief Executive Officer and        Oct. 24, 1996
---------------------------------------------  Director (Principal Executive Officer)
               Roger A. Lang


            /s/ Terry H. Carlitz               Chief Financial Officer and Vice              Oct. 24, 1996
---------------------------------------------  President, Finance (Principal Financial
              Terry H. Carlitz                 and Accounting Officer)


</TABLE>


                                      II-6
                               Page 7 of 11 Pages
<PAGE>   8
<TABLE>
<S>                                            <C>                                           <C>              
           /s/ Charles H. Marston              Director                                      Oct. 24, 1996
---------------------------------------------
             Charles H. Marston


           /s/ Till M. Guldimann               Director                                      Oct. 24, 1996
---------------------------------------------
             Till M. Guldimann


             /s/ John C. Lewis                 Director                                      Oct. 24, 1996
---------------------------------------------
               John C. Lewis


            /s/ Douglas M. Leone               Director                                      Oct. 24, 1996
---------------------------------------------
              Douglas M. Leone


             /s/ James Dorrian                 Director                                      Oct. 24, 1996
---------------------------------------------
               James Dorrian
</TABLE>




<PAGE>   9
EXHIBIT INDEX

<TABLE>
<CAPTION>
EXHIBIT                                                                                            SEQUENTIAL
NUMBER                              DESCRIPTION                                                      PAGE NO.
-------                             -----------                                                    ----------   
<S>               <C>                                                                                 <C>        
4.1               Form of Amended and Restated Certificate of Incorporation of
                  the Registrant (incorporated by reference to Exhibit 3.1 to
                  the Registrants' Registration Statement on Form S-1
                  (Commission File No. 333-8647) which became effective on
                  October 24, 1996 (the "Registration Statement on Form S-1")).

4.2               Registrant's Amended and Restated Bylaws (incorporated by
                  reference to Exhibit 3.2 to the Registration Statement on Form
                  S-1).

4.3               1996 Stock Incentive Plan and 1996 Employee Stock Purchase
                  Plan and form of Stock Option Agreements (incorporated by
                  reference to Exhibit 10.5 to the Registration Statement on
                  Form S-1).

5.1               Opinion of Morrison & Foerster LLP.                                                    10

23.1              Consent of Morrison & Foerster LLP (contained in Exhibit 5.1).                         10

23.2              Consent of Ernst & Young LLP, independent auditors.                                    11

24.1              Power of Attorney (See pages II-6, II-7).                                              6/7
</TABLE>


                                      II-8
                               Page 9 of 11 Pages
[{"type": "S-8", "sequence": "1", "description": "INFINITY FINANCIAL TECHNOLOGY, INC., FORM S-8", "secsgml_size_bytes": 21603}]
{"company-data": {"conformed-name": "INFINITY FINANCIAL TECHNOLOGY INC", "cik": "0001017657", "assigned-sic": "7372", "irs-number": "770227321", "state-of-incorporation": "CA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-14805", "film-number": "96647634"}, "business-address": {"street1": "640 CLYDE COURT", "city": "MOUNTAIN VIEW", "state": "CA", "zip": "94043", "phone": "4159406100"}, "mail-address": {"street1": "640 CLYDE COURT", "city": "MOUNTAIN VIEW", "state": "CA", "zip": "94043"}}
1

   As filed with the Securities and Exchange Commission on October __, 1996

                                                Registration No. 333-
===============================================================================

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM S-8

                             REGISTRATION STATEMENT
                                      UNDER
                           THE SECURITIES ACT OF 1933
                 ----------------------------------------------
                       INFINITY FINANCIAL TECHNOLOGY, INC.
             (Exact name of Registrant as Specified in Its Charter)
                 ----------------------------------------------

           DELAWARE                                     77-0227321
 (State or Other Jurisdiction                        (I.R.S. Employer
of Incorporation or Organization)                   Identification No.)

                                 640 CLYDE COURT
                             MOUNTAIN VIEW, CA 94043
                    (Address of Principal Executive Offices)

                            1996 STOCK INCENTIVE PLAN
                        1996 EMPLOYEE STOCK PURCHASE PLAN
                            (Full Title of the Plans)
                 ----------------------------------------------
                                TERRY H. CARLITZ
               CHIEF FINANCIAL OFFICER AND VICE PRESIDENT, FINANCE
                       INFINITY FINANCIAL TECHNOLOGY, INC.
                                 640 CLYDE COURT
                             MOUNTAIN VIEW, CA 94043
                     (Name and Address of Agent for Service)

                                 (415) 940-6100
          (Telephone Number, Including Area Code, of Agent For Service)

                                    Copy to:
                            MICHAEL C. PHILLIPS, ESQ.
                               CORI M. ALLEN, ESQ.
                             MORRISON & FOERSTER LLP
                               755 PAGE MILL ROAD
                               PALO ALTO, CA 94304
                                 (415) 813-5600
               --------------------------------------------------
                         CALCULATION OF REGISTRATION FEE
-------------------------------------------------------------------------------
Proposed               Proposed
                                 Amount                Maximum                Maximum                Amount of
Title of Securities               to be            Offering Price        Aggregate Offering        Registration
to be Registered              Registered(1)         Per Share(2)              Price(2)                  Fee
----------------              -------------         ------------              --------                  ---
Common Stock, $.001 par
value per share                 1,100,000                $17                $18,700,000               $6,449
-------------------------------------------------------------------------------
(1)  Includes 800,000 shares to be registered under the 1996 Stock Incentive
     Plan and 300,000 shares to be registered under the 1996 Employee Stock
     Purchase Plan.

(2)  Estimated solely for the purpose of calculating the registration fee.

===============================================================================

                               Page 1 of 11 pages.
                   The Index to Exhibits appears on page II-8.
2
                                     PART II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

ITEM 3.    INCORPORATION OF DOCUMENTS BY REFERENCE.

       The following documents filed by Infinity Financial Technology, Inc. (the
"Registrant") with the Securities and Exchange Commission (the "Commission") are
incorporated by reference herein:

       (a) The Registrant's Registration Statement on Form S-1 (the
"Registration Statement") as declared effective on October 24, 1996 (No.
333-8647), which includes audited financial statements for the Registrant's
latest fiscal year, and the Propectus included therein.

       (b) All other reports filed by the Registrant pursuant to Section 13(a)
or 15(d) of the Securities Exchange Act of 1934 (the "Exchange Act") since the
end of the fiscal year covered by the audited financial statements described in
(a) above.

       (c) The description of the Registrant's Common Stock which is contained
in its Registration Statement on Form 8-A dated October 24, 1996 filed under the
Exchange Act, including any amendment or report filed for the purpose of
updating such description.

       All documents filed by the Registrant with the Commission pursuant to
Section 13(a), 13(c), 14 or 15(d) of the Exchange Act, prior to the filing of a
post-effective amendment which indicates that all securities offered have been
sold or which deregisters all securities then remaining unsold, shall be deemed
to be incorporated by reference into this Registration Statement and to be a
part hereof from the date of filing of such documents. Any statement contained
in a document incorporated by reference herein shall be deemed to be modified or
superseded for purposes of this Registration Statement to the extent that a
statement contained herein or in any other subsequently filed document which
also is or is deemed to be incorporated by reference herein modifies or
supersedes such statement. Any statement so modified or superseded shall not be
deemed, except as so modified or superseded, to constitute a part of this
Registration Statement.

ITEM 4.    DESCRIPTION OF SECURITIES.

       Not applicable.

ITEM 5.    INTERESTS OF NAMED EXPERTS AND COUNSEL.

       Not applicable.

                                      II-1
                               Page 2 of 11 Pages
3
ITEM 6.    INDEMNIFICATION OF DIRECTORS AND OFFICERS.

       Section 145 ("Section 145") of the Delaware General Corporation Law
("DGCL") provides a detailed statutory framework covering indemnification of
officers and directors against liabilities and expenses arising out of legal
proceedings brought against them by reason of their being or having been
directors or officers. Section 145 generally provides that a director or officer
of a corporation (i) shall be indemnified by the corporation for all expenses of
such legal proceedings when he is successful on the merits, (ii) may be
indemnified by the corporation for the expenses, judgments, fines and amounts
paid in settlement of such proceedings (other than a derivative suit), even if
he is not successful on the merits, if he acted in good faith and in a manner he
reasonably believed to be in or not opposed to the best interests of the
corporation, and, with respect to any criminal action or proceeding, had no
reasonable cause to believe his conduct was unlawful, and (iii) may be
indemnified by the corporation for the expenses of a derivative suit (a suit by
a stockholder alleging a breach by a director or officer of a duty owed to the
corporation), even if he is not successful on the merits, if he acted in good
faith and in a manner he reasonably believed to be in or not opposed to the best
interests of the corporation. No indemnification may be made under clause (iii)
above, however, if the director or officer is adjudged liable for negligence or
misconduct in the performance of his duties to the corporation, unless a
corporation determines that, despite such adjudication, but in view of all the
circumstances, he is entitled to indemnification. The indemnification described
in clauses (ii) and (iii) above may be made only upon a determination that
indemnification is proper because the applicable standard of conduct has been
met. Such a determination may be made by a majority of a quorum of disinterested
directors, independent legal counsel, the stockholders or a court of competent
jurisdiction. The Company's Certificate of Incorporation provides that the
Company shall indemnify to the fullest extent permitted by Section 145, as it
now exists or as amended, all persons whom it may indemnify pursuant thereto.

       Section 102(b)(7) of the DGCL permits a corporation to provide in its
Certificate of Incorporation that a director of the corporation shall not be
personally liable to the corporation or its stockholders for monetary damages
for breach of fiduciary duty as a director, except for liability (i) for any
breach of the director's duty of loyalty to the corporation or its stockholders,
(ii) for acts or omissions not in good faith or which involve intentional
misconduct or a knowing violation of law, (iii) under Section 174 of the DGCL,
or (iv) for any transaction from which the director derived an improper personal
benefit. The Company's Certificate of Incorporation provides for the elimination
of personal liability of a director for breach of fiduciary duty, as permitted
by Section 102(b)(7) of the DGCL.

       Section 7 of the Form of Underwriting Agreement, attached as Exhibit 1.1
to the Registration Statement on Form S-1, contains certain provisions relating
to indemnification.

       The Company intends to obtain liability insurance insuring the Company's
officers and directors against liabilities that they may incur in such
capacities.

                                     II-2
                               Page 3 of 11 Pages
4
       The Company has entered into agreements to indemnify its directors and
executive officers, in addition to indemnification provided for in the Company's
charter documents. These agreements, among other things, provide for the
indemnification of the Company's directors and executive officers for certain
expenses (including attorneys' fees), judgments, fines and settlement amounts
incurred by any such person in any action or proceeding, including any action by
or in the right of the Company, arising out of such person's services as a
director or executive officer of the Company, any subsidiary of the Company or
any other company or enterprise to which such person provides services at the
request of the Company to the fullest extent permitted by applicable law. The
Company believes that these provisions and agreements will assist the Company in
attracting and retaining qualified persons to serve as directors and executive
officers.

ITEM 7.    EXEMPTION FROM REGISTRATION CLAIMED.

       Not applicable.

                                      II-3
                               Page 4 of 11 Pages
5
ITEM 8.    EXHIBITS.

       4.1      Form of Amended and Restated Certificate of Incorporation of the
                Registrant (incorporated by reference to Exhibit 3.1 to the
                Registrant's Registration Statement on Form S-1 (Commission File
                No. 333-6857) which became effective on October 24, 1996 (the
                "Registration Statement on Form S-1")).

       4.2      Registrant's Amended and Restated Bylaws (incorporated by
                reference to Exhibit 3.2 to the Registration Statement on Form
                S-1).

       4.3      1996 Stock Incentive Plan and 1996 Employee Stock Purchase Plan
                and form of Stock Option Agreements (incorporated by reference
                to Exhibits 10.13, 10.14, 10.15 and 10.16 to the Registration
                Statement on Form S-1).

        5.1     Opinion of Morrison & Foerster LLP.

       23.1     Consent of Morrison & Foerster LLP (contained in Exhibit 5.1).

       23.2     Consent of Ernst & Young LLP, independent auditors.

       24.1     Power of Attorney (See page II-7).

ITEM 9.    UNDERTAKINGS.

                   (a) The undersigned Registrant hereby undertakes:

              (1) To file, during any period in which offers or sales are being
made, a post-effective amendment to this Registration Statement:

                   (i) To include any prospectus required by Section 10(a)(3) of
the Securities Act;

                   (ii) To reflect in the prospectus any facts or events arising
after the effective date of the Registration Statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate,
represent a fundamental change in the information set forth in the Registration
Statement;

                   (iii) To include any material information with respect to the
plan of distribution not previously disclosed in this Registration Statement or
any material change to such information in the Registration Statement.

                                      II-4
                               Page 5 of 11 Pages
6
       Provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply
if this Registration Statement is on Form S-3 or Form S-8 and the information
required to be included in a post-effective amendment by those paragraphs is
contained in periodic reports filed by the Registrant pursuant to Section 13 or
Section 15(d) of the Exchange Act that are incorporated by reference in this
Registration Statement.

              (2) That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered herein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.

              (3) To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the
termination of the offering.

       (b) The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the
Exchange Act (and, where applicable, each filing of an employee benefit plan's
annual report pursuant to Section 15(d) of the Exchange Act) that is
incorporated by reference in the Registration Statement shall be deemed to be a
new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.

       (c) Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to directors, officers and controlling persons
of the Registrant pursuant to the foregoing provisions or otherwise, the
Registrant has been advised that in the opinion of the Commission such
indemnification is against public policy as expressed in the Securities Act, and
is, therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than the payment by the Registrant of expenses
incurred by a director, officer or controlling person of the Registrant in the
successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the matter
has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Securities Act and will be governed by the final
adjudication of such issue.

                                      II-5
                               Page 6 of 11 Pages
7

SIGNATURES

        Pursuant to the requirements of the Securities Act of 1933, as amended,
Infinity Financial Technology, Inc. certifies that it has reasonable grounds to
believe that it meets all the requirements for filing on Form S-8 and has duly
caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Mountain View, State of
California, on October 24, 1996.

                                  INFINITY FINANCIAL TECHNOLOGY, INC.

                                  By:   /s/ Terry H. Carlitz
                                        --------------------------------
                                        Terry H. Carlitz
                                        Chief Financial Officer and Vice
                                        President, Finance

                                POWER OF ATTORNEY

        KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature
appears below constitutes and appoints, severally and not jointly, Roger A. Lang
and Terry H. Carlitz, with full power to act alone, his true and lawful
attorneys-in-fact, with the power of substitution, for him and in his name,
place and stead, in any and all capacities, to sign any and all amendments
(including post-effective amendments) to this Registration Statement, and to
file the same, with all exhibits thereto, and other documents in connection
therewith, with the Securities and Exchange Commission, granting unto said
attorneys-in-fact full power and authority to do and perform each and every act
and thing requisite and necessary to be done as fully to all intents and
purposes as he might or could do in person, hereby ratifying and confirming all
that said attorneys-in-fact may lawfully do or cause to be done by virtue
hereof.

        Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the dates indicated:
Signature                                        Title                        Date
                 ---------                                        -----                        ----
/s/ Roger A. Lang                 President, Chief Executive Officer and        Oct. 24, 1996
---------------------------------------------  Director (Principal Executive Officer)
               Roger A. Lang

            /s/ Terry H. Carlitz               Chief Financial Officer and Vice              Oct. 24, 1996
---------------------------------------------  President, Finance (Principal Financial
              Terry H. Carlitz                 and Accounting Officer)
II-6
                               Page 7 of 11 Pages
8
/s/ Charles H. Marston              Director                                      Oct. 24, 1996
---------------------------------------------
             Charles H. Marston

           /s/ Till M. Guldimann               Director                                      Oct. 24, 1996
---------------------------------------------
             Till M. Guldimann

             /s/ John C. Lewis                 Director                                      Oct. 24, 1996
---------------------------------------------
               John C. Lewis

            /s/ Douglas M. Leone               Director                                      Oct. 24, 1996
---------------------------------------------
              Douglas M. Leone

             /s/ James Dorrian                 Director                                      Oct. 24, 1996
---------------------------------------------
               James Dorrian
9
EXHIBIT INDEX
EXHIBIT                                                                                            SEQUENTIAL
NUMBER                              DESCRIPTION                                                      PAGE NO.
-------                             -----------                                                    ----------
4.1               Form of Amended and Restated Certificate of Incorporation of
                  the Registrant (incorporated by reference to Exhibit 3.1 to
                  the Registrants' Registration Statement on Form S-1
                  (Commission File No. 333-8647) which became effective on
                  October 24, 1996 (the "Registration Statement on Form S-1")).

4.2               Registrant's Amended and Restated Bylaws (incorporated by
                  reference to Exhibit 3.2 to the Registration Statement on Form
                  S-1).

4.3               1996 Stock Incentive Plan and 1996 Employee Stock Purchase
                  Plan and form of Stock Option Agreements (incorporated by
                  reference to Exhibit 10.5 to the Registration Statement on
                  Form S-1).

5.1               Opinion of Morrison & Foerster LLP.                                                    10

23.1              Consent of Morrison & Foerster LLP (contained in Exhibit 5.1).                         10

23.2              Consent of Ernst & Young LLP, independent auditors.                                    11

24.1              Power of Attorney (See pages II-6, II-7).                                              6/7
II-8
                               Page 9 of 11 Pages