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Infosys Finacle, UFS Australia complete core-to-digital migration in five months
By Aditya Bhagchandani Published on August 20, 2025, 09:39 IST
Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, on Wednesday (August 20) announced a major milestone in its global banking SaaS business.
Australia's Uniting Financial Services (UFS), a charitable development fund, has successfully subscribed to Infosys Finacle's Digital Banking SaaS Suite on the AWS Cloud. Notably, the entire migration from UFS' incumbent system to the next-gen Finacle suite was completed in under five months, setting a new industry benchmark. What the Deal Covers
The implementation includes a wide range of Finacle solutions: Core Banking System
Finacle Digital Engagement Hub
Online & Mobile Banking Platforms
Customer Data Hub
Alerts System
The transition was supported by the Finacle Australian Reference Bank Model, which comes with preconfigured products, processes, interfaces, and compliance rules, accelerating deployment. Why It Matters for UFS
The collaboration is expected to: Deliver richer omnichannel digital experiences to UFS customers.
Expand its investment product offerings, scale deposits, and strengthen its commercial loan business.
Enable seamless partner integrations via open APIs.
Unlock resilience, scalability, and security with AWS-native infrastructure.
John McComb, Chief Risk Officer and Acting CEO at UFS, said the successful go-live would help the fund modernize its core banking and digital capabilities while enhancing customer experience. Industry Endorsements
Jamie Simon, Director, Banking and Financial Services (A/NZ) at AWS, said the partnership highlighted how AWS infrastructure enables financial institutions to transform operations and enhance digital offerings.
Sajit Vijayakumar, CEO of Infosys Finacle, called the rapid go-live 'a testament to the power of a truly digital, cloud-native platform built for agility, compliance, and scale.' About Infosys Finacle
Finacle is a recognized leader in digital banking solutions, supporting banks in over 100 countries. Its cloud-native suite helps institutions drive transformation across lending, payments, cash management, wealth management, and more.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
