Latest news with #InfosysFinacle
Finextra
21-05-2025
- Business
- Finextra
Bank of Sydney turns to Infosys Finacle for digital banking
Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NSE, BSE, NYSE: INFY), and Bank of Sydney (BoS), today announced the bank's decision to select Infosys Finacle Digital Banking Suite to power its transformation. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Through this strategic collaboration, Bank of Sydney aims to deliver a best-in-class staff and customer experience, reduce cost and complexity through automation and digitization, and position itself strongly for future growth. BoS will access the Finacle solutions suite in Software-as-a-Services (SaaS) mode through AWS cloud, including the Finacle Core Banking Solution, Finacle Digital Engagement Hub, Finacle Online Banking, Finacle Mobile Banking, and Finacle Digital Onboarding solutions. Among other benefits, the next-gen Infosys Finacle Digital Banking Suite will also enable BoS to: Accelerate transformation with the Finacle Reference Bank – a preconfigured solution with Australia-ready products and processes. Enhance digital experience by delivering superior omni-channel self-service capabilities through mobile and online banking. Simplify the bank's IT landscape by retiring multiple applications, reducing technical debt and creating a more agile IT environment. Innovate at scale leveraging configuration-driven product and service innovation, while seamlessly integrating with the broader ecosystem through open APIs. Scale dynamically to support the business growth leveraging the AWS cloud-powered services. Melos Sulicich, Chief Executive Officer, Bank of Sydney, said, 'At Bank of Sydney, our strategic goal is to become the leading deposit bank in Australia and to drive significant business growth in the coming years. This requires adapting to rapidly changing customer needs, digital advancements, and regulatory requirements. Transforming our technology stack, centered around our core and digital banking platform, is crucial to meeting these objectives. With Infosys Finacle, we have a proven transformation partner and a next-generation banking platform to address the evolving needs of our business, customers, and regulatory ecosystem.' Jamie Simon, Director, Banking and Financial Services (A/NZ), AWS, said, 'AWS's collaboration with Infosys Finacle is a commitment to empowering banks with scalability, agility, and flexibility. By leveraging Finacle on AWS, Bank of Sydney is accelerating its digital transformation to enhance customer experiences, achieving faster time to market while optimizing costs. The deployment on AWS provides the bank with a highly secure, agile environment, enabling seamless scalability and integration of digital services. We are excited to support Bank of Sydney in this journey and help drive its continued growth and innovation.' Sajit Vijayakumar, Chief Business Officer, Infosys Finacle, said, 'We are thrilled to announce our collaboration with Bank of Sydney, marking a significant milestone in our expanding presence in Australia. This partnership underscores our commitment to providing flexible and affordable modernization solutions to Australian financial institutions. With Infosys Finacle's advanced cloud-native suite on AWS, Bank of Sydney will benefit from a modern, customer-centric digital banking platform, enabling better engagement, innovation, and operation. We look forward to supporting our customers in Australia and helping them thrive in the digital age.'
Business Standard
21-05-2025
- Business
- Business Standard
Bank of Sydney selects Infosys Finacle Digital Banking Suite on AWS cloud
Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, and Bank of Sydney (BoS), today announced the bank's decision to select the Infosys Finacle Digital Banking Suite to power its transformation. Through this strategic collaboration, Bank of Sydney aims to deliver a best-in-class staff and customer experience, reduce cost and complexity through automation and digitization, and position itself strongly for future growth. BoS will access the Finacle solutions suite in Software-as-a-Services (SaaS) mode through AWS cloud, including the Finacle Core Banking Solution, Finacle Digital Engagement Hub, Finacle Online Banking, Finacle Mobile Banking, and Finacle Digital Onboarding solutions. Sajit Vijayakumar, Chief Business Officer and Global Head, Infosys Finacle, said, We are thrilled to announce our collaboration with Bank of Sydney, marking a significant milestone in our expanding presence in Australia. This partnership underscores our commitment to providing flexible and affordable modernization solutions to Australian financial institutions. With Infosys Finacle's advanced cloud-native suite on AWS, Bank of Sydney will benefit from a modern, customer-centric digital banking platform, enabling better engagement, innovation, and operation. We look forward to supporting our customers in Australia and helping them thrive in the digital age.
Business Upturn
21-05-2025
- Business
- Business Upturn
Infosys arm to power Bank of Sydney's digital transformation on AWS Cloud
By Aditya Bhagchandani Published on May 21, 2025, 09:41 IST Infosys Finacle, the banking solutions unit of EdgeVerve Systems (a subsidiary of Infosys), has announced a strategic collaboration with Bank of Sydney to implement the Finacle Digital Banking Suite on Amazon Web Services (AWS) Cloud. Bank of Sydney aims to leverage this platform to accelerate its digital transformation, simplify IT infrastructure, enhance customer experience, and reduce operational costs through automation. The deployment includes core banking, mobile and online banking, onboarding, and engagement hubs — all offered in SaaS mode via AWS. Key highlights of the deal: BoS will benefit from a preconfigured, Australia-ready version of Finacle's Reference Bank to speed up go-live. The cloud-native suite will help the bank innovate faster and integrate efficiently using open APIs. This will enable the bank to retire legacy applications and modernize its tech stack with enhanced agility. Bank of Sydney's CEO Melos Sulicich said, 'With Infosys Finacle, we have a next-generation banking platform to address the evolving needs of our customers, business, and regulatory ecosystem.' AWS and Infosys representatives also stressed the significance of this partnership in delivering scalable, secure, and customer-centric digital banking solutions. This marks another milestone in Infosys Finacle's growing presence in the Australian banking sector. Disclaimer: Certain statements in this article are forward-looking and subject to risks and uncertainties as outlined in Infosys' filings with the US SEC. 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.
Yahoo
16-05-2025
- Business
- Yahoo
DNB Bank expands tie up with Infosys to expedite IT modernisation
Norway's DNB Bank ASA has expanded its partnership with IT services provider Infosys to speed up its digital transformation. The alliance will utilise Infosys' technological services and solutions, including the Infosys Finacle platform, with the aim of modernising DNB's IT systems to improve resilience, and enhanced experience to its customers. The extended partnership will focus on strengthening DNB's IT infrastructure and customer service capabilities through Infosys' domain expertise and technological solutions. The initiative is expected to address potential risks and minimise operational disruptions to facilitate continuous service delivery. Additionally, the collaboration will involve a phased modernisation of DNB's legacy systems and processes across various business functions. This approach is intended to enable the bank to provide personalised lending options to its clientele, the press release stated. DNB Technology & Services Group Executive Vice President and COO Elin Sandnes said: 'At DNB, we are focused on leveraging technology to create great customer experiences. As part of this, we are constantly developing new products and services while simultaneously driving a digital transformation agenda that is deeply rooted across all our operations. 'With our extended collaboration with Infosys, we are modernising our IT infrastructure and leveraging advanced technologies like AI and ML to enable seamless, personalised, and agile services to our customers. This partnership allows us to proactively address our customers' evolving needs and ensure they receive the best possible banking experience from DNB.' Infosys has been increasing its presence in the Nordic region through partnerships, acquisitions, and the establishment of new operational centres. Infosys Banking & Financial Services Global Head and executive vice president Dennis Gada stated: 'Infosys is committed to helping DNB advance its digital transformation journey and enabling them to deliver best-in-class banking services and solutions to its customers. 'Our proven track record in large-scale IT transformations enables DNB to remain resilient while embracing rapid change. The collaboration further underscores our growth and leadership to serve the needs of the Nordic region.' Last month, AIB, a Dublin based financial services provider, also expanded its partnership with Infosys. "DNB Bank expands tie up with Infosys to expedite IT modernisation " was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
Infosys Extends Strategic Collaboration with DNB Bank ASA to Accelerate its Digital Transformation
Leveraging Infosys' global expertise in digital transformation, the collaboration will modernize the bank's IT landscape, enhance customer experience, and optimize operational efficiency BENGALURU, India, May 15, 2025 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced an expansion of its strategic collaboration with DNB Bank ASA (DNB), Norway's largest bank, to accelerate the bank's digital transformation. The collaboration will leverage Infosys' services, solutions, and platforms, including the Infosys Finacle platform to accelerate their IT modernization journey, improve resilience, and deliver enhanced customer experience. Through this collaboration Infosys will enhance DNB's IT resilience and customer service capabilities by applying its deep domain expertise and next-generation technologies. It will also help deliver a comprehensive suite of services and solutions that will proactively mitigate risks and minimize disruptions, thereby ensuring seamless service delivery supporting the bank's modernization journey and strategic goals. Additionally, Infosys will modernize DNB's legacy systems and processes in a phased manner across various functions, enabling it to deliver more agile and personalized lending solutions to its customers. Elin Sandnes, COO and Group Executive Vice President Technology & Services, DNB, said, "At DNB, we are focused on leveraging technology to create great customer experiences. As part of this, we are constantly developing new products and services while simultaneously driving a digital transformation agenda that is deeply rooted across all our operations. With our extended collaboration with Infosys, we are modernizing our IT infrastructure and leveraging advanced technologies like AI and ML to enable seamless, personalized, and agile services to our customers. This partnership allows us to proactively address our customers' evolving needs and ensure they receive the best possible banking experience from DNB." Dennis Gada, Executive Vice President and Global Head of Banking & Financial Services, Infosys, said, "Infosys is committed to helping DNB advance its digital transformation journey and enabling them to deliver best-in-class banking services and solutions to its customers. By leveraging Infosys Finacle's industry-leading banking platform and our deep financial services expertise, we are proud to serve as DNB's strategic partner in modernizing their IT infrastructure and unlocking new avenues for innovation and growth. Our proven track record in large-scale IT transformations enables DNB to remain resilient while embracing rapid change. The collaboration further underscores our growth and leadership to serve the needs of the Nordic region." In recent years, Infosys has significantly enhanced its presence within the Nordic region through strategic alliances, acquisitions, and the establishment of new regional operational hubs. This expansion reflects a commitment to deepening its capabilities and service delivery and also support organizations in the Nordics with their IT and overall business transformation initiatives. About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace. Visit to see how Infosys (NYSE: INFY) can help your enterprise navigate your next. Safe Harbor Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2024. These filings are available at Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law. Logo: View original content: SOURCE Infosys
