Latest news with #MelosSulicich
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 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.
