Infosys to Offer Finacle to US Banks and Financial Institutions

Infosys to Offer Finacle to US Banks and Financial Institutions
Advertisement
Global software major Infosys Ltd will offer its flagship Finacle product to service US banks' Verizon cloud platforms.

"We will offer solutions to US banks and financial institutions through the software-as-a-service (SaaS) model, which is serving 547 million customers worldwide," the city-based bellwether said in a statement on Friday.

The US-based Verizon Communications operates the country's wireless network with 109 million retail connections nationwide. Its enterprise solutions arm helps clients to improve performance and manage risk using multiple platforms over its secure mobility, cloud computing, and networking.

"Our financial services provide a single real-time view of customers, members, products and transactions. We help banks and credit unions to enhance operational efficiency, speed to market for new offerings and reduce time and cost of compliance," Infosys vice-president Michal Reh said on the occasion.

Finacle's SaaS offering will empower financial institutions to deliver a multichannel experience to customers, without much capital infusion and greater flexibility.

"As providing real-time and compelling customer experience across multiple channels is a difficult task even for financial institutions (FIs), Finacle solutions on Verizon cloud will be able to provide banking services to their customers without major investment," Reh said.

Flexibility of the service helps financial institutions comply with evolving federal and state statutory requirements.

"FIs will benefit from Finacle's solution coverage and high-performance platform hosted on our cloud to help improve agility, achieve sustainable, profitable growth and drive their business," Verizon vice-president Adam Famularo said on the occasion.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: India, Infosys, US
'Vyapam to Be Digitised; Mobile App Launched'
Samsung Galaxy Note 5 Launch Reportedly Advanced to Take on New iPhones
Facebook Gadgets360 Twitter Share Tweet Snapchat LinkedIn Reddit Comment google-newsGoogle News

Advertisement

Follow Us
© Copyright Red Pixels Ventures Limited 2024. All rights reserved.
Trending Products »
Latest Tech News »