Summit Technology Consulting Group (“STG”), a leading fintech and cloud modernization firm, today announced a collaboration with Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys (NYSE: INFY), and Amazon Web Services (AWS) to bring Finacle’s leading Digital Banking Suite to community financial institutions in the United States. This announcement was made at the ABA Community Bankers Conference in Orlando on February 11th, to an audience of over 1,000 banking executives from across the US.
Finacle is the industry-leading digital banking solution suite that addresses the core banking, omnichannel banking, payments, treasury, origination, cash management, and analytics requirements of financial institutions to drive business excellence. Banks of all sizes in over 100 countries rely on Finacle to service more than a billion consumers and 1.3 billion accounts. STG and Finacle will deliver the Finacle solution suite as a SaaS offering on AWS.
This initiative is directed at allowing community banks to tap into the power of the Finacle solution suite, while providing a service offering and hosting model that is familiar for customers based in the US.
“For years, Finacle has serviced many of the world’s largest banking customers. We recognize that many smaller community banking organizations in the US require modernization within their core and digital systems – we believe this new banking platform initiative will enable new innovation for customers looking to grow, service customers differently, and to optimize the cost of delivery,” stated Ben Wallace, CEO of STG. “Our announcement today reflects our commitment to help community organizations embrace modern core platform capabilities. The Finacle solution suite brings a full range of open APIs and flexible access to data, delivered as a SaaS offering on AWS.”
Venkatramana Gosavi, SVP and Global Head of Client Engagement, Infosys Finacle, “Community banks in the US have long struggled with legacy solution stacks that inhibit innovation and growth. Finacle’s industry-leading digital suite will offer an exciting proposition to transform and gain access to a modern platform leveraged by market disruptors. The suite will help banks dramatically reduce time to market, and operational costs, while empowering them to significantly elevate their customer engagement capabilities. We are happy to collaborate with Summit and AWS to bring this SaaS offering to the market.”
To learn more about the Infosys Finacle solution suite visit https://www.edgeverve.com/finacle/
