Infosys Finacle, a digital banking solution suite from Infosys’ subsidiary – EdgeVerve Systems and IBM have joined forces to help banks expedite cloud transformation journeys through the Finacle Digital Banking Solution Suite.

According to Infosys, the Finacle Digital Banking Solution Suite will be available for financial services on Red Hat OpenShift and IBM Cloud.

The Indian IT services provider said that its collaboration with IBM will help banks in scaling business transformation, improve their agility, and fuel their growth with an on-demand portfolio of services and products.

Furthermore, the collaboration will assist banks achieve seamless ecosystem connectivity and offer high quality banking experience for their customers and enable them to meet the necessary compliance and security requirements.

Venkatramana Gosavi — Senior Vice President and Global Head of Sales and Alliances of Infosys Finacle said: “Given the benefits, cloud adoption is a necessity for financial institutions that aspire to lead the digital transformation race and achieve significant business performance improvements. Finacle’s industry-leading cloud-native solution suite is designed to help banks unlock this value.

“Together with Infosys Cobalt – a robust set of cloud services, solutions, and platforms, and our collaboration with Red Hat and IBM, we are helping customers realize the benefits of open hybrid cloud for the next generation of financial services innovation.”

Infosys claimed that the deployment of Finacle solution suite with fully managed Red Hat OpenShift on IBM Cloud for Financial Services has been designed to deliver multiple benefits. These include considerable reduction in the total infrastructure readiness timelines, an application deployment platform that is easier and more consistent, end-to-end automation, and improved security features for cloud environments among others.

Gaurav Sharma — Vice President of IBM Cloud and Cognitive Software said: “At IBM, our mission is to de-risk the financial services industry. With more mission-critical workloads moving to the cloud, the IBM Cloud for Financial Services is designed to help institutions accelerate hybrid cloud adoption and drive revenue growth while addressing the need for security, open innovation, and compliance.

“With this collaboration, Infosys Finacle joins a growing ecosystem of more than 100 Independent Software Vendors (ISVs), SaaS providers, Global Systems Integrators (GSIs), and Fintechs leveraging the IBM Cloud for Financial Services.”

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