Today, banks in over 100 countries rely on Finacle to service more than a billion consumers and 1.3 billion accounts. To derive the full benefit of cloud computing, banks need a modern, digital, core-one that is purpose-built for the cloud.įinacle is a leading digital banking solution suite from EdgeVerve Systems, a wholly owned product subsidiary of Infosys, which is itself an AWS Premier Tier Services Partner with the Financial Services Competency. However, legacy core systems can hinder progress. With cloud, banks can personalize their services at scale and rapidly design, test, and deliver engaging experiences to customers. Banks of all sizes are increasingly looking to cloud technologies to overcome these challenges. Transactions are increasingly moving to the digital realm, and banks find themselves looking at the mammoth task of processing thousands of transactions per second, particularly during seasonal spikes.Īdded to this, growing non-traditional competition is resetting customer experience benchmarks. While not as visible as other fintech systems, core banking is nonetheless central to banking services and is mission-critical software.Īs digitization rewrites the future of banking, traditional core systems are falling short.
By Venkat Raman R, VP and Head, Architecture – Infosys Finacleīy Shivaji Apte, Principal Architect and Head, Cloud Architecture – Infosys Finacleīy Dinesh Shetty, Principal Product Architect, Cloud Architecture – Infosys FinacleĬore banking systems have been around for decades as the backbone on which the world’s financial infrastructure is built on.
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