Collaboration sets a new industry benchmark with end-to-end core and digital channel migration completed in just five months
BENGALURU, India and MELBOURNE, Australia, Aug. 20, 2025 /PRNewswire/ -- Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), today announced its collaboration with Uniting Financial Services (UFS), a charitable development fund in Australia, to implement the next-gen Finacle Digital Banking Suite. The move from UFS' incumbent platform to Finacle Software-as-a-Service (SaaS) on AWS cloud was completed in less than five months. This was enabled by the Finacle Australian Reference Bank Model - a solution with preconfigured products, processes, interfaces, and compliance rules. The implemented Finacle Digital Banking Suite includes the Finacle Core Banking, Finacle Digital Engagement Hub, Finacle Online Banking, Finacle Mobile Banking, Finacle Customer Data Hub, and Finacle Alerts.
This collaboration will enable UFS to transform its operations, helping enhance business agility, compliance, and operational efficiency. It will also help UFS to provide a world-class digital experience for its customer base, introduce new offerings faster and scale seamlessly, in line with its purpose-driven growth strategy. In addition, the next-gen Finacle Digital Banking Suite will enable UFS to:
- Deliver richer digital experiences through intuitive, omnichannel self-service capabilities across mobile and online platforms.
- Expand its investment product offerings, scale deposits, and grow its commercial loan business.
- Connect with partners easily through open APIs, driving both innovation and operational gains.
- Unlock resilience, on-demand scalability and reliable performance with cloud-native SaaS services and AWS infrastructure.
- Build a secure, cloud-native banking environment leveraging several AWS services including Amazon RDS for backend databases, Amazon EKS for managed Kubernetes, and AWS WAF for firewall protection.
John McComb, Chief Risk Officer and Acting CEO, Uniting Financial Services, said: "We are delighted to announce the successful go-live of the Finacle platform. Our goal was to modernise our core banking and digital capabilities to enhance the experience for clients. With Infosys Finacle, we have found a long-term technology partner, with the ability to deliver a future-ready platform that meets the needs of our operations today and supports our ambitions for tomorrow in a rapidly evolving financial services landscape."
Jamie Simon, Director, Banking and Financial Services (A/NZ), AWS, said, "Our collaboration with Infosys Finacle demonstrates AWS's commitment to helping financial institutions modernise and innovate to deliver business value. Uniting Financial Services reinforces how AWS's secure and resilient cloud infrastructure enables financial services organisations to transform their banking operations and enhance digital experiences for customers. We're proud to support UFS in their mission to deliver purpose-led financial services."
Sajit Vijayakumar, Chief Executive Officer, Infosys Finacle, said, "We are delighted to collaborate with Uniting Financial Services on their transformation journey. Going live on Finacle SaaS in record time is a testament to our commitment to modern banking and customer-centric innovation. This rapid deployment underscores the power of a truly digital, cloud-native platform that's built for agility, compliance, and scale. For community banks in the region looking to modernize without the pain of legacy transformation, this is proof that next-gen banking is not just possible - it's achievable, fast."
About Infosys Finacle
Finacle is an industry leader in digital banking solutions. We are a unit of EdgeVerve Systems, a wholly-owned product subsidiary of Infosys (NSE, BSE, NYSE: INFY). We partner with emerging and established financial institutions to help inspire better banking. Our cloud-native solution suite and SaaS services help banks engage, innovate, operate, and transform better to scale digital transformation with confidence. Finacle solutions address the core banking, lending, digital engagement, payments, cash management, wealth management, treasury, analytics, AI, and blockchain requirements of financial institutions. Today, banks in over 100 countries rely on Finacle to help more than a billion people and millions of businesses to save, pay, borrow, and invest better. For more information, visit www.finacle.com.
Safe Harbor
Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as artificial intelligence ("AI"), generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2025. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
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