Infosys to Offer Finacle Financial Back Office in SaaS Model with Verizon’s Cloud

Infosys has announced that it will offer its Finacle suite of software solutions on Verizon Cloud, as a software-as-a-service (SaaS) for financial institutions and channel partners in the U.S.

The Finacle product suite targets banks and credit unions with enhanced operational efficiency, accelerate speed-to-market for new offerings, and reduce time and cost of compliance.

“Providing real-time and compelling customer experience across multiple channels is a difficult task, even for the largest of financial institutions with significant resources,” said Michael Reh, senior vice president and global head of Finacle at Infosys. “With Finacle solutions now available on Verizon Cloud, financial institutions of all sizes, across the U.S., will be able to provide the latest banking services to their customers without any major investment.”

Finacle Core Banking, Finacle e-Banking and Finacle Mobile Banking will be the first three solutions to be available on Verizon’s managed cloud infrastructure. Other banking services will be added over time the company said; and, the service will be expanded with value-added solutions from Finacle’s partners.

“Together, Finacle and Verizon will enable new flexibility for clients,” said Adam Famularo, vice president of the global channel at Verizon. “Financial institutions will benefit from Finacle’s comprehensive solution coverage and high-performance platform hosted on the Verizon Cloud to help them improve agility, achieve sustainable, profitable growth and drive their business.”