Infosys Finacle, part of EdgeVerve Systems – a wholly-owned subsidiary of Infosys – and Suryoday Small Finance Bank (SSFB) have announced the successful implementation of the Finacle Core Banking Platform and Finacle Treasury Platform. Finacle will now power SSFB’s retail, corporate and payment engines in an on-premises model, supported by IBM’s infrastructure stack.
SSFB is one of India’s leading small finance banks that caters to over 1.9 million customers through its 565 branches and with Finacle’s digital banking platform, the bank is well placed to achieve its vision of creating a ‘new age bank’. This vision is designed to help SSFB deliver on its primary commitment of financial inclusion.
“Upgrading to a modern digital banking platform like Infosys Finacle is a big move for Suryoday Small Finance Bank and one that will help us achieve our dream of becoming a new age bank, much faster,” said Baskar Babu Ramachandran, Managing Director and Chief Executive Officer, Suryoday Small Finance Bank. “With a sharp focus anchored on customer-centricity and experience, the Finacle platform will further power our growth plans and help enlarge our operations, while ensuring significantly lower operating costs and superior customer service.”