Infosys Finacle delivers SaaS financial platform to Australian lender
NEW SOUTH WALES, AUSTRALIA and BANGALORE, INDIA — Infosys Finacle has successfully installed a suite of financial platforms in Australia’s Regional Investment Corporation (RIC) to aid in the latter’s lending services to the agricultural sector.
Finacle Digital Lending Solution Suite, which features digital onboarding, loan origination, and management, was successfully implemented in a Software-as-a-Service (SaaS) mode running on Amazon Web Services.
Additionally, digital suites Finacle Online Banking and Finacle Alerts Solution were also integrated into RIC’s operations.
Finacle Online Banking is a cloud-based platform that supports banks in their customer engagements. Meanwhile, Finacle Alerts Solution enables banks to send personalized real-time notifications to their customers about their bank activity.
“With the Infosys Finacle Lending solution, we have a proven technology platform to support the evolving demands of our business and customers, with the agility to roll out new products and regulations as mandated by the Federal Government,” said Chris Rawlins, Executive Director Transformation, RIC.
RIC is an Australian government-backed finance provider for farmers and farm-related small businesses. It has settled 3,009 loans valued at $3.24 billion since December 31, 2023.
Infosys Finacle is part of EdgeVerve Systems, a wholly-owned subsidiary of tech firm Infosys. Infosys Finacle addresses the core banking, lending, digital engagement, payments, cash management, wealth management, treasury, analytics, AI, and blockchain requirements of financial institutions.
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