Infosys Finacle Launches Solutions for Payments Banks and Small Finance Banks

Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys, announced the launch of its Finacle Payments Bankand Finacle Small Finance Bank solutions for the India market. These solutions are specifically tailored for organizations seeking payments banks and small finance banks licenses from the Reserve Bank of India (RBI). With these solutions, licensees can set up the required technology backbone and become operational quickly, the press release said.

Both solutions offer pre-configured set of products and business rules to aid quick deployment, enabling the new entrants to focus on their business goals right from the start of their operations. The offerings provide distinct capabilities to enable various distribution models such as traditional banking, agency banking, mobile wallet, and micro ATMs, among others. Thesolutions are also available in a hosted environment.

VenkatramaGosavi, Regional Head for Growth Markets, Infosys Finacle, said “With Finacle, the new license holders are assured of a proven platform to help them accelerate innovation and achieve rapid growth. Our state-of-the-art solutions will be a game-changer for banking aspirants to create businesses that are sustainable, profitable and compliant with required regulatory obligations.”