Sterling Bank of Asia has selected Infosys Finacle's Software-as-a-Service (SaaS) platform to power its next-gen digital banking transformation. Announced on June 25, 2026, the strategic partnership aims to enhance customer and employee experiences while reducing operational complexity through automation and digitization. The bank will leverage cloud-based infrastructure to simplify technology management, enabling it to focus on strategic growth and innovation.

Comprehensive Solution Suite

The engagement covers a broad range of banking technology modules, reflecting the depth of the transformation initiative. The following table outlines the key solutions adopted by Sterling Bank of Asia as part of this deployment:

Strategic Benefits and Leadership Perspectives

By opting for the SaaS delivery model, Sterling Bank of Asia positions itself to leverage cloud-based infrastructure for its core banking needs. The Infosys Finacle platform is designed to support banks in managing complex operations across multiple product lines within a unified technology environment. The cloud-hosted model will help the bank scale seamlessly and on demand to support evolving business needs, while access to periodic upgrades ensures security and compliance.

Cecilio Paul D. San Pedro, President and Chief Executive Officer of Sterling Bank of Asia, stated that modernizing the technology foundation is essential to realizing the bank's goals. He emphasized that the partnership with Infosys Finacle provides a trusted transformation partner and a next-generation banking platform to meet dynamic business and regulatory requirements.

Sajit Vijayakumar, Chief Executive Officer of Infosys Finacle, highlighted that this collaboration reflects Finacle's growing presence in the Philippines. He noted that the SaaS offering, tailored for the Philippine market, allows the thrift banking community to adopt modern solutions without upfront infrastructure investments.

Infosys Limited shareholders have approved the reclassification of Mr. Shreyas Shibulal and Ms. Bhairavi Madhusudhan Shibulal from the 'Promoter and Promoter Group' category to 'Public' at its 45th Annual General Meeting held on June 23, 2026. The resolution was passed in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has intimated the voting results to relevant authorities, and the applicants stand reclassified to the 'Public' category with immediate effect.

The meeting, conducted via video conferencing, saw the approval of all six proposed resolutions. A total of 3,010,238 shareholders were on record as of June 16, 2026. The scrutinizer's report, submitted by B Hemanth of Hemanth, Holla & Co., confirmed the unblocking and counting of votes in the presence of independent witnesses.

Voting Results Overview

Key Resolutions Passed

The adoption of the financial statements for FY26 received 99.96% approval. Shareholders sanctioned the declaration of dividend, a key outcome for investor returns. The re-appointment of Nandan M. Nilekani as a director, liable to retire by rotation, was approved with 98.93% of votes in favor.

Special Business and ESOP Amendments

Two special resolutions concerning the Infosys Expanded Stock Ownership Program – 2019 were passed. These resolutions approve amendments to the plan and the grant of stock incentives to eligible employees of the company and its subsidiaries. Both resolutions received approximately 98.16% support from shareholders. In accordance with SEBI regulations, the applicants and their related persons abstained from voting on the re-classification resolution.