Infosys , a global leader in next-generation digital services and consulting, has announced a significant collaboration with Uniting Financial Services (UFS), an Australian charitable development fund. The partnership involves the implementation of Infosys Finacle's Digital Banking Software-as-a-Service (SaaS) suite on Amazon Web Services (AWS) cloud infrastructure.

Swift Implementation

In a remarkable feat, the migration from UFS' incumbent platform to the Finacle SaaS solution on AWS cloud was completed in less than five months. This rapid deployment was made possible by the Finacle Australian Reference Bank Model, which comes with preconfigured products, processes, interfaces, and compliance rules.

Comprehensive Digital Banking Suite

The implemented Finacle Digital Banking Suite includes:

• Finacle Core Banking
• Finacle Digital Engagement Hub
• Finacle Online Banking
• Finacle Mobile Banking
• Finacle Customer Data Hub
• Finacle Alerts

Enhanced Capabilities for UFS

This collaboration is set to transform UFS' operations, enabling:

• Enhanced business agility and operational efficiency
• Improved compliance
• World-class digital experience for customers
• Faster introduction of new offerings
• Seamless scalability

Key Benefits

The next-gen Finacle Digital Banking Suite will empower UFS to:

• Deliver richer digital experiences through intuitive, omnichannel self-service capabilities
• Expand investment product offerings and grow commercial loan business
• Connect easily with partners through open APIs
• Achieve on-demand scalability and reliable performance with cloud-native SaaS services
• Build a secure, cloud-native banking environment leveraging various AWS services

Executive Insights

John McComb, Chief Risk Officer and Acting CEO of Uniting Financial Services, expressed delight in the successful go-live of the Finacle platform. He emphasized that the modernization of their core banking and digital capabilities aims to enhance client experience.

Sajit Vijayakumar, Chief Executive Officer of Infosys Finacle, highlighted the rapid deployment as a testament to their commitment to modern banking and customer-centric innovation. He noted that this implementation demonstrates the achievability of next-gen banking for community banks looking to modernize without the challenges of legacy transformation.

Jamie Simon, Director of Banking and Financial Services (A/NZ) at AWS, underscored their commitment to helping financial institutions modernize and innovate. He emphasized how AWS's secure and resilient cloud infrastructure enables financial services organizations to transform banking operations and enhance digital experiences for customers.

This collaboration between Infosys Finacle, Uniting Financial Services, and AWS marks a significant step in the digital transformation of financial services, setting a new benchmark for rapid and comprehensive core and digital channel migration in the industry.

Infosys , a global leader in next-generation digital services and consulting, has announced a significant milestone in its partnership with ABN AMRO Bank, one of the Netherlands' largest banks. The company has successfully implemented and launched the nCino Platform, marking a transformative step in ABN AMRO's digital journey.

Streamlining Loan Origination and Collateral Management

The implementation of the nCino Platform represents a strategic move to consolidate multiple legacy systems into a unified platform, revolutionizing ABN AMRO's loan origination and collateral management processes. Over an 11-month period, Infosys showcased its expertise by migrating more than 100,000 records from legacy systems to the new platform.

Key Features and Benefits

The nCino Platform offers ABN AMRO several advantages:

• Centralized asset and collateral management capabilities
• Optimized customer onboarding
• Improved operational efficiency
• Enhanced regulatory compliance

The cloud-native solution features credit workflows with API-driven integrations and robust data migration capabilities, providing flexibility for future business needs.

Enhancing Customer Experience

Hans-Willem Giesen, IT Lead–Credits at ABN AMRO, emphasized the impact of the transition: "This solution will improve operational efficiency, enhance our collateral management capabilities, and provide our customers with a faster, more transparent experience. As we look to the future, this platform will be a cornerstone of our continued growth and transformation."

Collaborative Effort

The successful implementation is a result of collaborative efforts between Infosys, nCino, and ABN AMRO. Joaquin de Valenzuela, Managing Director - EMEA at nCino, highlighted the comprehensive suite of solutions provided, including loan origination, credit analysis and risk, collateral management, and portfolio management.

Jay Nair, EVP, Industry Head, Financial Services and Public Sector at Infosys, expressed pride in supporting ABN AMRO's digital transformation journey. He stated, "By delivering a unified loan origination and collateral management solution across both the phases, we have optimized processes, improved data quality, reduced turnaround time and enhanced the digital experience for ABN AMRO's customers."

Looking Ahead

This implementation represents a significant step in ABN AMRO's ongoing digital transformation in credits. As one of the bank's primary Application Development and Maintenance partners, Infosys continues to play a crucial role in driving innovation and efficiency in the banking sector.

The successful go-live of the nCino Platform at ABN AMRO showcases Infosys' capabilities in delivering complex digital transformation projects and reinforces its position as a leader in the financial services technology space.