Infosys’ arm, SSFB implement Finacle Core Banking Platform and Finacle Treasury Platform

Finacle will now power SSFB’s retail, corporate and payment engines in an on-premise model, supported by IBM’s infrastructure stack Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys and Suryoday Small Finance Bank (SSFB) have successfully implemented the Finacle Core Banking Platform and Finacle Treasury Platform. Finacle will now power SSFB’s retail, corporate and payment engines in an on-premise model, supported by IBM’s infrastructure stack.SSFB, one of India’s leading small finance banks caters to over 1.9 million customers through its 565 branches. With the industry leading Finacle digital banking platform, the bank is well placed to achieve its vision of creating a ‘new age bank’ designed to deliver on its primary commitment of financial inclusion. The Finacle platform replaced the bank’s incumbent information technology stack in a seamless eight-month implementation period. The new platform will enable the bank to achieve significant improvement in operations and offer round the clock banking facilities especially to the under-banked and un-banked sections of the society, across India. Infosys is a global leader in next-generation digital services and consulting.