Infosys Finacle and IBM collaborate to help banks accelerate Cloud transformation

Infosys Finacle, IBM

Infosys Finacle, subsidiary of Infosys has collaborated with IBM to unveil the Finacle Digital Banking Solution Suite. The Suite will be available on Red Hat OpenShift and IBM Cloud for financial services. This alliance will assist the banks scale business transformation, become more agile, and power their growth with an on-demand portfolio of products and services. It will also help banks achieve seamless ecosystem connectivity and provide a world-class banking experience for their customers, and enable them to meet required compliance and security requirements.

Venkatramana Gosavi, Senior Vice President & Global Head of Sales & Alliances, Infosys Finacle, said, “The Cloud has evolved from a technical transformation enabler to a business transformation enabler that provides an agile, resilient, and scalable platform for innovation and growth. Given the benefits, cloud adoption is a necessity for financial institutions that aspire to lead the digital transformation race and achieve significant business performance improvements. Finacle’s industry-leading cloud-native solution suite is designed to help banks unlock this value. Together with Infosys Cobalt – a robust set of cloud services, solutions, and platforms, and our collaboration with Red Hat and IBM, we are helping customers realize the benefits of open hybrid cloud for the next generation of financial services innovation.”

Gaurav Sharma, Vice President, IBM Cloud and Cognitive Software, said, “At IBM, our mission is to de-risk the financial services industry. With more mission-critical workloads moving to the cloud, the IBM Cloud for Financial Services is designed to help institutions accelerate hybrid cloud adoption and drive revenue growth while addressing the need for security, open innovation, and compliance. With this collaboration, Infosys Finacle joins a growing ecosystem of more than 100 Independent Software Vendors (ISVs), SaaS providers, Global Systems Integrators (GSIs), and Fintechs leveraging the IBM Cloud for financial services.”

Also Read: IBM unveils new generation Power servers for frictionless, scalable hybrid cloud

Kelly Switt, Senior Director, FSI Ecosystem and Strategic Partnerships, Red Hat, said, “In the banking industry, a new wave of digital disruption is compelling firms to innovate more quickly and better support customers. Red Hat OpenShift, the industry’s leading enterprise Kubernetes platform, offers financial institutions the necessary agility, scalability, and application development capabilities to deliver innovative solutions while helping them meet security and compliance requirements. By collaborating with Infosys Finacle and IBM, we are helping customers realize the benefits of open hybrid cloud for the next generation of financial services.

mouse
mouse

The Banking & Finance Post is an initiative of Elets Technomedia Pvt Ltd, existing since 2003.
Now, Elets' YouTube channel, a treasure of premier innovation-oriented knowledge-conferences and awards, is also active. To Subscribe Free, Click Here.

Get a chance to meet the Who's who of the NBFCs and Insurance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.