Resimac Selects Infosys Finacle Digital Banking SaaS to Build Australia's First Neo-Non-Bank

Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NYSE: INFY) and Resimac, a leading non-bank lender in Australia and New Zealand, today announced the selection of Finacle Digital Banking SaaS to achieve end-to-end digital modernization to provide enhanced customer experience across all its brands in Australia and New Zealand. The comprehensive, Australia-ready, digital banking solution stack will be offered in a fully SaaS model on a state-of-the-art public cloud architecture, enabling Resimac to cost-effectively scale at will, while delivering personalized digital banking experiences with enhanced security.

Highlights:

1. The Finacle suite provides a comprehensive, flexible and integrated platform to enable Resimac to create products, open accounts and manage the entire loan-servicing lifecycle, including payments, in a truly digital manner

2. Resimac will be able to deliver extensive self-service capabilities across multiple digital channels, to give end-consumers the flexibility to personalize products, such as choosing lending terms, to cater to their unique requirements

3. The Finacle solution's open application programming interfaces (APIs) will enable effective collaboration with ecosystem partners. Localized components of the solution, including 16 integration adapters, will empower Resimac to establish seamless end-to-end integration with major allied service providers and key partners such as credit bureaus, ATM providers and digital payments providers

Scott McWilliam, Chief Executive Officer, Resimac, said, "At Resimac, we are engineering for the future. Our 'customer first' digital strategy recognizes that lending in the future will look fundamentally different from today. Our partnership with Infosys Finacle will enable us to seamlessly adapt to the dynamic and complex lending landscape, while serving our customers' financial needs in a secure manner. We are confident that Finacle's solutions delivered on the cloud will accelerate our transformation into a digital-first lender and help deliver a range of multi-accessible, flexible and innovative financial solutions."

Venkatramana Gosavi, Senior Vice President & Global Head of Sales, Infosys Finacle, said, "As one of the early movers to cloud in the non-bank sector, Resimac is clearly pioneering a path and we are proud to be their partner of choice in this change journey. The Finacle Digital Banking SaaS model will allow Resimac to achieve the necessary agility as well as provide enhanced functionality and security to its customers. We look forward to supporting Resimac with a proven, fast and risk-mitigated digital transformation, and help it set new benchmarks for customer experience and growth."

Shares of INFOSYS LTD. was last trading in BSE at Rs.1136.2 as compared to the previous close of Rs. 1113.4. The total number of shares traded during the day was 773483 in over 21580 trades.

The stock hit an intraday high of Rs. 1145.9 and intraday low of 1121.85. The net turnover during the day was Rs. 875583874.

Source : Equity Bulls

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