Australian Military Bank Asian Banker Financial Technology Awards 2019

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Quantum Computing: As the Future Awaits, The Strides Are Definitive

Quantum computing is no longer confined to theory or the edges of experimental science - it is rapidly advancing toward practical impact.
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IDC MarketScape: Worldwide Integrated Bank Payment

Finacle Payments is an enterprise payments services system that manages end-to-end payments across instrument types, payment schemes, transaction types, custome
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Today, as businesses seek to make their ecosystems more resilient, Supply Chain Finance (SCF) has emerged as a powerful lever for banks and financial institutions to support clients, while unlocking new revenue streams.
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The Future of Core Banking: Business and Technology Evolution

Our point of view paper, “The Future of Core Banking: Business and Technology Evolution”, serves as a candid and forward-looking benchmark of your institution’s readiness—and a strategic playbook for core modernization.
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Forrester Wave Digital Banking, Q4 2024

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Innovation in Retail Banking Report - 16th Edition

Now in its 16th edition, the Innovation in Retail Banking Report, developed collaboratively by Infosys Finacle, Qorus, and Jim Marous has become a trusted benchmark for banks worldwide to assess their innovation and digital transformation progress.
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Decoding Core: Modernizing the Heart of Banking

Explore key considerations for building resilient, agile, future-ready banks, various modernization approaches, and the must-haves for next-gen core systems.
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The Future of Resiliency: The 24/7 Banking Blueprint

Co-authored by Infosys Finacle and EY, this report explores how banks can build a strategic coexistence platform to achieve true 24/7 operational resiliency — balancing modernization and continuity without compromise.
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Banking on Cloud

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Royal Bank of Canada Transforms U.S. Banking with Infosys Finacle

RBC Capital Markets partnered with Finacle to launch a cutting-edge cash management platform for U.S. corporate clients.
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Bancolombia decided to create a digital bank called Nequi to meet the emerging needs of the mobile oriented generation in Latin America.
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One of India’s top private sector banks partnered with Infosys Finacle to transform its pricing and billing operations.
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Infosys Finacle & Australian Military Bank Win at the Asian Banker Financial Technology Innovation Apac Awards Programme 2019

Australia Military Bank and Infosys Finacle were awarded the Best Cloud Based Initiative, Application or Programme at The Financial Technology Innovation Awards Programme 2019. Australian Military Bank overhauled its technology infrastructure by implementing Finacle’s Digital Suite of solutions on the Cloud. The awards ceremony was held in conjunction with The Future of Finance Summit at the Shangri-La, Bangkok.

The bank implemented new core banking, loan origination, payments and channels as a cloud based model
Undertaking a comprehensive transformation Australia Military Bank implemented digital banking solution including new core banking, loan origination, payments and channels system in a cloud based ‘software as a service’(SaaS) model, hosted by Infosys. A biometric authentication system for mobile banking and second factor authentication for payments through digital channels was implemented for improved security. Lending products and credit card applications from digital channel were integrated with the loan origination system for faster application and processing. The bank achieved seamless integration with allied service providers and partners through integration touch points and application programming interfaces. The system also provided the bank with the required capability for regulatory reporting. The project was implemented within short 10 months.

It Enabled the Bank to Achieve 46% Increase in Registrations on Digital Channels, 115% Growth in Mobile App
The new internet banking and mobile banking systems resulted in registrations by 46% for digital channels and 116% for mobile app. Customer on-boarding and account opening is now being achieved within few minutes through direct banking with straight through processing capability. The new system also provided users with an integrated personal finance management tool enabling them to track budgets, spending and financial goals.

The Bank Achieved 99.8% System Availability
The cloud based system witnessed over 99.8% system reliability and availability and straight through processing of savings, transactions and deposit with 99% of inbound direct payments in near real time. The system facilitated improved efficiencies by allowing the bank to pay per use for infrastructure requirements and achieve a faster response to market demands.