Merger of banks will not negatively impact our business: Infosys Finacle

Banking solutions provider Infosys Finacle on Thursday said the government’s decision to merge several public sector banks is a positive development and will not adversely impact its business.

The company, which has implemented its digital banking suite on cloud solution for Shivalik Mercantile Co-operative Bank Ltd, said it is also witnessing strong client wins internationally from markets like the US and Australia.

“Impact is positive…last year, the government had merged Bank of Baroda with Dena and Vijaya, the platform is ours,” Infosys Finacle Senior Vice President and Global Head of Sales Venkatramana Gosavi said.

When asked if there could be a loss of business on account of these developments, he answered in the negative.