Infosys Finacle announces digital banking SaaS offering for urban cooperative banks

BENGALURU: EdgeVerve Systems, a wholly-owned subsidiary of Infosys, on Thursday announced its digital banking SaaS (Software-as-a-Service) offering for Urban Cooperative Banks (UCBs) in India.

The platform has already seen adoption by three UCBs in India -Vidya Sahakari Bank, Urban Co-operative Bank, Bareilly, and Zoroastrian Co-operative Bank, according to an Infosys statement.

The offering combines the functional spread of the Finacle solution suite, with complementary solutions and capabilities from Finacle business partners Saraswat Infotech Pvt Ltd (SIPL)and best of Breed Software Solutions (BBSSL), it said.

Delivered as a subscription, the end-to-end digital banking solution suite includes Finacle Core Banking and complementary solutions from SIPL, with an option to adopt additional solutions like ATM switch, mobile banking, and internet banking, the statement said.