Shivalik partners with Infosys for Digital Banking

NEW DELHI: Shivalik Mercantile Co-operative Bank Ltd has partnered with InfosysNSE 0.55 % Finacle to implement the Finacle Digital Banking Suite on cloud. Delivered as a subscription, the service includes the Finacle Core Banking and Finacle Digital Channels solutions, with internet and mobile banking offerings. Over 300,000 unique customers have been migrated to the Finacle platform till date, the company said.

Venkatramana Gosavi, Senior Vice President & Global Head of Sales, Infosys Finacle, said, “Co-operative banks are at the forefront of driving financial inclusion and supporting economic expansion, with deep community connect and personalized customer service. With the ongoing digital disruption in banking, banks in this space need to modernize their legacy technology platforms, to ensure they remain relevant to their customers.”