Bank of Sydney Chooses Infosys Finacle for Digital Overhaul via AWS Cloud

Infosys Finacle, a part of EdgeVerve Systems and a wholly-owned subsidiary of Infosys, has announced that Bank of Sydney (BoS) has selected the Finacle Digital Banking Suite to drive its digital transformation.

This strategic collaboration is aimed at enhancing both customer and staff experiences, simplifying operations through digitisation, and enabling long-term business scalability.

Cloud-Based Deployment for Enhanced Agility

The bank will access the suite in a Software-as-a-Service (SaaS) model via Amazon Web Services (AWS), ensuring flexibility, reliability, and cost efficiency. The deployment includes a range of solutions such as Finacle Core Banking, Digital Engagement Hub, Online and Mobile Banking, and Digital Onboarding.

Simplifying Operations and Enabling Innovation

By adopting Infosys Finacle’s technology stack, Bank of Sydney intends to modernise its IT infrastructure by retiring legacy systems and reducing technical complexity. The Finacle Reference Bank—a preconfigured solution with Australia-ready products and processes—will help accelerate the implementation and ensure regulatory alignment.

Delivering Seamless Customer Experience

Moreover, the bank will benefit from advanced omni-channel capabilities, improved agility, and the ability to innovate quickly using open APIs and configuration-driven tools. This transformation will not only streamline internal processes but also deliver a seamless and enriched digital banking experience to customers.

Commenting on the partnership, Melos Sulicich, Chief Executive Officer, Bank of Sydney, said, “At Bank of Sydney, our strategic goal is to become the leading deposit bank in Australia and to drive significant business growth in the coming years. This requires adapting to rapidly changing customer needs, digital advancements, and regulatory requirements.”

He further stated, “Transforming our technology stack, centered around our core and digital banking platform, is crucial to meeting these objectives. With Infosys Finacle, we have a proven transformation partner and a next-generation banking platform to address the evolving needs of our business, customers, and regulatory ecosystem.”

Sajit Vijayakumar, Chief Business Officer and Global Head, Infosys Finacle, stated, “With Infosys Finacle’s advanced cloud-native suite on AWS, Bank of Sydney will benefit from a modern, customer-centric digital banking platform, enabling better engagement, innovation, and operation. We look forward to supporting our customers in Australia and helping them thrive in the digital age.”

Also Read: Infosys Reports 4.2% Revenue Growth in FY25; Declared ₹22 Dividend!

Conclusion

With this move, Bank of Sydney reinforces its commitment to becoming a future-ready and digitally empowered financial institution, leveraging cutting-edge technology to drive growth and deliver greater value to stakeholders.

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