Infosys Finacle, today announced the launch of its Finacle Payments Bank and Finacle Small Finance Bank solutions for the India market.
Infosys Finacle is a part of EdgeVerve Systems, a product subsidiary of Infosys.
Also read: What Are Payments Banks In India?
These solutions are specifically tailored for organizations seeking payments banks and small finance banks licenses from the Reserve Bank of India (RBI), the company said in the BSE press release.
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With these solutions, licensees can set up the required technology backbone and become operational quickly.
The offerings provide distinct capabilities to enable various distribution models such as traditional banking, agency banking, mobile wallet, and micro ATMs, among others, thereby helping the banks to reach out to relevant customer segments.
Finacle is recognized as a global leader in the banking platform space. 70 percent of the top 40 banks in India leverage Finacle solutions to drive profitable growth. It also powers over 100 cooperative banks in India.