Infosys makes Finacle solutions available on Microsoft Azure

Infosys, a consulting, technology, outsourcing and next-generation services provider, has extended its partnership with Microsoft. As part of this collaboration, the Infosys Finacle suite of solutions will be available on Microsoft Azure. This offering will allow banks to utilise Finacle's solutions, along with the robust capabilities of Azure, enabling them to operate at lower costs and with greater agility.

Through this offering, banks can leverage Finacle on the cloud, gaining all the benefits of cloud computing such as reduced infrastructure and technology management costs, and flexibility to scale operations rapidly. 

Michael Reh, Senior Vice President and Global Head, Finacle, Infosys, said: "The adoption of cloud in the banking sector has been relatively slow due to rising concerns about security, reliability and compliance. Banks are seeking opportunities to flexibly design their cloud deployment strategies so that they can cater to the increasing load of transactions from digital natives, while reducing technology management costs. Finacle on Azure will offer significant flexibility to banks to design their cloud approach. With Azure running on a network of Microsoft-managed data centres across 19 regions and Finacle's experience of delivering solutions across 84 countries, banks across the globe can enjoy the benefits of this partnership."

Karen Cone, General Manager Worldwide Financial Services, Microsoft added, "The need for financial institutions to become digital businesses is more acute than ever. After multiple years of disruption, very few still need to be convinced of the inevitability of digitisation, and the need to re-invent business processes and new business models. The cloud in financial services is game-changing in providing the industry with unprecedented opportunities to operate at lower costs with greater agility. 

"With the Finacle suite of solutions on Azure, we will support financial institutions in opening doors to a new era of agility and innovation in a security-enhanced environment, while impactfully shrinking their IT infrastructure costs."