Infosys Finacle, a product subsidiary of Infosys, has launched new solutions for payment banks and small finance banks.
The solutions- Finacle Payments Bank and Finacle Small Finance Bank- are particularly customised for organisations looking to secure payments banks and small finance banks licenses from the Reserve Bank of India (RBI).
The solutions have been designed to help licensees develop the required technology backbone and start operations quickly.
The two solutions feature pre-configured set of products and business rules to facilitate quick deployment, as well as also offer distinct capabilities to enable diverse distribution models such as traditional banking, agency banking, mobile wallet, and micro ATMs.
Both the solutions come in a hosted environment that help low capital investments, allow new license holders make investments based on consumption and scale-up based on business demand.
At the same time, they offer integrated analytics to help banks gain better insights on customer preferences, which in turn helps create tailored offerings to serve emerging market needs.
Infosys Finacle regional head for growth markets Venkatrama Gosavi said: With Finacle, the new license holders are assured of a proven platform to help them accelerate innovation and achieve rapid growth.
"Our state-of-the-art solutions will be a game-changer for banking aspirants to create businesses that are sustainable, profitable and compliant with required regulatory obligations."