Infosys' Finacle platform sees demand as banks move their data to cloud

Infosys core banking platform ‘Finacle’ is witnessing rising adoption of its cloud-enabled services as banks are slowly moving their non-core data to the cloud.

Finacle, which is the flagship core banking system (CBS) from Infosys’ stable, had started providing services in the cloud environment in 2016. “All the new installations that have happened in the last two years, most were in the cloud,” said Rajashekara Visweswara Maiya, global head-business consulting of Finacle.

According to the company, Australian Military Bank was the first one to move to the cloud on the Finacle platform. BDO Unibank of Philippines and Shivalik Mercantile Co-operative