Bengaluru – February 14, 2019: Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NYSE: INFY) today announced RBL Bank’s adoption of Finacle Assure on Amazon Web Services (AWS) cloud. With Finacle Assure, RBL Bank gains a preventive maintenance service to manage its enterprise-wide information technology (IT) infrastructure and applications. The service will help RBL Bank prevent and address IT incidents, and enhance its applications performance. It will also allow RBL Bank to optimize costs, and be agile in ensuring uninterrupted operations.
With Finacle Assure, RBL Bank gains real time early warning alerts, supported by a round-the-clock quick response team and command center, ensuring high availability of its enterprise wide IT infrastructure and applications.
Predictive models using health checks, pattern analysis and identification will help the bank with proactive recommendations on capacity planning for its IT applications.
The deployment on AWS cloud provides RBL Bank an agile and highly secure environment to run this service. It also enables easier integration and scalability of monitoring for enterprise-wide applications.
Further, the use of AWS services such as Elastic Compute Cloud (EC2), Auto Scaling and Simple Storage Service (S3) has enabled the bank to deploy a cost efficient and scalable platform.
Sajit Vijayakumar, Chief Operating Officer, Infosys Finacle, said, “Customers today expect round-the-clock omnichannel banking services. Finacle Assure enables a bank’s infrastructure and applications to work in harmony and helps banks overcome challenges related to technology ecosystem maintenance. Delivered as a managed service on cloud, Finacle Assure requires minimum capital investments and banks can be up-and-running within days. With this deployment, RBL Bank’s IT teams can focus on what is most important for the bank – strengthening business outcomes and bringing innovative banking products to market.”
Sankarson Banerjee Chief Information Officer, RBL Bank, said, “As part of our digital transformation program we wanted to ensure zero-disruption, 100% availability of our IT systems. It was important for us to move away from a reactive to proactive maintenance strategy. Finacle Assure on AWS cloud has helped address this need. In the past few months, we have enjoyed uninterrupted operations, and gained significant insights into our infrastructure and applications usage. The proactive support with expert backing at the command center has helped us create value for our business teams and customers. As our business continues to grow, we see considerable value in this service.”
About Infosys Finacle
Finacle is the industry-leading digital banking solution suite from EdgeVerve Systems, a wholly owned product subsidiary of Infosys. Finacle helps traditional and emerging financial institutions drive truly digital transformation to achieve frictionless customer experiences, larger ecosystem play, insights–driven interactions and ubiquitous automation. Today, banks in over 100 countries rely on Finacle to service more than a billion consumers and 1.3 billion accounts.
Finacle solutions address the core banking, omnichannel banking, payments, treasury, origination, liquidity management, Islamic banking, wealth management, analytics, artificial intelligence, and blockchain requirements of financial institutions to drive business excellence. An assessment of the top 1250 banks in the world reveals that institutions powered by the Finacle Core Banking solution, on average, enjoy 7.2% points lower costs-to-income ratio than others.
To know more, visit www.finacle.com
Certain statements in this release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2018. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that the date of this press release is mentioned at the beginning of the release, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.