{"id":568356,"date":"2025-05-23T07:26:40","date_gmt":"2025-05-23T06:26:40","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&#038;p=568356"},"modified":"2025-05-23T07:26:40","modified_gmt":"2025-05-23T06:26:40","slug":"bank-of-sydney-chooses-infosys-finacle-for-cloud-first-digital-transformation","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/bank-of-sydney-chooses-infosys-finacle-for-cloud-first-digital-transformation\/","title":{"rendered":"Bank of Sydney chooses Infosys Finacle for cloud-first digital transformation"},"content":{"rendered":"<p data-start=\"459\" data-end=\"730\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-551195 alignright\" src=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/09\/Infosys-finacle.jpg\" alt=\"Infosys Finacle, Bank of Sydney, FinTech News, FinTech Solutions, Banking Technology, Data Suite, AI Suite, Banking Solutions, Artificial Intelligence, India FinTech News, India BankTech News, IBSi, Australia, India, India News,\" width=\"175\" height=\"175\" srcset=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/09\/Infosys-finacle.jpg 200w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/09\/Infosys-finacle-150x150.jpg 150w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2023\/09\/Infosys-finacle-100x100.jpg 100w\" sizes=\"auto, (max-width: 175px) 100vw, 175px\" \/><a href=\"https:\/\/www.banksyd.com.au\/\">Bank of Sydney<\/a> has partnered with <a href=\"https:\/\/www.finacle.com\/\">Infosys Finacle<\/a>, part of EdgeVerve Systems, to modernise its technology landscape by adopting the Finacle Digital Banking Suite, hosted on Amazon Web Services (AWS) cloud infrastructure.<\/p>\n<p data-start=\"732\" data-end=\"1099\">In a significant step toward digital transformation, the bank will access the Finacle suite in a Software-as-a-Service (SaaS) model via AWS, enabling it to scale operations dynamically and reduce technological complexity. The deployment will include Finacle\u2019s Core Banking Solution, Digital Engagement Hub, Online and Mobile Banking, and Digital Onboarding solutions.<\/p>\n<p data-start=\"1101\" data-end=\"1311\">The <a href=\"https:\/\/ibsintelligence.com\/ibsi-news\/infosys-finacle-powers-cholas-treasury-modernisation\/\">collaboration<\/a> aims to enhance customer and staff experiences, improve operational efficiency through automation, and simplify the bank\u2019s IT environment to foster agility and innovation.<\/p>\n<h5 data-start=\"1313\" data-end=\"1359\">Key Strategic Outcomes for Bank of Sydney:<\/h5>\n<ul data-start=\"1361\" data-end=\"2288\">\n<li data-start=\"1361\" data-end=\"1572\">\n<p data-start=\"1363\" data-end=\"1572\"><strong data-start=\"1363\" data-end=\"1393\">Accelerated Transformation<\/strong>:\u00a0<span style=\"margin: 0px;padding: 0px\">The\u00a0Finacle Reference Bank offers a pre-configured, Australia-compliant framework, enabling the bank to expedite deployment and efficiently meet local regulatory needs<\/span>.<\/p>\n<\/li>\n<li data-start=\"1576\" data-end=\"1765\">\n<p data-start=\"1578\" data-end=\"1765\"><strong data-start=\"1578\" data-end=\"1610\">Enhanced Customer Experience<\/strong>: The platform delivers consistent and intuitive self-service capabilities across online and mobile channels, aligning with evolving customer expectations.<\/p>\n<\/li>\n<li data-start=\"1769\" data-end=\"1959\">\n<p data-start=\"1771\" data-end=\"1959\"><strong data-start=\"1771\" data-end=\"1802\">IT Landscape Simplification<\/strong>: By consolidating systems and retiring legacy applications, the bank aims to reduce technical debt and support a more flexible, cloud-native infrastructure.<\/p>\n<\/li>\n<li data-start=\"1963\" data-end=\"2125\">\n<p data-start=\"1965\" data-end=\"2125\"><strong data-start=\"1965\" data-end=\"1988\">Scalable Innovation<\/strong>: The configuration-driven architecture and open API ecosystem allow rapid rollout of new products and seamless third-party integrations.<\/p>\n<\/li>\n<li data-start=\"2129\" data-end=\"2288\">\n<p data-start=\"2131\" data-end=\"2288\"><strong data-start=\"2131\" data-end=\"2156\">Cloud-Enabled Agility<\/strong>: Leveraging AWS\u2019s cloud services, the bank will benefit from on-demand scalability, robust security, and cost-optimised operations.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"2318\" data-end=\"2699\"><strong>Melos Sulicich, Bank of Sydney&#8217;s chief executive<\/strong> <strong>officer<\/strong>, remarked, &#8220;Our strategic ambition is to become Australia\u2019s leading deposit bank, and technology transformation is central to that vision. By modernising our core and digital banking systems with Infosys Finacle, we are laying the groundwork for scalable growth, customer-centric innovation, and regulatory resilience.&#8221;<\/p>\n<p data-start=\"2701\" data-end=\"3029\"><strong>Jamie Simon, Director of Banking and Financial Services (A\/NZ) at AWS<\/strong>, added, &#8220;Finacle on AWS empowers banks with the agility and scalability required in today\u2019s digital economy. We are pleased to support Bank of Sydney as it harnesses the cloud to improve time to market, enhance security, and elevate customer engagement.&#8221;<\/p>\n<p data-start=\"3031\" data-end=\"3429\"><strong>Sajit Vijayakumar, Chief Business Officer at Infosys Finacle<\/strong>, commented, &#8220;Our partnership with Bank of Sydney strengthens our growing footprint in Australia and reflects our focus on providing cloud-native, modernisation-ready solutions to forward-looking banks. With Finacle\u2019s comprehensive digital banking suite on AWS, Bank of Sydney is well-positioned to innovate and grow with confidence.&#8221;<\/p>\n","protected":false},"author":35737,"featured_media":551195,"parent":0,"template":"","categories":[11382,11368,11376,41795,11397],"tags":[12601,11864,43449,11673,20848,36431,13192,11409,50059,50060,11515,12008],"class_list":["post-568356","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-cloud","category-core-banking","category-digital-banking","category-mobile-banking","category-saas","tag-amazon-web-services","tag-apac","tag-asia-fintech-news","tag-australia","tag-bank-of-sydney","tag-cloud-infrastructure","tag-digital-onboarding","tag-digital-transformation","tag-finacle-digital-banking-suite","tag-finacle-reference-bank","tag-fintech","tag-infosys-finacle"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.9 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bank of Sydney chooses Infosys Finacle for cloud-first digital transformation<\/title>\n<meta name=\"description\" content=\"Bank of Sydney has partnered with Infosys Finacle to modernise its tech landscape by adopting the Finacle Digital Banking Suite, hosted on AW\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/bank-of-sydney-chooses-infosys-finacle-for-cloud-first-digital-transformation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank of Sydney chooses Infosys Finacle for cloud-first digital transformation\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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