Infosys Finacle now on Oracle cloud

BANGALORE, INDIA: Infosys Finacle will now be available as a managed service on Oracle Cloud. This offering will enable banks globally to leverage Finacle’s solution suite, along with other enterprise-class applications hosted on premise or in an external environment.

The offering will enable banks of all sizes to run enterprise-class banking applications such as payments and core banking on the cloud.

Finacle clients can also use the managed service for production environments with the new Oracle Database Exadata Cloud Service, for utmost resilience. A pre-integrated suite of solutions will help clients minimize costs, complexity and efforts of implementations.  Banks can choose to leverage the entire banking platform as a managed service or can use specific services such as payments.

Michael Reh, Executive Vice President and CEO (designate), EdgeVerve said, “Up to now, the banking industry has been wary of adopting cloud solutions. The combination of Finacle and Oracle allows financial institutions to benefit from the flexibility and scalability of the cloud with confidence.”

Thomas Kurian, President, Product Development, Oracle said, “With the Oracle and Infosys Finacle offerings, banks across the globe can take advantage of the latest Finacle stack along with our industry leading enterprise cloud infrastructure.”