Bank of Sydney Goes Digital: Infosys Finacle Suite on AWS Cloud to Power Next-Gen Banking

Image Source: Consultancy.uk

Bank of Sydney has taken a bold leap in its digital transformation journey by subscribing to the Infosys Finacle Digital Banking Suite on Amazon Web Services (AWS) Cloud, setting the stage for a new era of agile, secure, and customer-centric banking in Australia.

Key Highlights:

Core Banking Overhaul: Bank of Sydney is replacing its legacy Fiserv platform with the Infosys Finacle core banking system, a move approved by the board in December 2024. The transition is already underway, with rollout targeted for early 2026.
Cloud-Native Advantage: By adopting Finacle on AWS, the bank will benefit from scalable, cloud-native architecture, enabling rapid deployment of new digital products, seamless upgrades, and robust disaster recovery.
Australia-Ready Solution: Infosys Finacle’s suite is tailored for the Australian market, featuring compliance with APRA standards, AML/KYC workflows, open banking consent, and privacy requirements. This reduces go-live risk and accelerates time-to-market for new offerings.
Enhanced Customer Experience: The new platform will support advanced internet and mobile banking, and allow direct connection to Australia’s New Payments Platform, driving real-time payments and richer digital experiences for Bank of Sydney’s 25,000+ customers.
Operational Efficiency: Finacle on AWS promises lower total cost of ownership, automated intelligent operations, and the ability to scale with the bank’s rapid growth—now outpacing the industry average by threefold.
Strategic Validation: This partnership validates Infosys Finacle’s position as a leader in cloud banking solutions, now serving banks in over 100 countries and managing more than a billion accounts globally.

Bank of Sydney’s digital leap with Infosys Finacle and AWS marks a transformative step for both the bank and the broader Australian banking landscape.

Source: Banking Day, Infosys, AWS Blogs

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