Bank of Sydney chooses Infosys Finacle for cloud-first digital transformation

By Gloria Methri

Bank of Sydney has partnered with Infosys Finacle, part of EdgeVerve Systems, to modernise its technology landscape by adopting the Finacle Digital Banking Suite, hosted on Amazon Web Services (AWS) cloud infrastructure.

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’s Core Banking Solution, Digital Engagement Hub, Online and Mobile Banking, and Digital Onboarding solutions.

The collaboration aims to enhance customer and staff experiences, improve operational efficiency through automation, and simplify the bank’s IT environment to foster agility and innovation.

Key Strategic Outcomes for Bank of Sydney:

• Accelerated Transformation: The Finacle Reference Bank offers a pre-configured, Australia-compliant framework, enabling the bank to expedite deployment and efficiently meet local regulatory needs.

• Enhanced Customer Experience: The platform delivers consistent and intuitive self-service capabilities across online and mobile channels, aligning with evolving customer expectations.

• IT Landscape Simplification: By consolidating systems and retiring legacy applications, the bank aims to reduce technical debt and support a more flexible, cloud-native infrastructure.

• Scalable Innovation: The configuration-driven architecture and open API ecosystem allow rapid rollout of new products and seamless third-party integrations.

• Cloud-Enabled Agility: Leveraging AWS’s cloud services, the bank will benefit from on-demand scalability, robust security, and cost-optimised operations.

Melos Sulicich, Bank of Sydney’s chief executive officer, remarked, “Our strategic ambition is to become Australia’s 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.”

Jamie Simon, Director of Banking and Financial Services (A/NZ) at AWS, added, “Finacle on AWS empowers banks with the agility and scalability required in today’s 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.”

Sajit Vijayakumar, Chief Business Officer at Infosys Finacle, commented, “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’s comprehensive digital banking suite on AWS, Bank of Sydney is well-positioned to innovate and grow with confidence.”