Infosys Finacle powers Chola’s treasury modernisation

By Gloria Methri

Infosys Finacle has successfully migrated Cholamandalam Investment and Finance Company Limited (Chola) to its Finacle Treasury solution, centralising treasury management on a unified web-based platform. This cloud-based transformation enhances automation, streamlines operations, and strengthens risk and compliance management.

With Finacle Treasury, Chola now manages the entire treasury lifecycle, optimising liabilities, investments, and funding sources. The platform also improves fund transfers, market borrowings, and tax adjustments while automating interest processing and payments. Notably, it has significantly reduced coupon payout processing time, boosting operational efficiency.

Ravindra Kumar Kundu, Managing Director, Cholamandalam Investment and Finance Company Limited, said, “Managing the growing and diverse liability book including short- and long-term borrowings and the investment portfolio including government securities Liquidity Coverage Ratio (LCR) has been both a challenge and a priority. The Finacle Treasury platform equips us with the tools to address these challenges, improve operational efficiency, and enhance risk management, all while adhering to stringent regulatory frameworks. This transformation strengthens our ability to optimise funding strategies and scale treasury operations in alignment with our growth ambitions.”

Sajit Vijayakumar, Chief Business Officer and Global Head, Infosys Finacle, said, “ The NBFC sector in India stands at a critical juncture, facing increasing compliance requirements and elevated funding costs. Our collaboration with Chola highlights our commitment to delivering a cloud-first multi-asset treasury solution that meets the industry’s current and future requirements. This collaboration further reinforces Finacle’s reputation as a trusted partner for NBFCs, empowering them to innovate, streamline, and scale their operations confidently.”