Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys and Regional Investment Corporation (RIC), an Australian government concessional finance provider for farmers, today announced RIC's successful implementation of the Finacle Digital Lending Solution Suite in a Software-as-a-Service (SaaS) mode running on AWS.
The transformation project, which included the adoption of the Finacle Online Banking and Finacle Alerts Solution, was completed in just nine months. RIC is now able to offer truly digital financial lending services to its customers in the Australian agricultural sector at significantly lower operating costs and higher self-service capabilities