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Infosys Finacle teams with Oracle to offer Finacle on Oracle Cloud

India Blooms News Service | | 23 Nov 2015, 07:44 pm
Bangalore, Nov 23 (IBNS): Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys, on Monday announced the launch of a new offering 'Finacle as a managed service on Oracle Cloud'.
This offering will enable banks globally to leverage Finacle’s industry-leading solution suite, along with other enterprise-class applications hosted on premise or in an external environment, to gain agility and cost efficiencies. 
 
With this offering, Finacle becomes one of the first comprehensive banking platforms to be available as a managed service on Oracle Compute Cloud.
 
The offering will enable banks of all sizes to run enterprise-class banking applications such as payments and core banking on the cloud.
 
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, "Infosys Finacle and Oracle have been working together for over a decade now. 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.” 
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