Bank of Sydney Partners with Infosys to use Finacle Software for Banking

Bank of Sydney (BoS) has announced a strategic partnership with Infosys Finacle, a part of EdgeVerve Systems and a wholly-owned subsidiary of Infosys, to modernize its digital banking operations. The bank will implement the Infosys Finacle Digital Banking Suite, hosted on Amazon Web Services (AWS), to enhance customer and staff experiences, simplify operations, and prepare for future growth.

Under this collaboration, BoS will deploy Finacle’s comprehensive suite of solutions—including core banking, digital engagement, online and mobile banking, and digital onboarding—delivered in a Software-as-a-Service (SaaS) model via AWS Cloud.

Key Benefits for Bank of Sydney

• Accelerated transformation using Finacle Reference Bank, tailored for the Australian market.
• Improved digital services with seamless mobile and online banking experiences.
• Simplified IT infrastructure by retiring legacy systems, reducing complexity and operational costs.
• Agile innovation with faster rollout of new services using open APIs and configuration-driven features.
• Cloud scalability, enabling dynamic resource management to support business expansion.

Leadership Comments

Melos Sulicich, CEO of Bank of Sydney, highlighted the bank’s ambition to become Australia’s leading deposit bank. “To achieve our growth targets, modernizing our core and digital banking platforms is essential. With Infosys Finacle, we have a trusted technology partner to drive this transformation.”

Jamie Simon, Director, Banking and Financial Services (Australia/New Zealand) at AWS, added, “This collaboration with Infosys Finacle allows Bank of Sydney to scale efficiently while delivering better digital services to customers. Finacle’s SaaS model on AWS ensures cost optimization and operational agility.”

Sajit Vijayakumar, Chief Business Officer at Infosys Finacle, emphasized the company’s growing presence in Australia. “This engagement reflects our commitment to delivering flexible, cloud-native solutions to banks. With Finacle on AWS, Bank of Sydney will be well-positioned for innovation and digital excellence.”

About Bank of Sydney

Bank of Sydney is a full-service Australian bank operating under a full banking license since 2001, with branches in Sydney, Melbourne, and Adelaide. Regulated by APRA and ASIC, and a member of the Australian Banking Association, the bank focuses on delivering genuine value to customers, communities, and partners.

About Infosys Finacle

A part of EdgeVerve Systems (a subsidiary of Infosys), Finacle offers cloud-native digital banking solutions to financial institutions globally. Its platform supports over a billion people in more than 100 countries, powering core banking, digital channels, payments, lending, and more. Learn more at www.finacle.com.

Forward-Looking Statement

This announcement includes forward-looking statements based on current expectations and assumptions, subject to risks and uncertainties. Actual outcomes may vary significantly. Full risk disclosures are available in Infosys’ filings with the US Securities and Exchange Commission, including its Annual Report on Form 20-F.