Resimac Selects Infosys Finacle Digital Banking SaaS to Build Australia’s First Neo-Non-Bank

Bengaluru: Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NYSE: INFY) and Resimac, a leading non-bank lender in Australia and New Zealand, today announced the selection of Finacle Digital Banking SaaS to achieve end-to-end digital modernization to provide enhanced customer experience across all its brands in Australia and New Zealand. The comprehensive, Australia-ready, digital banking solution stack will be offered in a fully SaaS model on a state-of-the-art public cloud architecture, enabling Resimac to cost-effectively scale at will, while delivering personalized digital banking experiences with enhanced security.

The Finacle suite provides a comprehensive, flexible and integrated platform to enable Resimac to create products, open accounts and manage the entire loan-servicing lifecycle, including payments, in a truly digital manner
Resimac will be able to deliver extensive self-service capabilities across multiple digital channels, to give end-consumers the flexibility to personalize products, such as choosing lending terms, to cater to their unique requirements
The Finacle solution’s open application programming interfaces (APIs) will enable effective collaboration with ecosystem partners. Localized components of the solution, including 16 integration adapters, will empower Resimac to establish seamless end-to-end integration with major allied service providers and key partners such as credit bureaus, ATM providers and digital payments providers
Scott McWilliam, Chief Executive Officer, Resimac, said, “At Resimac, we are engineering for the future. Our ‘customer first’ digital strategy recognizes that lending in the future will look fundamentally different from today. Our partnership with Infosys Finacle will enable us to seamlessly adapt to the dynamic and complex lending landscape, while serving our customers’ financial needs in a secure manner. We are confident that Finacle’s solutions delivered on the cloud will accelerate our transformation into a digital-first lender and help deliver a range of multi-accessible, flexible and innovative financial solutions.”

Venkatramana Gosavi, Senior Vice President & Global Head of Sales, Infosys Finacle, said, “As one of the early movers to cloud in the non-bank sector, Resimac is clearly pioneering a path and we are proud to be their partner of choice in this change journey. The Finacle Digital Banking SaaS model will allow Resimac to achieve the necessary agility as well as provide enhanced functionality and security to its customers. We look forward to supporting Resimac with a proven, fast and risk-mitigated digital transformation, and help it set new benchmarks for customer experience and growth.”

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