Infosys Wins Digital Banking Contract from Australian Development Fund

Infosys has secured a digital banking services contract from the Australian Development Fund. The company provides end-to-end business solutions, including consulting, systems integration, and application development and maintenance. Their Finacle TM banking product offers core banking, mobile banking, and e-banking solutions for retail, corporate, and universal banks worldwide. The contract will see Infosys provide digital banking services to the Australian Development Fund, expanding the company's presence in the Australian market.

Infosys has secured a significant digital banking services contract from the Australian Development Fund, Uniting Financial Services (UFS). The contract, announced on August 20, 2025, involves the implementation of the Finacle Digital Banking Suite, a comprehensive solution designed to enhance UFS' core banking and digital capabilities. This collaboration marks a milestone in the Australian financial services landscape, with the project completed in just five months, setting a new industry benchmark for rapid digital transformation.

The Finacle Digital Banking Suite, delivered as Software-as-a-Service (SaaS) on AWS cloud, includes core banking, digital engagement, online banking, mobile banking, customer data hub, and alerts functionalities. This suite leverages the Finacle Australian Reference Bank Model, which offers preconfigured products, processes, interfaces, and compliance rules, enabling a swift and efficient transition from UFS' incumbent platform.

John McComb, Chief Risk Officer and Acting CEO of UFS, expressed his satisfaction with the successful go-live of the Finacle platform, stating, "Our goal was to modernize our core banking and digital capabilities to enhance the experience for clients. With Infosys Finacle, we have found a long-term technology partner, with the ability to deliver a future-ready platform that meets the needs of our operations today and supports our ambitions for tomorrow in a rapidly evolving financial services landscape" [1].

The collaboration will enable UFS to deliver richer digital experiences, expand its investment product offerings, scale deposits, and grow its commercial loan business. Additionally, the suite will facilitate seamless connectivity with partners through open APIs, driving both innovation and operational gains. The cloud-native SaaS services and AWS infrastructure ensure resilience, on-demand scalability, and reliable performance, while building a secure, cloud-native banking environment leveraging services like Amazon RDS, Amazon EKS, and AWS WAF [1].

Sajit Vijayakumar, Chief Executive Officer of Infosys Finacle, highlighted the rapid deployment as a testament to the power of digital, cloud-native platforms, stating, "Going live on Finacle SaaS in record time is a testament to our commitment to modern banking and customer-centric innovation. This rapid deployment underscores the power of a truly digital, cloud-native platform that's built for agility, compliance, and scale" [1].

The contract not only expands Infosys' presence in the Australian market but also demonstrates the company's commitment to providing end-to-end business solutions, including consulting, systems integration, and application development and maintenance. The Finacle TM banking product, which offers core banking, mobile banking, and e-banking solutions for retail, corporate, and universal banks worldwide, will now be utilized to serve the Australian Development Fund.

References:
[1] https://www.prnewswire.com/apac/news-releases/uniting-financial-services-australia-subscribes-to-infosys-finacles-digital-banking-saas-suite-on-aws-cloud-302534314.html