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This deal links Infosys (INFY) to a multi-geography banking modernisation mandate, expanding Finacle's SaaS footprint in regulated markets where core-banking replacement cycles are long-term revenue commitments; it also deepens the cloud infrastructure relationship between Infosys and Microsoft (MSFT), as Azure serves as the hosting layer, tying both companies' enterprise-cloud narratives to financial-services digital transformation demand.
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Investec has selected Infosys Finacle's SaaS platform, hosted on Microsoft Azure, to drive its digital banking transformation across South Africa, the UK, Mauritius, and the Channel Islands.
This deal links Infosys (INFY) to a multi-geography banking modernisation mandate, expanding Finacle's SaaS footprint in regulated markets where core-banking replacement cycles are long-term revenue commitments; it also deepens the cloud infrastructure relationship between Infosys and Microsoft (MSFT), as Azure serves as the hosting layer, tying both companies' enterprise-cloud narratives to financial-services digital transformation demand.
FirstSquawk·07/24, 07:33 AM
ZeroHedge·07/15, 03:20 AM