An assessment of the top 1250 banks in the world reveals that institutions powered by the Finacle Core Banking solution, on average, enjoy 7.2% points lower costs-to-income ratio than others. The Coastal Bank of Cocoa Beach, FL was shut down on May 6th, 2011. On June 17th, the First Commercial Bank of Tampa Bay was closed and the Stonegate Bank took over any remaining assets. The choice in this technology partner speaks to Standard Bank Group Strategy of being a leading Universal Financial Services Organisation (UFSO).
Today, banks in over 100 countries rely on Finacle to service more than a billion consumers and 1.3 billion accounts. These solution are available for on-premise deployments or as cloud hosted banking. However, the bank was shut down on July 15th and later merged with the Premier American Bank. Finacle is the industry-leading digital banking solution suite. Today, banks in over 100 countries rely on Finacle to service more than a billion consumers and 1.3 billion accounts.įinacle solutions address the core banking, omnichannel banking, payments, treasury, origination, liquidity management, Islamic banking, wealth management, analytics, artificial intelligence, and blockchain requirements of financial institutions to drive business excellence. Finacle helps traditional and emerging financial institutions drive truly digital transformation to achieve frictionless customer experiences, larger ecosystem play, insights–driven interactions and ubiquitous automation. Finacle is the industry-leading digital banking solution suite from EdgeVerve Systems, a wholly owned product subsidiary of Infosys.
