Press release

16 Mar 2021 London, GB

EY announces alliance with EdgeVerve to help drive banking transformation with Finacle solution suite

LONDON, 16 MARCH 2021. EY today announces an alliance between EY India and EdgeVerve to help global banks and financial institutions drive digital transformation.

Press contact
EY Americas

Multidisciplinary professional services organization

  • Leverages EdgeVerve’s Finacle solutions to increase customer engagement, efficiency and performance
  • Supports digital innovation for banks and financial institutions

EY today announces an alliance between EY India and EdgeVerve to help global banks and financial institutions drive digital transformation. The alliance also covers EY member firms in the UK, US and Belgium, with further global expansion planned.

EdgeVerve, a wholly owned subsidiary of Infosys, will leverage its offering, the Infosys Finacle Digital Banking solution suite, which provides banks with a comprehensive cloud-native and modular platform across the digital core, engagement, and experience layers of banking. The alliance will further strengthen the collaboration in this space.

Together, EdgeVerve and EY teams will assist banks of all sizes and stages of digital maturity to accelerate their transformation journeys. Financial institutions can leverage the joint proposition to provide customers with intuitive user experiences, data-driven engagement, and improved automation. In doing so, banks and financial institutions can benefit from increased growth and revenue, improved performance, and operational excellence.

Jan Bellens, EY Global Banking & Capital Markets Sector Leader, says:

“Financial institutions are looking to adapt and modernize in an increasingly challenging banking environment comprised of non-traditional players, slow economic growth and overwhelmed IT departments. Integrating the sector capabilities of EY with the Finacle technology platform is critical to providing clients with quality customer experiences and insights-driven interactions.”

Sanat Rao, Chief Business Officer and Global Head, Infosys Finacle says:

“Digitization is fundamentally reshaping the banking industry. Today, banks need to engage with customers in new ways, innovate continuously to stay relevant, operate efficiently to stay competitive and drive constant transformation. Our digital banking solution suite provides a broad range of industry-leading capabilities to help financial institutions drive success across these objectives. The combination of our solution suite and EY teams’ consulting capabilities and industry experience will assist banks to scale their digital transformation journeys with confidence and predictability.”

-ends-

Notes to editors

About EY

EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.

Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.

Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.

This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients.