Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys (NYSE: INFY), today announced a partnership with
Payveris, an online and mobile digital payments company headquartered in Connecticut. The two entities will jointly provide integrated payment solutions to banks and credit unions throughout the United States. The offering will facilitate bill payments and innovative money movement services such as interbank transfers and person-to-person payments.
Through this partnership, the two organizations will integrate Finacle Universal Banking Solution and Payveris’ modular, open API-driven Digital Payments Platform to offer cloud-based banking services to community financial institutions in the U.S. The fully integrated solution will enable financial institutions to boost agility and efficiency of their operations, accelerate growth and improve customer experience across channels. The partnership will strengthen Infosys Finacle’s core banking, e-banking and mobile banking offerings in the U.S. through the addition of Payveris’ omni-channel digital payments capability.
Michael Reh, Executive Vice President and CEO (designate), EdgeVerve:
“To succeed in a highly competitive and fast changing banking environment, community financial institutions today seek a modern, real-time banking platform that can offer speed, flexibility and ability to run operations efficiently. Infosys Finacle is well placed to help financial institutions achieve these objectives and attain profitable growth. We believe that our partnership with Payveris will further strengthen our value proposition and enable our clients to delight their customers with innovation and seamless payment experiences.”
Jeff Weikert, President, Payveris:
“In Finacle, we found not just a solution that benefits both banks and credit unions, but also the millions of customers or members who trust these institutions with their finances. Finacle not only brings world-class banking services to the U.S. banks and credit unions, but also offers them a real technology choice that can competitively differentiate them in the industry. We are excited about our partnership with Infosys Finacle and to be their go-to-market partner for digital payment services within the United States.”
About Infosys Finacle
Finacle is the industry-leading universal banking solution from EdgeVerve Systems, a wholly owned subsidiary of Infosys. The solution helps financial institutions develop deeper connections with stakeholders, power continuous innovation and accelerate growth in the digital world. Today, Finacle is the choice of banks across 84 countries and serves over 547 million customers – nearly 16.5 percent of the world’s adult banked population.
Finacle solutions address the core banking, e-banking, mobile banking, CRM, payments, treasury, origination, liquidity management, Islamic banking, wealth management, and analytics needs of financial institutions worldwide. Assessment of the top 1000 world banks reveals that banks powered by Finacle enjoy 50 percent higher returns on assets, 30 percent higher returns on capital, and 8.1 percent points lesser costs to income than others.
About EdgeVerve Systems
EdgeVerve Systems, a product subsidiary of Infosys (NYSE: INFY), develops innovative software products and offers them on-premise or as cloud-hosted business platforms. Our products help businesses develop deeper connections with stakeholders, power continuous innovation and accelerate growth in the digital world. We power our clients’ growth in rapidly evolving areas like banking, digital marketing, interactive commerce, distributive trade, credit servicing, customer service and enterprise buying.
Today, EdgeVerve products are used by global corporations across financial services, insurance, retail and CPG, life sciences, manufacturing, and telecom. Infosys Finacle, our universal banking solution, is the choice of financial institutions across 84 countries and serves over 547 million customers – nearly 16.5 percent of the world’s adult banked population.
About Payveris, LLC
Payveris is a proven next generation provider of omni-channel digital payment solutions with a focus on keeping financial institutions at the heart of the digital payments eco-system. Payveris’ single integrated platform offers full service online/mobile bill pay, P2P money movement and interbank transfer solutions for financial institutions, service providers and merchants. The company’s secure cloud-based platform, advanced technologies and full suite of APIs enable partners and financial institutions to deliver a more flexible, cost effective, secure, integrated and customized solution. Additionally, Payveris’ innovative digital payments platform combined with its “white label” business model offers core processors, online and mobile banking providers and other providers of remote banking services a powerful solution for their financial services clients.
For more information about Payveris and its Digital Payment solutions, contact Mickey Goldwasser at 860.372.4105, via email at
email@example.com or visit
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