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Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, and Bank of Sydney (BoS), today announced the bank's decision to select the Infosys Finacle Digital Banking Suite to power its transformation. Through this strategic collaboration, Bank of Sydney aims to deliver a best-in-class staff and customer experience, reduce cost and complexity through automation and digitization, and position itself strongly for future growth.
BoS will access the Finacle solutions suite in Software-as-a-Services (SaaS) mode through AWS cloud, including the Finacle Core Banking Solution, Finacle Digital Engagement Hub, Finacle Online Banking, Finacle Mobile Banking, and Finacle Digital Onboarding solutions.
Sajit Vijayakumar, Chief Business Officer and Global Head, Infosys Finacle, said, “We are thrilled to announce our collaboration with Bank of Sydney, marking a significant milestone in our expanding presence in Australia. This partnership underscores our commitment to providing flexible and affordable modernization solutions to Australian financial institutions. With Infosys Finacle's advanced cloud-native suite on AWS, Bank of Sydney will benefit from a modern, customer-centric digital banking platform, enabling better engagement, innovation, and operation. We look forward to supporting our customers in Australia and helping them thrive in the digital age.”
Consequently, effective from 20 May 2025, the issued and subscribed share capital of the Company stands increased to Rs 20,77,10,66,570/- divided into 4,15,42,13,314 equity shares of face value of Rs 5/- each.
Bharti Airtel Ltd fell 2.29% today to trade at Rs 1824. The BSE Teck index is down 0.67% to quote at 18118.65. The index is up 10.02 % over last one month. Among the other constituents of the index, Infosys Ltd decreased 0.86% and Tech Mahindra Ltd lost 0.43% on the day. The BSE Teck index went up 13.19 % over last one year compared to the 11.89% surge in benchmark SENSEX.
Bharti Airtel Ltd has added 0.05% over last one month compared to 10.02% gain in BSE Teck index and 6.98% rise in the SENSEX. On the BSE, 36.71 lakh shares were traded in the counter so far compared with average daily volumes of 3.24 lakh shares in the past one month. The stock hit a record high of Rs 1916.9 on 07 May 2025. The stock hit a 52-week low of Rs 1224.5 on 04 Jun 2024.
In the cash market, the Nifty 50 index advanced 395.20 points or 1.60% to 25,062.10.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 1.93% to 16.89.
Reliance Industries, Tata Motors and Infosys were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The May 2025 F&O contracts will expire on 29 May 2025.