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The solution’s seamless integration with Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys, will play a key role in creating an efficient pathway for financial institutions to access Mastercard Move's cross-border capabilities in a fraction of the typical implementation time and without the intensive resourcing traditionally needed for integration projects.
Mastercard Move provides direct disbursers, banks, non-bank financial institutions and their customers with fast, secure money transfer solutions, both domestically and internationally.
The portfolio of solutions reaches more than 200 countries and 150+ currencies, with access to more than 95 percent of the world’s banked population.
Dennis Gada, EVP and Global Head of Banking and Financial Services, Infosys, said, “Financial institutions are prioritizing advancements in digital payment systems. The frequency of daily transactions makes it a primary touchpoint with customers — and the key to building long-term loyalty.
Consumers gravitate toward institutions that offer fast, secure and seamless transaction experiences. Our collaboration with Mastercard to enable near real-time, cross-border payments is designed to significantly improve the financial experiences of everyday customers.'
Infosys is a global leader in next-generation digital services and consulting.
The company’s consolidated net profit declined 1.59% to Rs 6,921 crore despite a 3.31% increase in revenue from operations to Rs 42,279 crore in Q1 FY26 over Q4 FY25.
The scrip declined 1.29% to currently trade at Rs 1480.75 on the BSE.
In the cash market, the Nifty 50 index lost 74.05 points or 0.30% to 24,426.85.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 3.49% to 11.75.
Reliance Industries, Infosys and RBL Bank were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The September 2025 F&O contracts will expire on 30 September 2025.
In the cash market, the Nifty 50 index added 97.65 points or 0.39% to 24,967.75.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.25% to 11.76.
Infosys, Tata Consultancy Services and Reliance Industries were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The August 2025 F&O contracts will expire on 28 August 2025.
Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, today announced its collaboration with Uniting Financial Services (UFS), a charitable development fund in Australia, to implement the next-gen Finacle Digital Banking Suite. The move from UFS' incumbent platform to Finacle Software-as-a-Service (SaaS) on AWS cloud was completed in less than five months. This was enabled by the Finacle Australian Reference Bank Model - a solution with preconfigured products, processes, interfaces, and compliance rules. The implemented Finacle Digital Banking Suite includes the Finacle Core Banking, Finacle Digital Engagement Hub, Finacle Online Banking, Finacle Mobile Banking, Finacle Customer Data Hub, and Finacle Alerts.
This collaboration will enable UFS to transform its operations, helping enhance business agility, compliance, and operational efficiency. It will also help UFS to provide a world-class digital experience for its customer base, introduce new offerings faster and scale seamlessly, in line with its purpose-driven growth strategy.
Sajit Vijayakumar, Chief Executive Officer, Infosys Finacle, said, “We are delighted to collaborate with Uniting Financial Services on their transformation journey. Going live on Finacle SaaS in record time is a testament to our commitment to modern banking and customer-centric innovation. This rapid deployment underscores the power of a truly digital, cloud-native platform that's built for agility, compliance, and scale. For community banks in the region looking to modernize without the pain of legacy transformation, this is proof that next-gen banking is not just possible - it's achievable, fast.”