LinearSix collaborates with Infosys to help NBFIs in Sri Lanka | Daily News

LinearSix collaborates with Infosys to help NBFIs in Sri Lanka

LinearSix, a leading banking and financial solutions provider, today announced a collaboration with Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NYSE: INFY), to help non-banking financial companies (NBFIs) in Sri Lanka accelerate the digital transformation of their operations and scale their business growth. Through this collaboration, LinearSix will combine its financial services expertise with Infosys Finacle’s industry-leading digital banking solution suite, to help NBFIs rapidly digitize with best-in-class technology.

With this offering, NBFIs will be able to automate their front and back-office operations, reduce customer acquisition costs, and deliver unique and personalized customer experiences. The componentized and integrated Infosys Finacle solution suite will allow the NBFIs to modernize with minimum risk, while empowering them with actionable customer insights, an API-driven architecture for easy partnerships and an in-built product factory to rapidly launch new offerings, in response to emerging market demands. Mario Gooneratne, Co-founder and CEO of LinearSix stated, “NBFIs play a crucial role in meeting the financial needs of individuals and businesses that are largely unorganized and have traditionally remained un-served or underserved by banks. Our partnership with Infosys Finacle aims to strengthen the position of NBFIs in the tech ecosystem and drive Sri Lanka towards greater economic prosperity. LinearSix and Infosys Finacle are both trusted brands within the banking community in Sri Lanka, and we will continue to combine our efforts to deliver unprecedented levels of performance and customer delight.”

Venkatramana Gosavi, Senior Vice President & Global Head of Sales, Infosys Finacle said, “With a growing deployment base, Infosys Finacle has demonstrated a steadfast commitment to power innovation-driven growth for the Sri Lankan banking industry. We are delighted to collaborate with LinearSix, to help the country’s NBFIs gain a digital edge with the industry-leading Finacle Digital Banking solution suite. We are confident that Sri Lanka’s NBFIs will gain from Finacle’s proven capabilities and openness to improve efficiencies, deliver differentiated offerings, and provide world-class banking experiences to their customers.”