The ongoing global pandemic has exposed glaring inadequacies in the cash management system for banks. Fewer than 14 percent of banks across the world have been found to be able to apply digital technology to manage cash and capital optimally. This was one of the key observations in the recently launched 2021 Cash Management Playbook for banks, a PYMNTS report in collaboration with Infosys Finacle, Intel and Red Hat.
- How can banks enable smarter cash management?
- How can treasurers better manage cash flows, while rationalizing physical accounts and improving risk management?
- Get a roadmap on how to powerfully leverage cloud technologies, APIs and micro-services to overcome limitations of legacy systems, and rethink cash management for the increasingly digital first world.
Please click download below for your playbook
About Infosys Limited
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 94 countries and serves over 848 million customers – estimated to be nearly 16.5 percent of the world’s adult banked population. The solution is consistently rated as a leader in the market by leading industry analysts and is proven to be the most scalable banking platform globally. 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. These solution are available for on-premise deployments or as cloud hosted banking platforms. Finacle has over 450 client deployments across financial institutions of all sizes. The solution’s componentized structure and enterprise-class capabilities help banks boost the agility and efficiency of their operations, and significantly improve customer experience across channels. 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.