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EY has announced the launch of an alliance between EY India and EdgeVerve in an effort to assist global banks and financial institutions drive digital transformation.
The new partnership will also cover the accounting giant’s member firms in the US, UK and Belgium.
EdgeVerve, a subsidiary of Infosys, provides bank and financial services firms with a digital platform across the digital core, engagement, and experience layers of their services.
Financial institutions will be able to leverage the joint proposition to provide customers with intuitive user experiences, data-driven engagement, and improved automation.
Jan Bellens, EY’s Global Banking and Capital Markets sector leader, said: “Financial institutions are looking to adapt and modernize in an increasingly challenging banking environment comprised of non-traditional players, slow economic growth and overwhelmed IT departments.
“Integrating the sector capabilities of EY with the Finacle technology platform is critical to providing clients with quality customer experiences and insights-driven interactions.”
Sanat Rao, chief business officer and global head of Infosys Finacle, said: “Digitization is fundamentally reshaping the banking industry. Today, banks need to engage with customers in new ways, innovate continuously to stay relevant, operate efficiently to stay competitive and drive constant transformation.
“Our digital banking solution suite provides a broad range of industry-leading capabilities to help financial institutions drive success across these objectives. The combination of our solution suite and EY teams’ consulting capabilities and industry experience will assist banks to scale their digital transformation journeys with confidence and predictability.”
