Infosys Finacle underpins Goldman Sachs’ new lending business, Marcus
As Banking Technology exclusively reported earlier this year, Goldman Sachs has been working with Infosys on a new digital venture.
The solution, which supports “the complete consumer loan-servicing lifecycle” at Marcus, is deployed in the cloud and hosted by Goldman Sachs, according to Infosys.
“Marcus is now able to deliver extensive self-service capabilities on digital channels to design truly personalised products,” the vendor states.
The implementation project was completed in eight months, using the agile implementation framework and the pre-configured Finacle core system, which the vendor states is fully US-compliant.
Marcus/Goldman Sachs is Infosys’ third banking software taker in the US.
The other two are Discover Financial Services, which has replaced its legacy core banking platform supplied by Fiserv with Finacle; and Eastern Bank, which has ousted FIS’s channel banking platform in favour of e-Finacle.
Last year, Infosys also teamed up with Verizon, to offer the Finacle suite as a Software-as-a-Service (SaaS) model on Verizon Cloud. The offering is aimed at the US community banks and financial institutions.