LinearSix to help NBFCs in Sri Lanka to Accelerate Digital Transformation led growth

Partnership 2 Min read time 4 Apr 2021
LinearSix Admin

LinearSix in partnership with Infosys Finacle will empower NBFCs with a proven, integrated digital banking solution to rapidly transform and scale business growth

Bengaluru, India – March, 2021: LinearSix, a leading banking and financial solutions provider, today announced a collaboration with Infosys Finacle, part of EdgeVerve Systems, a wholly-owned product subsidiary of Infosys (NYSE: INFY), to help non-banking financial companies (NBFCs) in Sri Lanka to accelerate the digital transformation of their operations and scale their business growth. Through this partnership, LinearSix will combine its financial services expertise with Infosys Finacle’s industry-leading digital banking solution suite, to help NBFCs rapidly digitize with best-in-class technology and drive growth with new business models.

With this offering, NBFCs 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 NBFCs 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, “NBFCs 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 NBFCs 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 NBFCs gain a digital edge with the industry leading Finacle Digital Banking solution suite. We are confident that Sri Lanka’s NBFCs will gain from Finacle’s proven capabilities and openness to improve efficiencies, deliver differentiated offerings, and provide world-class banking experiences to their customers.”