Infosys Limited has informed the Exchange regarding 'Bank CTBC Indonesia Adopts Infosys Finacle Digital Banking Solution on Cloud '.

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On the reaction day the stock moved 4.3 pts more than Nifty 100 and 4.1 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Bank CTBC Indonesia, a commercial bank in Indonesia, has chosen Infosys' Finacle Digital Banking Suite to run on cloud. Finacle is Infosys' flagship banking software platform used by banks worldwide for core banking, digital channels, and analytics. The adoption will help CTBC Indonesia modernise its digital banking infrastructure using a cloud-hosted model. No contract value, deal size, or duration has been disclosed in the filing.

Likely market impact

This is a new logo win for Infosys in the Southeast Asian banking market and supports the growth story of its Finacle platform, though the lack of disclosed deal value limits its materiality for shareholders.