Sterling Bank picks Infosys Finacle SaaS for banking upgrade

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AI summary

Sterling Bank of Asia in the Philippines has selected Infosys Finacle's Software-as-a-Service platform for its digital transformation. The bank will adopt Finacle Core Banking, Customer Data Hub, Trade Finance, and Origination solutions to automate operations and improve customer experience. No contract value was disclosed. The deal adds to Finacle's growing presence in the Philippine thrift banking segment.

Likely market impact

New overseas client win for Infosys Finacle supports Southeast Asia growth, but no financial details were shared, limiting immediate stock impact.