Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys, announced the launch of its Finacle Payments Bank and Finacle Small Finance Bank solutions for the India market on Sep 2, 2015.

These solutions are specifically tailored for organizations seeking payments banks and small finance banks licenses from the Reserve Bank of India. With these solutions, licensees can set up the required technology backbone and become operational quickly.

Both solutions offer pre-configured set of products and business rules to aid quick deployment. The offerings capabilities to enable various distribution models such as traditional banking, agency banking, mobile wallet, and micro ATMs, among others.

These solutions ensure low capital investments and through integrated analytics, the solutions offer superior customer insights to create customized offerings and address emerging market needs.

Venkatrama Gosavi, Regional Head for Growth Markets, Infosys Finacle, said, ''Robust technology infrastructure is vital to the creation of a cost-efficient, nimble, and a competitive banking model. With Finacle, the new license holders are assured of a proven platform to help them accelerate innovation and achieve rapid growth.''

Shares of the company declined Rs 1.3, or 0.12%, to trade at Rs 1,099.00. The total volume of shares traded was 33,729 at the BSE (11.51 a.m., Thursday).