Infosys is planning to launch its universal banking solution Finacle as a service offering along with its other products to expand its market reach.

As Merwin Fernandes, VP, Finacle, “We have been evaluating the option of offering Finacle as a service. Currently, we are in the process of validating market demand and formalising our strategy across geographies for such an offering.”

“The company is already capable of offering Finacle in SaaS (software-as-a-service) model. An announcement to this effect would be made at an appropriate time,” he added.

Fernandes, however, added that this offer would be made available only with large deal size.