Cholamandalam partners with Infosys Finacle to modernise treasury ops

Infosys Finacle has modernised the treasury operations of Cholamandalam Investment and Finance Company (Chola) as part of its efforts to streamline financial management and enhance automation. The transformation aims to centralise Chola’s treasury management on a unified, web-based platform, supporting the company’s shift towards a more digital-first approach.

With this upgrade, Chola now has end-to-end coverage for its treasury operations, managing a wide range of liabilities and investment portfolios. The new system integrates various borrowing and funding sources while also improving the efficiency of fund transfers. This has led to faster and more effective handling of loans, market borrowings, and securitisation, as well as adjustments related to interest and taxes.

Automation has played a key role in this transformation, helping Chola improve operational efficiency. Interest processing, accounting for amendments, and payment procedures have been streamlined, reducing processing times significantly. For example, the time required for coupon payouts has been notably shortened, improving overall financial management.

Infosys, known for its expertise in technology and digital services, continues to support businesses in modernising their operations. This collaboration with Chola reflects a broader trend in the financial sector towards greater automation and digital integration to ensure stability and efficiency in treasury operations.

In October 2024, Infosys Finacle introduced the Finacle Data and AI Suite, designed to help banks integrate AI into their digital operations and accelerate their AI adoption.

The suite provides a range of platforms that enable banks to develop low-code, predictive, and generative AI solutions with a focus on transparency and explainability. It is part of Infosys Topaz, an AI-first offering that leverages generative AI technologies while maintaining strong standards for ethics, trust, privacy, security, and regulatory compliance.

The suite comprises three key components: Finacle Data Platform, Finacle AI Platform, and Finacle Generative AI Offerings, each aimed at enhancing banking operations through AI-driven innovation.