Australian Government farm business lender, RIC (Regional Investment Corporation) has been honoured with a global banking and finance award in recognition of achievements in innovation and technology implementation.
RIC and Infosys Finacle were recognised for 'Excellence in Innovation - Digital Lending Technology Implementation' at the Global Banking & Finance Awards 2024.
RIC Chief Executive Officer, John Howard said this international award recognises a significant program of work that innovated the delivery of RIC loans, successfully transitioning to a fully insourced lending model, offering a complete end-to-end customer experience to farmers across Australia.
"This accolade highlights the successful collaboration between RIC and Infosys Finacle, which has enabled us to deliver high-quality services to, and engagement with, our customers while setting a new benchmark in cloud innovation and financial technology.
"As an Australian Government farm business lender that is largely regionally based, we are proud of this acknowledgement and we welcome the opportunity to shine a light on regional and rural Australia through the honour of this accolade on the global stage," Mr Howard said.
The Global Banking and Finance Awards were created to recognise companies of all sizes that are prominent in particular areas of expertise and excellence within the global financial community. They reflect the innovation, achievement, strategy, progressive and inspirational changes taking place within the financial sector.
