Australian Government low-interest farm business lender, RIC (Regional Investment Corporation) has been honoured with a global banking and finance award in recognition of achievements in innovation and transformation.
RIC and Infosys Finacle were announced as the winner of the Best Project Implementation in the Most Innovative Cloud Deployment category at the IBSi Global FinTech Innovation Awards 2024.
RIC Chief Executive Officer, John Howard said this global accolade recognises an important program of work that has innovated the delivery of loans, with RIC now being a full-service lender delivering a complete end-to-end customer experience to farmers across Australia.
"This award highlights the collaboration between RIC and Infosys Finacle, which set a new benchmark in cloud innovation and financial technology, while enabling RIC's delivery of high-quality services to, and engagement with, our customers.
"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.
This year, the award program received more than 400 nominations from banking and financial institutions from around the world.
