AMB is Australias longest serving defence financial institution and is a member-owned organisation.Financial terms of the deal were not disclosed.IT major Infosys on Tuesday said it has deployed its Finacle banking solutions suite for Australian Military Bank (AMB).It added that deployment of Finacle has enabled AMB with significant operational benefits and cost efficiencies, along with enhanced security and scalability. We chose Infosys Finacle so we could easily adapt to the dynamic and complex banking landscape, while serving our members financial needs in a secure manner," AMB Chief Executive Officer John Ford said.After the solution went live, the bank has been processing an average of 40,000 mixed transactions per day, along with 22,000 card transactions and close to 7,000 composite payments transactions on average per day."At AMB, we aspire to be a great niche bank by transforming into a modern, nimble, new age digital bank.".The comprehensive digital banking solution stack has been implemented in a fully software-as-a-service (SaaS) model, hosted out of Infosys datacentres banners china in the country, Infosys said in a statement.Sanat Rao, Chief Business Officer of Infosys Finacle, said the successful implementation at AMB underlines Finacles readiness "to enable Australian Mutuals with a proven, fast and low-risk truly digital transformation, easily on cloud