Finacle was created in 1999 as a core banking software suite and has been a part of Infosys' subsidiary EdgeVerve Systems since 2015.

[1] In 2002, Infosys consolidated its other banking software products, including BankAway and PayAway, under Finacle.

[2] In 2006, Finacle reported that it generated about 69% of its total revenue from overseas locations, largely from banks and financial institutions in the EMEA region.

[8] In 2013, American Banker noted that the new version of Finacle allowed the purchase of individual modules.

[12][13] Under EdgeVerve Systems, Finacle became a cloud-based platform, and included customer relationship management and payments offerings.