Infocorp
Infocorp Group is a Montevideo-based digital banking software provider founded in 1994 that sells its IC Banking Suite omnichannel platform to banks across Latin America and the Caribbean, serving 40+ financial institutions and 10M+ end users under CSI (Constellation Group Canada) ownership since 2020.
- Company typePrivate
- Founded1994
- HeadquartersMontevideo, Uruguay
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Infocorp does
Infocorp Group is a Montevideo, Uruguay-based software company founded in 1994 that builds digital banking platforms for financial institutions across Latin America and the Caribbean. Its core product is the IC Banking Suite, an omnichannel hub serving retail, corporate, and SME banking segments, with channels spanning web, mobile, WhatsApp, Messenger, and X. The platform is built on a Microsoft technology stack (.NET, Angular, React Native, TypeScript, Microsoft SQL, ASP.net Web API) and organized around a proprietary Smart Rings architecture that exposes banking capabilities through SDKs and APIs, supporting an Open Finance layer via IC Open Finance and an IC Digital Toolkit for developer teams.
The company has deployed its platform across more than 40 banks in 16+ countries, including named customers such as Scotiabank, Banreservas, Banco de Bogotá, Banco Santander Uruguay, Banco BCI, Banco Comafi, Banco Ficohsa, and Banco Agrario de Colombia, processing 120M+ transactions per month from 10M+ active end users. Infocorp monetizes through annual subscription licensing of the IC Banking Suite, bundled implementation and consulting services delivered under its proprietary B-Fly methodology, and managed-services orchestration of third-party vendors (Entrust, DocuSign, Microsoft Azure, Experian, FacePhi, Jumio, Prisma Campaigns, Latinia) through the IC Marketplace. GTM is exclusively direct enterprise sales to financial institutions, with no self-service or product-led motion.
Since 2020, Infocorp has operated as a subsidiary of CSI (Constellation Group Canada), a diversified conglomerate of 500+ companies. The company employs 200+ professionals across offices in Montevideo, Colonia del Sacramento (Uruguay), and Santiago (Chile), and has built four flagship AI modules (Conversational Banking, IC Insight, AI Process Automation, and GURU) that it describes as deployed in 16+ live bank production environments. Certification posture includes ISO 27001 alignment and LSQA quality certification.
Infocorp firmographics
Firmographics- Name
- Infocorp
- Legal name
- INFOCORP GROUP
- Website
- https://infocorpgroup.com
- Company type
- Private
- Founded year
- 1994
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Infocorp Group is a Montevideo-based digital banking software provider founded in 1994 that sells its IC Banking Suite omnichannel platform to banks across Latin America and the Caribbean, serving 40+ financial institutions and 10M+ end users under CSI (Constellation Group Canada) ownership since 2020.
- Ownership category
- akta.pro rank
Infocorp industry classification
Industry- Product category
- Digital Banking Software
- NAICS
- Software Publishers (513210), Computer Systems Design Services (541512), Computer Systems Design and Related Services (54151)
- SIC
- Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- iBPMS (Intelligent BPM Suites) & Process Automation Suites (HDAEAHAG)
- akta.pro secondary industries
- AI Application Enablement Platforms (Copilot/Agent Frameworks, SDKs) (HDAEANAJ), AI Integration & Orchestration Platforms (Connectors, Workflow, iPaaS for AI) (HDAEANAI), B2B/EDI & Partner Integration (BPAMAOAJ)
Keywords
Where Infocorp is headquartered
LocationHeadquarters
- HQ city
- Montevideo
- HQ country
- Uruguay
- HQ region
- Latin America
Offices3 records
Markets served
Infocorp business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- IC Banking Suite Platform Licensing: Licensing of the IC Banking Suite platform to banks for digital banking operations, including web, mobile, and omnichannel capabilities. Implementation and customization services are bundled with platform deployment.
- Professional Services and Consulting: Implementation, consulting, and customization services using the B-Fly methodology, providing ongoing support and optimization for banking clients.
- IC Marketplace Integration Services: Technology orchestration services through the IC Marketplace, providing banks access to complementary third-party solutions (Entrust, DocuSign, Microsoft Azure, etc.) tested and audited by Infocorp.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise licensing with customized pricing |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
Infocorp product offering
Product offeringCore offering
Infocorp develops and licenses the IC Banking Suite, an intelligent, flexible, and customizable omnichannel digital banking platform that enables banks across Latin America and the Caribbean to deliver retail, corporate, and SME banking services through web, mobile, and conversational channels. The platform integrates AI-powered solutions (Conversational Banking, IC Insight, AI Process Automation, and GURU support agent) and is built on a Microsoft technology stack. Implementation and consulting services using the proprietary B-Fly methodology are bundled with platform deployment.
Product overview
Infocorp offers the IC Banking Suite, a comprehensive digital banking platform ecosystem built around the IC Smart Platform as its core. The platform consists of multiple integrated modules including IC Web Banking, IC Mobile Banking, IC Onboarding & Origination, IC Back Office, IC Analytics, IC Public Portal, and IC Social Banking, complemented by AI-powered solutions (Conversational Banking, IC Insight, AI Process Automation, and IC Smart Support Agent/GURU). Additional offerings include IC Open Finance, IC Digital Toolkit, IC Marketing Automation, and IC Personal Finance. The company also provides the IC Marketplace as a hub for third-party integrations. All solutions are delivered using proprietary methodologies B-Fly and SEA, serving 40+ banks across LATAM and the Caribbean with over 120 million monthly transactions.
Differentiator
Problem solved
Functional benefit
Brands
- IC Banking Suite: Intelligent, flexible and customizable omnichannel banking platform that enables cross-device experiences for retail, corporate and SMEs banking. Includes AI-powered solutions such as Conversational Banking, IC Insight, AI Process Automation, and IC Smart Support Agent (GURU).
- IC Smart Platform
- IC Open Finance
- IC Digital Toolkit
- IC Marketing Automation
- B-Fly
- Learn & Grow
- IC Marketplace
- SARA
- IC Insight
- IC Smart Support Agent (GURU)
Products and services
- IC Banking Suite Intelligent, flexible, and customizable omnichannel digital banking platform for retail, corporate, and SME banking segments. Provides web, mobile, and conversational banking experiences with integrated AI capabilities, deployed at 40+ banks across Latin America and the Caribbean.
- Conversational Banking AI-powered conversational banking solution that enables bank customers to interact with banking services and perform transactions through WhatsApp, Messenger, and X (Twitter) messaging channels.
- IC Insight AI-powered recommendation engine that delivers proactive information and personalized alternative recommendations to users within web or native banking applications.
- AI Process Automation Multi-agent AI orchestration system for end-to-end automation of business processes, led by experts and integrated with existing banking workflows.
- IC Smart Support Agent (GURU) Expert AI agent specialized in banking operations, support documentation, procedure manuals, and observability for back-office and operational use cases.
- IC Open Finance Open Banking and Open Finance solution enabling financial institutions to participate in the API economy using open standards-based APIs.
- IC Digital Toolkit
- IC Marketing Automation
- IC Personal Finance
- IC Onboarding & Origination
- IC Marketplace
- Digital Bank Engine
Quantifiable outcome
- 200% growth in active customers for Banco Ficohsa using SARA conversational banking
- +4 more outcomes
Companies that use Infocorp
Customer profileNamed customers30 records
Segments4 records
Ideal customer profiles1 record
Infocorp technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration22 records
AI capability9 records
Feature7 records
Infocorp partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core.
- EntrustcoreGlobal leader in identity, payments and data security providing identity solutions such as cards, digital certificates, and mobile credentials along with digital payment experiences integrated into IC Banking Suite.
- Microsoft AzurecoreCloud platform providing 200+ cloud products and services. Infocorp leverages Azure for creating and running applications across multiple clouds and on-premise environments.
- DocuSigncoreNumber 1 in electronic signature and cloud agreements, enabling banks to send documents and get customers to sign quickly and intuitively.
- Prisma CampaignscoreOmnichannel marketing campaign platform that leverages user information and behaviors to create personalized campaigns strengthening loyalty and market share.
- Apple PaycoreMobile payment integration enabling banks to offer Apple Pay functionality within their digital banking apps.
- ExperiancoreCredit scoring and data analytics provider integrated for credit risk assessment and fraud prevention in banking processes.
Scale indicators7 records
Recent moves8 records
Expansion highlights7 records
Infocorp competitors and assessment
Company assessmentOthers
- Kony (now part of Temenos Quantum): Mobile-first digital banking platform historically focused on community banks. Adjacent comparable to Infocorp's IC Mobile Banking and IC Onboarding modules for retail and SME banking digital experiences.
Broad incumbents
- NCR Voyix (Digital Banking): Digital banking software business (formerly NCR) serving community and regional banks with online and mobile banking platforms. Comparable to Infocorp's SME and retail banking focus in the Americas.
- Oracle Financial Services: Incumbent vendor of core banking and digital experience platforms through Oracle Banking suite. Comparable to Infocorp in targeting large bank digital transformation programs globally.
- Finastra: Large incumbent financial software provider of core, retail, and digital banking solutions globally. Comparable in serving the digital transformation needs of mid-to-large banks, including in emerging markets.
- FIS (Fidelity National Information Services): Large incumbent financial technology provider with broad digital banking, payments, and capital markets offerings. Overlaps with Infocorp in digital banking solutions for banks but operates at much greater scale and breadth.
Direct peers
- Temenos: Global leader in core and digital banking software serving retail, corporate, and SME segments. Comparable to Infocorp in delivering full-stack omnichannel banking platforms to financial institutions across multiple geographies.
- Backbase: Digital banking platform provider focused on engagement banking and customer experience. Directly comparable to Infocorp's IC Banking Suite as a SaaS-style digital banking layer for retail and SME banks.
- Q2 Holdings: Provider of digital banking and lending solutions to community and regional banks, particularly in the Americas. Comparable to Infocorp in targeting mid-sized financial institutions with omnichannel digital experiences.
- Mambu: Cloud-native core banking and digital banking platform serving neobanks and incumbent banks. Comparable to Infocorp in providing composable banking infrastructure to financial institutions in emerging markets.
- Technisys: Banking platform vendor (acquired by SoFi) offering core, digital, and AI-powered banking for retail and corporate. Comparable in providing a unified banking platform with modern AI/ML capabilities to financial institutions.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Infocorp social profiles
Digital presenceInfocorp compliance and trust
Trust signalCompliance4 records
Infocorp financial estimates
Financial estimateRevenue estimate
Valuation estimate
Infocorp leadership team
Management profileNumber of profiles
Profiles6 records
Infocorp funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Infocorp M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Infocorp
What does Infocorp do?
Infocorp develops and licenses the IC Banking Suite, an intelligent, flexible, and customizable omnichannel digital banking platform that enables banks across Latin America and the Caribbean to deliver retail, corporate, and SME banking services through web, mobile, and conversational channels. The platform integrates AI-powered solutions (Conversational Banking, IC Insight, AI Process Automation, and GURU support agent) and is built on a Microsoft technology stack. Implementation and consulting services using the proprietary B-Fly methodology are bundled with platform deployment.
Is Infocorp a public or private company?
Infocorp is a private company. It is classified as corporate owned and is currently operating.
When was Infocorp founded?
Infocorp was founded in 1994. It employs 51 to 100 people.
Where is Infocorp based?
Infocorp is headquartered in Montevideo, Uruguay, in the Latin America region.
How does Infocorp make money?
Three revenue lines are on record. IC Banking Suite Platform Licensing is the primary driver. The others are professional Services and Consulting and IC Marketplace Integration Services.
Who are Infocorp's main competitors?
Kony (now part of Temenos Quantum) is listed as an others. Broad incumbents are NCR Voyix (Digital Banking), Oracle Financial Services, Finastra and FIS (Fidelity National Information Services). Direct peers are Temenos, Backbase, Q2 Holdings, Mambu and Technisys.
Does Infocorp have an API?
Yes. Infocorp exposes its banking functionality through IC Digital Toolkit and Digital Bank Engine, providing SDKs for developer teams to consume banking capabilities. The platform architecture supports Open Banking with APIs built on completely open standards. The Developer Experience layer provides tools for developers to create their own experiences within the IC Banking Suite. Capabilities are available through channel technology and via SDKs.
What industry is Infocorp in?
Infocorp's product category is Digital Banking Software. Its primary akta.pro industry code is HDAEAHAG, iBPMS (Intelligent BPM Suites) & Process Automation Suites, with a secondary code of HDAEANAJ, AI Application Enablement Platforms (Copilot/Agent Frameworks, SDKs). Its NAICS code is 513210 and its SIC code is 7373.