banking solution

WIPRO computerises five cooperative banks


July 31st, 2012 - 7:55 pm ICT by IANS
Bangalore, July 31 (IANS) IT bellwether Wipro Ltd Tuesday said it has deployed its core banking solution in five state-run cooperative banks across five country under the National Bank for ... Read more...

Posted in Sci-Tech |

IOB mulls new core banking solution on Oracle platform


May 5th, 2012 - 8:58 pm ICT by IANS
Chennai, May 5 (IANS) Government-owned Indian Overseas Bank (IOB) will soon migrate to a new core banking solution (CBS) built on Oracle platform from its own CBS, a senior bank ... Read more...

Posted in Uncategorized |

Nigerian bank deploys Infosys’ Finacle software


April 16th, 2012 - 7:16 pm ICT by IANS
Bangalore, April 16 (IANS) Nigeria's oldest bank Wema Bank plc has deployed Indian IT bellwether Infosys Ltd's software product Finacle to offer core banking, retail e-banking and treasury services to ... Read more...

Posted in Sci-Tech |

Federal Bank to open 100 branches in a single day


March 6th, 2012 - 8:32 pm ICT by IANS
Mumbai, March 6 (IANS) Kerala-based Federal Bank would expand its footprint opening 100 more branches on a single day, March 10, across India, taking the total branch network to 938, ... Read more...

Posted in Business |

Standard Chartered’s BPO to prune vendors, save $7 mn


January 19th, 2012 - 7:13 pm ICT by IANS
Chennai, Jan 19 (IANS) Standard Chartered Bank's wholly-owned subsidiary Scope International Pvt Ltd hopes to save $7 million per year by pruning its IT vendor base to three or four ... Read more...

Posted in Business |

India mulls bank account number portability


January 3rd, 2012 - 8:50 pm ICT by IANS
New Delhi, Jan 3 (IANS) After allowing portability of mobile numbers and health insurance policies, the Indian government plans to give customers the flexibility to change his/her bank without changing ... Read more...

Posted in Business |

Thinksoft bags Rs.5-crore RBI order for testing solution


December 23rd, 2011 - 8:12 pm ICT by IANS
Bangalore, Dec 23 (IANS) Financial software testing firm Thinksoft Global Services Friday said it has bagged a Rs.50-million (Rs.5 crore) order from the Reserve Bank of India (RBI) to ... Read more...

Posted in Business |

Nepal’s Social Development Bank goes live with core banking software


December 9th, 2011 - 1:06 am ICT by IANS
Chennai, Dec 8 (IANS) Nepal based Social Development Bank, a national level development bank, Thursday went live with the core banking solution Intellect vended by city based Polaris Financial Technology ... Read more...

Posted in Business |

Polaris Software eyes $100 mn revenue by 2016


August 2nd, 2011 - 7:12 pm ICT by IANS
Chennai, Aug 2 (IANS) Financial technology company Polaris Software Lab Ltd. hopes to earn $100 million in five years by offering its core banking solution (CBS) and other software on ... Read more...

Posted in Business |

Corporation Bank now battles software violation charge


July 15th, 2011 - 11:50 am ICT by IANS
Chennai, July 15 (IANS) Even though it seems to be on a strong wicket against a sudden charge of software licence violation, the Mangalore-based Corporation Bank, now under the Central ... Read more...

Posted in Sci-Tech |

Indian Overseas Bank picks consultant for software arm


May 25th, 2011 - 7:23 pm ICT by IANS
Chennai, May 25 (IANS) Moving ahead with its plans to float a banking software subsidiary, the city-based Indian Overseas Bank (IOB) has short-listed consultancy firm Ernst and Young to assist ... Read more...

Posted in Business |

Shanghai Bank selects TCS core banking solution


March 24th, 2011 - 11:09 pm ICT by IANS
Bangalore, March 24 (IANS) Shanghai Rural Commercial Bank in China selected Tata Consulting Services' (TCS) core banking solution Bancs to achieve competitive advantage by introducing new products and manage transformation, ... Read more...

Posted in Business |

Wipro-Canara Bank ink rural banking deal


March 10th, 2011 - 10:43 pm ICT by IANS
Bangalore, March 10 (IANS) Global software major Wipro Infotech Thursday signed a five-year deal with state-run Canara Bank to implement its regional rural bank initiative.To begin with, the IT bellwether ... Read more...

Posted in Business |

Indian Overseas Bank to float software subsidiary


November 11th, 2010 - 4:35 pm ICT by IANS
Chennai, Nov 11 (IANS) City-based Indian Overseas Bank (IOB) plans to float a banking software subsidiary to tap the Asian and African markets, the bank's top official said Thursday."Our core banking ... Read more...

Posted in Business |

United Bank of India expects better credit demand from Q3


September 30th, 2010 - 6:12 pm ICT by IANS
Kolkata, Sep 30 (IANS) City-based public sector United Bank of India (UBI) expects credit disbursals to grow from the third quarter (October-March) of the current fiscal (2010-11) on better demands from infrastructure ... Read more...

Posted in Business |

Andhra cooperative banks join together to save on automation


July 6th, 2010 - 9:32 pm ICT by IANS
Chennai, July 6 (IANS) Twenty three cooperative banks in Andhra Pradesh have hit upon a novel idea of using single core banking solution (CBS) and save on hardware and software costs. "Individually they ... Read more...

Posted in Business |

Allahabad Bank does business of Rs.179,000 crore


April 12th, 2010 - 9:56 pm ICT by IANS
Kolkata, April 12 (IANS) Public sector Allahabad Bank did a business of Rs.179,000 crore in fiscal 2009-10, exceeding the target of Rs.175,000 crore, a bank statement said here Monday. The business included deposits ... Read more...

Posted in Business |

Laser Soft to expand international presence


March 3rd, 2010 - 5:11 pm ICT by IANS
Chennai, March 3 (IANS) Banking software company Laser Soft Infosystems plans to increase its headcount and expand its international presence next fiscal. "The business is good. We will be adding around 100 ... Read more...

Posted in Business |

Indian Bank’s rural banks brought under core banking


January 30th, 2010 - 10:58 pm ICT by IANS
Chennai, Jan 30 (IANS) Complying with the central government's stipulation of bringing all the regional rural banks (RRBs) under the core banking solution net (CBS), city based Indian Bank announced Saturday that ... Read more...

Posted in Business |

Punjab National Bank’s services now ‘anywhere, anytime’


February 5th, 2009 - 5:59 pm ICT by IANS
New Delhi, Feb 5 (IANS) State-run Punjab National Bank Thursday said it has implemented its core banking delivery solution across all its 4,604 branches in the country to offer round-the-clock services to ... Read more...

Posted in Uncategorized |

Infosys targeting rural banks for higher growth


November 19th, 2008 - 8:27 pm ICT by IANS
Chennai, Nov 19 (IANS) Software major Infosys Technologies Ltd, which offers its core banking solution under the brand 'Finacle', is targeting regional rural banks to achieve higher growth, a top company official ... Read more...

Posted in Uncategorized |

BBVA and Finacle from Infosys sign a strategic global partnership


May 28th, 2008 - 10:39 pm ICT by admin
Madrid/Bangalore/London, May 28 (ANI/Business Wire India): Francisco Gonzalez, BBVA Chairman and CEO, and Nandan Nilekani, Infosys Technologies Co-Chairman, emphasize the importance of this agreement for the development of the transformation and ... Read more...

Posted in National |

Infosys unveils Islamic banking solution


March 7th, 2008 - 3:38 pm ICT by admin
Mumbai, March 7 (IANS) Software solutions major Infosys Technologies Ltd Friday unveiled of its Islamic Banking Solution (IBS) for European, West Asian and Far Eastern markets. The company informed the Bombay Stock ... Read more...

Posted in Business |

i-flex installs banking software in Japan and Vietnam


February 22nd, 2008 - 3:05 pm ICT by admin
Mumbai, Feb 22 (IANS) Software solutions provider i-flex Solutions Ltd has said that Japan-based Rakuten Inc and Tokyo Tomin Bank have successfully launched an online banking branch based on its Flexcube solution ... Read more...

Posted in Business |

Advanced Bank of Asia to implement Flexcube


February 20th, 2008 - 7:13 pm ICT by admin
Mumbai, Feb 20 (IANS) IT major i-flex Solutions Ltd announced Wednesday that Cambodia-based Advanced Bank of Asia (ABA) would implement Flexcube, the company's core banking solution. In a filing with the Bombay ... Read more...

Posted in Sci-Tech |

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