News

Tamil Nadu Bank Awards Core Banking Contract to InfrasoftTech

The OMNIEnterprise Core Banking Solution effectively supports the entire business operations of a bank – from the front office through operational workflow

InfrasoftTech has been recently awarded a contract by Tamil Nadu State Federation of Urban Cooperative Banks (TANCUBFED) for implementing Core Banking Solution and other e-banking services in 128 Urban Co-operative Banks in Tamil Nadu.

Rajesh Mirjankar, CEO & Managing Director, InfrasoftTech, said “We are proud to be associated with TANCUBFED. This is a first of its kind project in India for Urban Co-operative Banks wherein banks across the entire state of Tamil Nadu will be operating on a single core hosted platform. This automation project will enable the banks to leverage the power of Private Cloud infrastructure to provide seamless digital transformation of operations, transaction management, improvement in customer service and efficient reporting to internal and regulatory authorities. This provides the banks a competitive edge over offerings and capabilities of commercial banks. ”

The automation process will be executed by implementing InfrasoftTech’s OMNIEnterprise Core Banking Solution. The OMNIEnterprise Core Banking Solution effectively supports the entire business operations of a bank – from the front office through operational workflow, the back-office and accounting. OMNIEnterprise Core Banking Solution is an enterprise solution that enables a bank to have a single view of its customer, offer service delivery through digital banking channels and quickly respond to customer and market demand while managing risks and regulatory compliance.

Yogesh Paralkar, Head of Sales for India, stated “This is a historic moment for InfrasoftTech which re-emphasizes our market leadership position in Core Banking in the co-operative banking segment. We would like to thank TANCUBFED and the Banks for this opportunity. We appreciate their vision to choose ‘Application Service Provider’ model for this project. As their technology partner we will ensure that the project meets all success parameters for application, infrastructure, capacity building and networking.

Related posts

Kissflow’s BMW Bike Campaign Shifts Gears in Retail Innovation

enterpriseitworld

HPE Unveils New Guarantees for Alletra Storage MP and StoreOnce to Boost Cyber Resilience and Efficiency

enterpriseitworld

FSS Appoints Rishi Verma to Lead India’s First AI Centre of Excellence in Payments Tech

enterpriseitworld