helps Bank of India connect all branches in Kerala
19 June 2003
All 26 branches of Bank of India (BoI) in Kerala are in
the process of being interconnected to provide multi-branch
banking (MBB) services through multiple delivery channels.
financial transaction switch of Mumbai-based InfraSoft
Technologies, a leading global banking and financial solutions
company, has been used by BoI for the purpose. BoI has
already interconnected 275 branches nationwide and 450
branches are being included in the BoI MBB network in
the second phase.
BoI will be able to offer customers networked ATM transactions,
Internet banking, phone and fax banking, mobile banking,
funds transfer, clearing and any-branch banking over the
counter, irrespective of the location of the account of
the customers in Kerala and other cities of India.
Technologies managing director Hanuman Tripathi says the
OMNIEnterprise financial transaction switch is a proven
and highly effective alternative to many core banking
solutions in the market that are roughly 10 times more
expensive yet inordinately time-consuming in deployment.
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