InfraSoft helps Bank of India connect all branches in Kerala
By Thiruvananthapuram: | 19 Jun 2003
Thiruvananthapuram: 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.
OMNIEnterprise 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.
Soon 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.
InfraSoft 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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