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Bangalore: United Bank of India (UBI), Hewlett-Packard (HP) and Infosys today announced their collaboration on one of the most comprehensive banking projects in the country to deploy information technology infrastructure and applications for a period of 69 months. This initiative will enable UBI not only to achieve cost advantages but also derive significant business benefits in the competitive banking environment in India.
Under the terms of the contract, HP will implement and manage Infosys' Finacle core banking solution (CBS) across 600 branches of UBI in the country more particularly in Eastern and North-eastern India. The Finacle core banking implementation using HP OpenBank Reference Architecture on HP's computing technology will help UBI customers in India, access its products & services on a 24x7 basis. The customers will have access to banking and financial services anytime, anywhere through multiple delivery channels. As part of the Next Generation Banking implementation, in various phases, HP will also implement CRM, HRMS and Credit Appraisal solutions.
HP will also provide Adaptive IT infrastructure and Data Center Services, that will help reduce risk; improve security; and lower management & operational costs for the Bank. HP Services will implement the entire application stack and deliver SLA based Managed Services for the contract period.
"Through this initiative, we will be able to provide our customers with new options and choices in all segments of the economy - agriculture, industry, trade & commerce, service sector, infrastructure sector, keeping pace with the changing environment that will make it easier and more convenient for customers to do business with us, anytime, anywhere across the country,” said Mr. P.K. Gupta, Chairman and Managing Director, United Bank of India. “This is a very comprehensive project and we're delighted to be partnering with HP and Infosys - partners that brings a wealth of experience both in terms of domain knowledge and expertise in integrating and managing large projects. HP and Infosys solutions go beyond the core banking solutions offered by any other IT vendor.”
“Hewlett-Packard partners with UBI to help in its endeavor towards comprehensive adoption of IT in business processes to keep pace with the dynamic banking environment.” said Mr. Balu Doraisamy, Managing Director, HP India. “We are pleased to have been selected by UBI, a major financial institution with a nationwide presence and determined foresight to gain a competitive edge in their business. HP technology will help the bank to offer customer-centric, customer-aware infrastructure that would enable the bank to substantially increase existing service levels with increased ability to attract new customers and substantially reduce business risk and increase efficiency”.
Mr. Merwin Fernandes, Vice President & Business Head, Finacle, Infosys Technologies said, "We are delighted to partner with a leading institution like UBI. We are confident that the bank will leverage Finacle's contemporary technology to achieve its objective of faster business growth, profitability and superior customer service."
As the systems integrator, HP will draw on its extensive network of alliances with industry leaders for the integrated deployment of requisite applications.
© CIOL Bureau
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