Advertisment

Central Bank, Wipro sign 5 year deal

author-image
CIOL Bureau
Updated On
New Update

BANGALORE, INDIA: Central Bank of India, one of the largest public sector banks in India and IT major, Wipro, today announced a 5 year total outsourcing agreement to provide technology-driven, core banking solution for seven sponsored Regional Rural banks. One of them Uttar Bihar Gramin Bank is the biggest RRB in India and has a large presence in Bihar, said a press release.

Advertisment

The centralized core-banking project is expected to facilitate efficient internal operations for the seven Regional Rural Banks. It is also expected to provide the competitive edge by enabling regional rural banks offer innovative products and services at optimum costs.

The project would integrate 2000 sites, which include branches, extension counters, satellite offices, regional Offices, head offices and back offices in a phased manner. The solution would also offer alternate delivery channels like Internet banking and mobile (including SMS Alerts) banking.

Wipro, with its strong practices in governance, process excellence and integrated service delivery, will deliver business-IT alignment by deploying and implementing the critical core banking solution and the identified delivery channels seamlessly. Wipro will also setup a 24-hour centralized helpdesk facility for the project covering applications, data center, networks, security and end user systems.

tech-news