UBI goes for core banking solution

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