ICICI Bank to deploy transaction mngmt soln

THIRUVANANTHAPURAM: SunTec Business Solutions Pvt Ltd, a software company, has signed a deal with ICICI Bank to deploy Transaction Business Management System-Finance (TBMS-F) software, for the corporate banking division of ICICI Bank.

The TBMS-F solution will enable the Bank to setup highly customizable service structures and generate itemized billing advises to assist its clients in their reconciliation processes.

ICICI Bank senior GM Madhabi Puri Buch said, “SunTec and TBMS-F were selected after going through a global bidding process and evaluating various products available in this space. We believe that the system will help us offer a range of services to our clients in a highly customizable and transparent manner.”

Said president & CEO of SunTec K Nandakumar, “We are happy to associate ourselves with ICICI Bank, which has been one of the trendsetters for the Indian banking industry, whether it is in the wide spread usage of alternate channels or introduction of technology enabled services”.

Emphasizing the uniqueness of TBMS-F, he said, “Granular information is an important requirement for banks today in view of the focus on better customer servicing.”