Infrasoft accelerates next gen core banking solutions

MUMBAI, INDIA: Infrasoft Technologies Ltd, a market leader with more than 130 Core Banking installations across more than 3000 sites accelerates the next generation cloud-based core banking solutions for the smaller financial institutions and co-operative banks.

The solution helps the financial institutions to modernize their operations in a phased manner. Its enterprise-class modules are expected to enhance the overall efficiency of the institution thereby improving customers' experience across all channels.

Infrasoft's unique cloud platform enables processes that can be accessed at a central remote location. It significantly reduces the investment cost of setting up additional branches, helps reduce infrastructure and maintenance costs.

Hanuman Tripathi, Group MD, Infrasoft Technologies, said: "Cloud-based CBS aims to reinvent customer's business and navigate the current challenges in the macroeconomic environment. Our OMNIEnterprise CBS is built on reliable, robust, scalable IT infrastructure making it imperative to be the preferred banking technology partner."

Advent of the next generation Core Banking Solution, is designed to facilitate growth and expansion for the mid-sized and smaller financial institutions of India. By implementing a core banking solution from InfrasoftTech in partnership with IBM, the bank will be able to offer its customers financial solutions such as Internet banking, online money transfer, ATM services and mobile banking on a centralized network.

Such deployments will enable smaller banks and financial institutions to offer banking services across multiple channels twice as fast and at half the cost.