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UBI partners HP to deploy Finacle

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CIOL Bureau
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BANGALORE: United Bank of India (UBI), Hewlett-Packard (HP) and Infosys today

announced its collaboration on 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 and 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, which
will help reduce risk; improve security; and lower management and operational

costs for the Bank. HP Services will implement the entire application stack and

deliver SLA based Managed Services for the contract period.






PK Gupta, chairman and managing director, UBI, said, "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.”






“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,” he

added.






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