UBI partners HP to deploy Finacle

By : |June 30, 2006 0

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

This initiative will enable UBI not only to achieve cost advantages but also
derive significant business benefits in the competitive banking environment in

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 24×7 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

© CyberMedia News

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