The roll out at the bank, which was carried out by Mumbai-based Tata Consultancy Services (TCS), follows implementations of the platform at the State Bank of India and Indian Bank over the past year.
TCS hopes to follow up the initial pilot deployment at Central Bank of India (TCS) by converting another 25 branches within the next six months.
The Bancs platform beat rival offerings from IT firms Infosys, Hewlett-Packard, I-flex and IBM.
The goal of the CBI project is to automate 1000 branches and provide delivery channels for internet, telephone and mobile banking services. TCS is also building a new data center and disaster recovery center, and has agreed to provide facilities management services for the bank over the next five years.
The Centralised Bancs Core Banking System will result in efficient and personalized customer service, 24×7 banking through multiple delivery channels, faster time-to-market for new banking products and superior relationship management at the bank, said TCS CEO S. Ramadorai. It will also prepare the banking group to meet the dynamically changing Indian banking environment.
Financial Network Services said the platform also allows fees to be centrally monitored, interest rates to be easily changed and reports to be generated centrally.
