Arihant Co-Operative Bank To Implement SuVikas

Arihant Co­operative Bank Ltd (ACBL), Mumbai, has decided to implement SuVikas, the core banking solution from VSoft Technologies. With the completion of the implementation, VSoft’s Core Banking Solution will replace the existing DOS­based solution that has various limitations in terms of efficiency, usability, and service innovation.

With a Web-­based solution like SuVikas from VSoft, ACBL will not only be able to offer innovative services such as SMS alerts and Internet banking to its customers but it will also be enabled to take better investment and product launch decisions.

Mahendra Khona, chairman, Arihant Co­op Bank, said, “We took the big leap towards technology upgradation in this silver jubilee year for the bank to improve overall efficiency and provide innovative services to our customers. In our search for a core banking vendor, VSoft stood out with its product architecture and service offered for a relatively lower total cost of ownership”.

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George Verghese, vice president-Sales, VSoft Technologies, said, “We are very glad to partner with ACBL in its efforts to improve customer service and achieve enhanced growth. We are confident that our cost­effective solution will meet all their needs and give them the required competitive edge.”