Tata Communications Partners Nainital Bank For Hosted CBS

Tata Communications, a provider of infrastructure solutions for the banking and financial sector, has said its hosted core banking solution (CBS) for Nainital Bank, a private sector bank, is ready to go live in the Delhi NCR region. CBS roll-out for the rest of the branches would be completed shortly.

Tata Communications’ BFSI drive is spearheaded by its wholly-owned subsidiary Tata Communications Banking InfraSolutions Ltd (TCBIL). TCBIL offers packaged banking solutions, referred to as ‘Bank-in-a-Box’, like ATM services, card issuance and management, end-to-end PoS acquiring, hosted core banking etc.

“We are proud to partner Nainital Bank in their automation drive with our hosted CBS solutions, which are specifically tailor-made for smaller banks that have the aspiration of modernising but face challenges associated with high capital cost for captive CBS. Our solution allows banks to opt for pay-per-branch model, thereby removing the need for investing and maintaining captive IT infrastructure,” said Rajiv Singh, president, TCBIL.

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Nainital Bank has a network of 92 branches with a fifth of them in the Delhi NCR Region. The entire implementation is likely to get over in the next few months.