Admitting that failure of linkage of SWIFT to core banking system (CBS) could have led to Rs 11,400 crore fraud at Punjab National Bank, the former head of the scam-hit lender on Friday said there was an urgent need for banks to revisit their surveillance system and plug the loopholes
Govt tightens rules for NGOs: Home ministry asks non-profits to open bank accounts in core banking format
Tightening the rules for NGOs, the Ministry of Home has asked as many as 5,845 organisations to open their accounts in banks having core banking facilities and furnish details for real-time access to security agencies in the case of any discrepancy.
India Post Payments Bank will start operations in March 2017 in about 50 districts and cover the entire country by the end of financial year 2018-19
As part of the partnership, Netmagic will host and support infrastructure for applications such as Finacle Core Banking System, Exchange 2010 Email, File Servers and more.
The Bank will leverage Finacle version 10 to scale its branches and customer base.
Shanghai Rural Commercial Bank selects TCS to manage transformation across its business lines.
InfrasoftTech enables its Core Banking customers to now access over 67,000 ATMs available on the NPCI network
Anand Sankaran, SVP & Head, India & Middle East Business of Wipro, talks about the various facets that the PSB deal encompasses.
The IBM solution helps simplify the client's environment without sacrificing performance or availability and improves service time to Equitas customers.
The IBM solution helps simplify the client's environment and improves service time to APGVB customers.
Datavision will migrate the product to an IBM platform comprising IBM WebSphere application server and IBM DB2 database.
By deploying TCS BaNCS across 1,647 branches, Indian Bank has re-engineered its IT infrastructure to offer finely-tailored products to its corporate and retail customers.
Finacle will enable RRBs to better manage audit processes, adhere to statutory compliance, enhance internal MIS requirements and offer customers competitive services on par with commercial banks.
P R Varatharajan, GM - IT, Tamilnad Mercantile Bank, talks about how competition led the bank to adopt IT to the core.
Financial Institutions in APEJ are now looking to augment core solutions with front office-based modules and solutions.