The Tamilnadu State Federation of Urban Cooperative Banks (TANCUBFED) has selected InfrasoftTech for implementing core banking solution and other e-banking services in 128 urban cooperative banks in Tamil Nadu. The automation process will be executed by implementing InfrasoftTech’s OMNIEnterprise Core Banking Solution. The solution effectively supports the entire business operations of a bank – from the front office through operational workflow, the back-office and accounting. It is an enterprise solution that enables a bank to have a single view of its customer, offer service delivery through digital banking channels and quickly respond to customer and market demand while managing risks and regulatory compliance. Rajesh Mirjankar, CEO & MD of InfrasoftTech, said this is a first of its kind project in India for urban cooperative banks wherein banks across the entire state will be operating on a single core hosted platform. This automation project will enable the banks to leverage the power of private cloud infrastructure to provide seamless digital transformation of operations, transaction management, improvement in customer service and efficient reporting to internal and regulatory authorities. This provides the banks a competitive edge over offerings and capabilities of commercial banks.
