Wipro Infotech, the India, Middle East and Africa, IT Business of Wipro Ltd has signed a seven year outsourcing contract with five Regional Rural Banks (RRBs) sponsored by UCO Bank, a leading public sector bank. The contract is for implementing a Core Banking Solution (CBS) across 803 branches of RRBs under UCO Bank’s sponsorship.
The RRBs under the sponsorship program are Jaipur Thar Gramin Bank (JTGB), Kalinga Gramya Bank (KGB), Bihar Kshetriya Gramin Bank (BKGB), Paschim Banga Gramin Bank (PBGB) and Mahakausal Kshetriya Gramin Bank (MKGB). These RRBs have operations primarily in the states of Rajasthan, Orissa, Bihar, West Bengal and MP. With this initiative, all five RRBs would come under the ambit of core banking, thereby ensuring uniformity in technology platform and related business processes for improved business efficiency and customer care.
Speaking about the engagement, Ajai Kumar, Executive Director, UCO Bank said: “Today RRBs are being viewed as one of the primary vehicles to drive financial inclusion. This implementation by Wipro would be a big step in technologically enabling our sponsored RRB branches to deliver rural banking services to the masses.”
The scope of services includes building, hosting and managing the underlying infrastructure at the data centres, in addition to implementing the Finacle CBS across the five RRBs. Wipro would also provide network management and user training across all 803 branch locations. The roll out across all branches is expected to be completed by September 2011.
Source:http://www.consultant-news.com/article_display.aspx?p=adp&id=7164
