For more than 150 years, the
Department of Posts (DoP) has been the backbone of the country’s communication
and has played a crucial role in the country's socio-economic development. It
touches the lives of Indian citizens in many ways: delivering mails, accepting
deposits under Small Savings Schemes, providing life insurance cover under Postal
Life Insurance (PLI) and Rural Postal Life Insurance (RPLI) and providing
retail services like bill collection, sale of forms, etc. The DoP also acts as
an agent for Government of India in discharging other services for citizens
such as Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS)
wage disbursement and old age pension payments. With 1, 55,015 Post Offices,
the DoP has the most widely distributed postal network in the world.
New Delhi, India - August 9, 2012:
Infosys, a global leader in consulting and technology, today announced that it
has been selected by the Department of Post, Ministry of Communications and
Information Technology, Government of India for a mission-critical program that
will enhance India Post's financial services across 150,000 post offices in the
country. This is part of the 'India Post 2012' modernization program that aims
at bringing transparency, agility, flexibility and scalability to India Post's
operations.
Under the agreement, Infosys and
India Post will embark on a transformational initiative, which encompasses
Financial Services System Integration. This project, estimated at INR 700
crores, aims to transform India Post into a technology-enabled and autonomous
market leader, by revolutionizing its financial operations and end-user
services.
As Financial Services System
Integrator, Infosys will implement and manage its flagship Finacle™ Core
Banking and McCamish™ Insurance products to help India Post transform its
banking and insurance operations - covering more than 200 million banking
customers across urban and rural India; including a large base of insurance
customers. Infosys will be installing 1,000 ATMs for India Post as part of this
program to increase the effectiveness of its delivery channel and will also
implement an electronic Content Management system to manage millions of
documents generated as part of India Post's financial operations.
For the project, Infosys will
support India Post in the following areas:
Complete System Integration
including designing, building, supplying, installing and commissioning hardware
and software
Data migration and deployment of the
platforms and solutions across all identified post offices
Supporting multi-year managed
services, application support and infrastructure operations
Training more than 35,000 India Post
employees across the country on the usage and deployment of the new platform
and solutions
http://dopfinacle.blogspot.in/
