About
DoP and Finacle
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
Introduction
about Finacle
Finacle is a core banking software
package developed by Indian technology corporation Infosys.
It is used by multiple banks across several countries, it
can handle multi-currency transactions. Several major customers of Finacle
include Nadra Bank of Ukraine, ICICI Bank of India and Al Hilal Bank of
the United Arab Emirates
Following Banks are using Finacle
, The list is large but we brought you some of leading Banks using
this Platform.
1. ALEXBANK
2. ANZ BANK,
3. ARAB NATIONAL BANK,
4. BANK DHOFAR,
5. CO-OPERATIVE FINANCIAL SERVICES,
6. CREDIT SUISSE,
7. DBS BANK,
8. EMIRATES BANK,
9. FIRST BANK OF NIGERIA,
10.HATTON
NATIONAL BANK,
11. ICICI BANK,
12. NATIONAL AUSTRALIA GROUP EUROPE,
13. NYKREDIT,
14. POSTBANK UGANDA LTD,
15. RAIFFEISSENBANK,
16. SOCIÉTÉ GÉNÉRALE
17. ZURICH FINANCIAL SERVICES.
18.ABN
AMRO
19. NATIONAL COMMERCIAL BANK OF SAUDI ARABIA
20.
MIZUHO CORPORATE BANK
21. FEDERAL BANK
22.
BANK OF INDIA
23.
BANK OF BARODA
24.
ANDHRA BANK
25.
PUNJAB NATIONAL BANK
26.
UNION BANK OF INDIA
27.IDBI
BANK
28.
INDUSIND BANK
29.
SBI INTERNATIONAL OPERATION
30.
VIJAYA BANK
31. UCO BANK
32.
ING Vysya Bank Ltd
33.
Oriental Bank
of Commerce
Department of
Posts also added in this List. Now we are Using Finacle Banking
software in our CBS Offices
