Tamil Nadu State Federation of Urban Cooperative Banks awards Core Banking contract to InfrasoftTech

InfrasoftTech has been recently awarded a contract by Tamil Nadu State Federation of Urban Cooperative Banks (TANCUBFED) for implementing Core Banking Solution and other e-banking services in 128 Urban Co-operative Banks in Tamil Nadu.

This is a first of its kind project in India for Urban Co-operative Banks wherein banks across the entire state of Tamil Nadu will be operating on a single core hosted platform. Rajesh Mirjankar, CEO & Managing Director, InfrasoftTech, said “We are proud to be associated with TANCUBFED. 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. ”

The automation process will be executed by implementing InfrasoftTech’s OMNIEnterpriseTM Core Banking Solution. The OMNIEnterpriseTM Core Banking Solution effectively supports the entire business operations of a bank – from the front office through operational workflow, the back-office and accounting. OMNIEnterpriseTM Core Banking Solution 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.