Infosys bags Rs 700 crore deal
from India Post for implementing Core Banking
Solutions
Infosys was selected by the India's
Department of Post, for implementing core banking
and insurance solutions in 150,000 post offices across the country, as well as
installing ATMs. This project estimated at Rs 700 crore, aims to
transform India Post into a technology-enabled autonomous
entity.
Under this,
Infosys will implement and manage its Finacle Core Banking and McCamish
Insurance products. It will install around 1,000 ATMs for India Post along with
an electronic content management system to manage millions of documents
generated as part of India Post's financial
operations.
It will also
participate in designing, building, supplying, installing and commissioning
hardware and software, data migration and deployment of the platforms and
solutions across all identified post offices.
Infosys would
also train more than 35,000 India Post employees across the country on the usage
and deployment of the new platform and solutions.
Source : Times of India
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