Bangalore, Oct 22 (UNI) Andhra Bank has selected Hewlett-Packard (HP) India, as its partner of choice for implementing a comprehensive Core Banking Solution (CBS).
HP in a release here said Infosys' Finacle Core Banking Solution would be deployed over a five year period. This initiative would enable Andhra Bank achieve significant cost advantages and better business outcomes in the dynamic and competitive banking arena in India.
Under the terms of the contract, HP would implement and manage Core Banking Solution (CBS) across Andhra Bank branches in the country. The Core Banking Solution implementation using HP OpenBank Reference Architecture on HP's computing technology would help the Bank's customers in India , access its products and services on a 24 x 7 basis.
As part of the contract, HP would provide Adaptive Infrastructure based on HP Integrity Servers, HP BladeSystems, HP Storage and Software. Also included were Data Centre Services, that would help mitigate risk, improve security, lower management and operational costs for the Bank as well as provide the foundation for a flexible and scaleable IT architecture that can grow seamlessly in pace with growing business need.
In addition, HP would also implement Delivery Channels, Risk Management and Compliance, Asset Liability Management and Credit Appraisal solutions. HP Services would implement the entire application stack and deliver SLA based Managed Services for the contract period.