UBI, HP, Infosys tie up to manage Finacle CBS for over 5 yrs

New Delhi, Jun 30 (UNI) United Bank of India (UBI), Hewlett-Packard (HP) and Infosys today announced their partnership to deploy information technology infrastructure and applications in the Finacle Core Banking Solution (CBS) for over five years.

Under the terms of the contract, HP will implement and manage Infosys' Finacle CBS across 600 branches of UBI in the country, particularly in Eastern and North-eastern India.

''Through this initiative, we will be able to provide our customers with new options and choices in all segments of the economy -- agriculture, industry, trade&commerce, service sector and the infrastructure sector,'' UBI CMD P K Gupta said.

The Finacle core banking implementation, using HP OpenBank Reference Architecture on HP's computing technology, will help UBI customers in India access its products&services on a 24x7 basis.

As part of the Next Generation Banking implementation, in various phases, HP will also implement CRM, HRMS and Credit Appraisal solutions.

UBI will not only be able to achieve cost advantages but also derive significant business benefits in the competitive banking environment in India.

HP will provide Adaptive IT infrastructure and Data Center Services, that will help reduce risk; improve security; and lower management&operational costs for the Bank. HP Services will implement the entire application stack and deliver SLA based Managed Services for the contract period.

As the systems integrator, HP will draw on its extensive network of alliances with industry leaders for the integrated deployment of requisite applications.

UBI serves its customers through a network of 28 regional offices, 1318 branches, 65 extension counters and 125 ATMs all over the country.

HP, a technology solutions provider to consumers, businesses and institutions globally, offers IT infrastructure, global services, business and home computing, and imaging and printing.

Finacle, the universal banking solution from Infosys, addresses the core banking, e-banking, treasury, wealth management, CRM, and cash management requirements of retail, corporate and universal banks worldwide.

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