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Laser Soft provides CMS facility to UTI Bank

Written by: Staff
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Chennai, Dec 5 (UNI) Laser Soft Infosystems Limited here, a leading banking product development company, has provided a browser-based centralized Cash Management System (CMS) to UTI Bank for the benefit of their corporate clients.

Announcing this, Laser Soft Managing Director B Suresh Kamath said, 'the system has special features like customised report generation, on-line updation of transactions, customer exposure and pooling of credits.' He said the CMS was currently used by ten leading public and private sector banks in the country, including market leaders like UTI Bank, ICICI Bank, Canara Bank and Corporation Bank.

Laser Soft had over 50 per cent market share in this segment.

The CMS was facility offered by the Bank to their corporate clients, wherein funds were collected at various locations on behalf of the client by the CMS and pooled to a centralised account or several accounts as per the client's requirements, he said.

UNI WS AJ 1721

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