IBS to offer IT solutions to Zoroastrian Bank

Mumbai, Mar 12: Intelligent Business Systems (IBS), the artificial intelligence (AI) based business competitiveness solutions firm, today announced that it has been chosen by the Zoroastrian Co-operative Bank as it's preferred vendors for their IT infrastructure needs.

As part of the deal, IBS Bespoke Solutions will offer Zoroastrian Co-operative Bank consultancy services, complete hardware infrastructure and annual maintenance services for their head office and all branches of the bank. They are also slated to set up a firm IT backbone, which includes complete networking infrastructure, data centres and branch communications with the Core Banking Software (CBS) solution being provided by Infrasoft.

Managing Director of the Zoroastrian Co-operative Bank F K Banatwalla said,''IBS Bespoke Solutions helped Zoroastrian Co-operative Bank to design the infrastructure in such a manner that without loss of performance, the bank could save considerable money on the deployment of the Core Banking Solution.'' IBS CEO Dr Kaustubh Chokshi said,''After the implementation of the project, Zoroastrian Co-operative Bank will be one of the most technologically advanced banks within the Co-operative banking sector.'' The Zoroastrian Co-operative Bank has 10 branches in Mumbai and Pune. The Bank is slated for the A-Star category which is the highest category accorded by the Commissioner of Co-operation and Registrar of Co-operative Societies and is also ranked as Grade I Bank by the Reserve Bank of India, an official statement said.

IBS Bespoke Solutions' parent company Intelligent Business Systems has implemented its cutting-edge Artificial Intelligence Enterprise Solutions and proprietary ICPA Engine within Europe in sectors spanning travel, tourism, pharma, government, etc. The same superior functionality in end-to-end enterprise management systems and AI-based customer profiling and relationship management is now being made available by IBS to clients in India, the statement added.

UNI