The Bank reports no significant delays or catastrophic problems during these 17 months.
The Bank deployed several solutions in conjunction with Finacle core banking, Finacle e-Banking, Finacle Treasury, Finacle Alert Server, ATM switch, integration with Automated Clearing House (NACH/ECS) and Real Time Gross Settlement (RTGS) system, National Electronic Fund Transfer (NEFT), Mobile Banking, among many others. Over the next couple of months, the Bank’s focus was on stabilizing the new system, and this objective has been met. After several rounds of user acceptance testing, roll out simulations, and training, Finacle was rolled out to each of the Bank’s 105 branches at one go on 16th January 2017.
FINACLE CORE FULL
Fifteen employees from the Bank ’s IT organization were deployed full time.īanking Data migration and standardization, as would be expected of a project of this nature, was particularly challenging and went through over multiple runs.Ī train-the-trainers approach was adopted for training branch employees. Roles, the Bank deployed excess business employees, with each executive managing a On site and at its peak the team strength attained around 80. Throughout these 17 months a team of 40-60 IT and business personnel, involving employeesįrom Modus Information Systems and the Bank (and another IT services organization for channels services), were This project ran for approximately 17 months, ending in a high-profile roll out in January 2017. NKGSB Bank’s remarkable because the project was completed in 17 months and was largely The digital banking transformation took place on 16th January 2017. Started a core banking transformation project, migrating from legacy banking technology toįinacle, and changing much of the banking application portfolio and infrastructure with it,
FINACLE CORE DRIVERS
Advances of Rs 5,128īusiness Drivers - The Bank has taken a major technological transformation. and the totalīusiness mix at Rs 12,223 Cr.
March, 2017, Bank share capital stood at Rs 94 Cr. Operation in the states of Maharashtra, Karnataka, Goa, Gujarat and Madhya Pradesh, operatesġ07 branches, a large network of ATMs across these states, the financials at the end of 31st Leading co-operative sector bank, is now a Multi-state co-operative Bank having its area of NKGSB: Core Banking Transformation: Measuring the Value :īank Profile - NKGSB was founded on 26th September 1917.
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