Indian Bank in search of new BPM and middleware systems
Indian Bank is system selection mode
Chennai-based Indian Bank has issued expressions of interest (EOI) for a new business process management (BPM) system and new middleware.
The EOI for middleware closed on 5th May, whilst the closing date for BPM submissions is 14th May 2016.
The bank will then proceed to the request for proposal (RFP) stages for both solutions.
Indian Bank is among the largest public sector banks in India. It is owned by the country’s government. The bank has 20,400+ employees and 2,500+ domestic branches.
It also has a presence in Sri Lanka and Singapore.
Indian Bank: the IT landscape
Indian bank is a long-standing user of TCS Financial Solutions’ Bancs core banking system.
For its HR management, it uses SAP.
The ATMs are connected to a centralised ATM switch, ACI Worldwide’s Base24. There are also ATM sharing arrangements with other banks. Centralised monitoring of ATMs is done using Prognosis’ software.
There are also various external and in-house developed systems for online retail and corporate banking, Swift, financial risk management, anti-money laundering (AML), e-audit, an intranet portal for information dissemination etc.
