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BusinessLogr > Finance > Ujjivan to spend Rs300 crore on technology upgradation
Finance

Ujjivan to spend Rs300 crore on technology upgradation

sristy
Last updated: 2016/05/19 at 1:42 PM
sristy Published May 19, 2016
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Ujjivan Financial Services Ltd will work with a host of solutions by tech companies including Finacle Core Banking from Infosys, CRM Solution from CRM Next and five others for core bank IT infrastructure and others for risk and governance, document management and workflow systems.

Ujjivan financial services Ltd will work with a bunch of solutions through tech organizations which include Finacle core Banking from Infosys, CRM answer from CRM subsequent and 5 others for centerbank IT infrastructure and others for hazard and governance, document control and workflow systems.
Hyderabad: Ujjivan financial services Ltd, the microfinance agency this is set to turn into a small financebank, has decided to make investments Rs.three hundred crore to improve its era, in order to be spent over the subsequent five years, it said on Wednesday.

uUjjivan has employed Wipro Ltd to enforce unique banking generation systems for its small finance banking operations. Wipro will set up a network operation centre and a protection operation centre for Ujjivan and control this era for the following five years.

“To help the excessive extent enterprise and to meet security and compliance necessities of variousregulatory authorities, strong and relaxed structures are required at the middle. we’ve got selected allvalidated software in banking generation after carefully comparing each system for the precisenecessities,” said Deepak Ayare, chief era officer at Ujjivan.

The employer will work with a bunch of answers by means of tech agencies such as Finacle centerBanking from Infosys, CRM answer from CRM subsequent and 5 others for core financial institution IT infrastructure and others for risk and governance, file management and workflow structures. it would use IBM Middleware and IBM agency provider Bus to combine all systems.

Ujjivan’s attention might be on mobility answers and use of cell technology through mobiles and d1e51e9fa45a0b179488752ec4930123 gadgets.

companies which have were given small finance bank licences should be prepared for launch earlier than September this year. generation upgradation will become necessary for companies as this canallow them to reduce cost of operations.

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sristy May 19, 2016
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