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Qore has underscored the need to catalyze collaboration and drive innovation in the financial technology space. This subject was among the central topics discussed at the recent regional BankOne conferences, which took place in the Eastern, Western, and Northern regions of Nigeria.
Indian Bank has partnered with IBM to improve its infrastructure and enhance scalability and agility. The bank will consolidate its front branch servers under its 'Project Paradise' initiative, aiming to achieve better manageability and availability. The collaboration with IBM will accelerate the bank's modernization path and provide a flexible and secure infrastructure for deploying new front-end banking applications.
IBM (NYSE: IBM) announced that it has collaborated with Indian Bank, a premier public sector bank, to accelerate...
With this collaboration, Indian Bank is looking to achieve better agility, scalability, and security to meet its growth requirements, , ibm corp, indian bank, banking
The addition of new branches would add to low-cost deposits and help in penetration of loan products, he said. "We are trying to build operational efficiency more so that I can reduce my cost and increase my fee income. We are moving to very granular areas like increasing ATM network, improving digital banking experience," he said. He said ATM network can itself be a profit centre because outside customer pays about Rs 17 per transaction for the use of ATM machine.