innovationinbanking

                ICICI Bank is requesting its bank customers to exclusively use their own Bank ATMs to withdraw cash via emailers.  Every time a bank customer withdraw cash at the banks ATMs in Bengaluru, ICICI Bank, contributes their own funds, towards the education of street children. So, the more you use ICICI Banks ATMs, the sooner can these children go to school. Please spread the message among your family and friends and help make a difference. As the base city of the customer is mentioned in the advertisement, ICICI Bank seems to rely on targeted advertisements, to encourage their bank customers. It is a well known fact, that the servicing cost at ATM is 1/4 th of the branch servicing cost. The only point is whether bank customers would like to withdraw money from an ATM, even if they really do not require at the moment. However, this is good combination of business and CSR by...

Saurashtra Gramin Bank is a Regional Rural Bank, established under RRB Act, 1976. The Bank in its current avatar is  an amalgamation of three banks namely JRGB, JAGB & SBGB, prompted by SBS (now SBI) since 1978. Saurashtra Gramin Bank, this week  has introduced RuPay Debit Cards and RuPay Kisan Cards for its bank customers in collaboration with National Payments Corporation of India (NPCI). It is aimed to facilitate more than 5.5 lakh customers of SGB to gain access to over 1,10,000 ATMs across the country and make financial and non-financial transactions including- cash withdrawal, balance inquiry, mini statements and PIN change facilities.           Once POS Terminals start accepting RuPay cards, the accessibility will still increase. POS Terminals encourage Safe ePayments. With this unique initiative, nearly 1.25 lakh farmers of SGB will attain the facility of payment instrument in the form of RuPay Kisan...

Indusind  Bank goes live on Finacle 10.2 in a single day cutover                         In the last 12 months, Indusind Bank had been attracting a lot of new customers in its fold. One of the main reasons for retail customers to be motivated to open accounts with Indusind Bank is the slew of new banking sub-products launched in the last 15-18 months.             Of all the sub-products, two stand out. One is the ‘ check-on-cheque ’, and the @ ATMs’ cash denomination choice .             To offer the best services to its growing clientele, Indusind Bank took the decision to migrate to Financle 10.2 The challenge was to migrate to the new CBS with minimum business disruption. This is where Avekshaa Technologies played a stellar role. ...

          Corporation Bank in 2003 was one of the first Public Sector Banks to migrate to Core Banking Solution (CBS).  Over the years many new products have been introduced in the banking arena, especially in relation to ePayments.             Corporation Bank to a large extent still relies on a Cobol Based Application.  Corporation  Bank is the only bank which still has a Cobol based Application. Hence, the top management of Corporation Bank decided to migrate to a new CBS. Now, Corporation Bank will be the first public sector bank to switch over to a new CBS.           There were 3 guiding points for choosing the new CBS.   01)      Enhanced analytics for top management. 02)         Minimal TAT to roll out new banking products. 03)  ...