Indusind Bank goes live on new CBS in a single day cutover
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.
Avekshaa
Technologies closely worked with Indusind Banks’ IT Department and
successfully, replaced the old CBS with the new Finacle 10.2 in all 461 branches and 852 ATMs with zero
post go-live performance and scalability issues.
It may be noted that Indusind Bank has
been live on Finacle’s Consumer e-Banking solution since April 2011. In a way
the switchover to Finacle 10.2, has been done in a very short span of time.
Indusind Bank has taken care to map
its old account nos (13 digits long and a combination of alpha and numbers) with
its new account numbers (12 digits all numbers only). Hence, its customers need
not go through the exercise of replacing their old account numbers with the new
account numbers.
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