Sajit Vijayakumar, Chief Operating Officer, Infosys Finacle, said, РІР‚СљThanks to Jan Dhan-Aadhaar-Mobile led digitization and open banking initiatives such as Unified Payments Interface (UPI), transaction volumes in the Indian banking industry are set to multiply.

РІР‚СљThe remarkable benchmarking results of Finacle on HPE systems demonstrates our continued investment in innovative high performance and mission critical systems that enable financial institutions to offer a seamless and secure experience to their growing customer base.РІР‚Сњ РІР‚СљAs India gradually transforms itself into a modern cashless economy, the banking industry is witnessing unprecedented growth in transactions led by the growth of new digital channels,РІР‚Сњ saidР’В Vikram K, Senior Director, Hybrid IT, HPE India. Saudi Aramco sees third-quarter income spike to $30.4 billion on surge in oil prices, recovery in demandР”Р„ramco declared a dividend of $18.With close to 70% of the top banks in India leveraging Finacle for their technology transformation, the solution is well proven to meet the ever-evolving demands of IndiaРІР‚в„ўs financial sector.Р’В The benchmark validates that Finacle, using HPE infrastructure and IntelР’В XeonР’В Platform, enables banks to securely achieve multifold scalabilityР’В and significantly lower Total Cost of Ownership.Р’В The KPMG benchmarking process was conducted using Finacle 10.2.18, where the web, application, Java and database layers were hosted on HPE ProLiant DРµвЂ¦С“80 Gen9, HPE ProLiant DL560, HPE ProLiant DРµвЂ¦С“80 and HPE Integrity Superdome X with HPE 3PAR all-flash storage respectively. In Mumbai, petrol is retailing at Rs 115.50 while diesel costs Rs 106.62 Petrol and diesel prices on 01 November 2021: Petrol price in Delhi stands at Rs 109.69 per litre while diesel is available for Rs 98.42. Petrol, diesel prices today: Rates hiked again on 01 November, at fresh all-time highs check rates here 015 percent to Rs 47,705.00 while silver futures fell to Rs 64,431.00, falling by 0.16 percent, according to Multi Commodity Exchange Gold price today: 10 grams of 24-carat sold at Rs 47,740 Р’В silver at Rs 64,600 per kg check rates in your city Technology is playing an important role in building tomorrowРІР‚в„ўs banks and we are committed to collaborate with progressive banks, like Kotak Mahindra Bank, to set new benchmarks for excellence in the banking industry,РІР‚Сњ said Haragopal M, Global Head, Finacle. With this technology transformation program, weРІР‚в„ўre happy that the bank has been able to derive significant benefits in terms of both growth and operational efficiencies. РІР‚СљAt Finacle, we believe in accelerating innovation for our clients. Finacle, with its leadership in banking innovation, provides superior functionality and ease of integration with multiple other systems- both key differentiators of a technology engine that will power our customer service and business growth objectives,РІР‚Сњ said KVS Manian, President РІР‚вЂњ Consumer Banking, Kotak Mahindra Bank. To enhance our customer experience, we needed an advanced core banking platform like Finacle, to help us meet the dynamic needs of our customers.

РІР‚СљBanking in this era is technology driven.

Leveraging Finacle, the Bank is aiming to drive a unified customer view, enabled by the centralised platform, resulting in significant improvement in service levels and customer experience streamlined business processes for higher branch productivity and enhanced capability to deliver offerings such as RTGS payments, Sweeps and different options for Standing Instructions. The Bank has already seen a 44 percent increase in the number of accounts added post implementation. Finacle 10 was found to be the best fit, both functionally and technologically. Some of the key requirements the Bank was looking to support included РІР‚вЂњ building a functionally rich yet scalable technology backbone, enabling organisational flexibility and ensuring that the new solution integrates seamlessly with multiple other systems within the bank. With the objective of becoming future-ready and driving its ambitious growth plans, Kotak Mahindra Bank decided to replace its existing core banking system. The entire implementation, which replaced the BankРІР‚в„ўs legacy core banking system with no disruption to business, was completed in 18 months. This big bang implementation saw Finacle core banking and e-banking solutions roll out simultaneously across all the branches of Kotak Mahindra Bank in India. Kotak Mahindra Bank and Infosys, the consulting & technology company, have announced the successful implementation of Finacle 10 universal banking solution across 335 bank branches.

Indian banks using finacle