MUMBAI, India, March 4, 2015 /PRNewswire/ — InfrasoftTech today announced that Bank of Maharashtra has gone live on InfrasoftTech’s Mobile Banking Solution, enabling Bank of Maharashtra’s customers to avail banking services on-the-go.
Bank of Maharashtra has a large customer base and wanted to mobile-enable its services in keeping with evolving customer expectations. The solution had to be scalable, both in terms of increase in mobile banking usage as well as expansion in portfolio of services offered.
InfrasoftTech’s Mobile Banking Solution has helped Bank of Maharashtra to provide its clients a highly flexible way of banking. With this solution, Bank of Maharashtra’s customers can view account related information, make secure fund transfers, send funds through NEFT, make merchant and utility payments, raise service requests like debit card request, debit card pin regeneration, credit card request, block debit card and many other such services that a customer needs on day-to-day basis. The 2FA authentication makes the transactions highly secure and safe. The solution also provides value added services like mobile passbook, complain lodgement and change of PIN. It also provides location-aware features such as branch/ATM locator for required set of services.
Bank of Maharashtra was able to meet all its business and technology goals for this automation project, and thus allowing its 20 million+ customers to avail the benefit of banking on-the-go. In 2013-14, InfrasoftTech launched its mobility solution suite on hosted platform, offering it on SaaS model. This has greatly benefited Bank of Maharashtra to quickly launch the mobile-based services without having to worry about initial capex requirements and procurement delays that come with any infrastructure deployment.
Speaking on the occasion, Mr. M.C. Kulkarni – GM-IT, Bank of Maharashtra stated, "We are confident to achieve our objective of delivering highly scalable mobile banking solution on InfrasoftTech’s mobility platform that will enhance our customer reach and allow our customers to avail of many services 24×7. InfrasoftTech has worked round the clock to develop and deliver the mobile banking solution, within strict timelines. I am confident of quick adoption of mobile banking amongst our large customer base since the solution is very user friendly."
On the occasion, Mr. Hanuman Tripathi, Founder & Group Managing Director, InfrasoftTech, said, "We are very glad to see Bank of Maharashtra going live on our mobility platform, since this is the need of the hour for any bank wanting to improve its service capabilities. The bank had set very strict deadlines for itself and I am happy to note that both the teams have made it possible. The project offers one of the best case studies for mobile banking solution on a hosted platform in India."
Mr. Rajesh Mirjankar, CEO, InfrasoftTech, said, "InfrasoftTech has invested in a state-of-the-art solution and infrastructure for a hosted mobility and payments platform and desires to be the market leader in this segment. We will continue to upgrade the features of our mobility solutions in line with the needs of today’s generation of clients."
About Bank of Maharashtra:
It is one of the leading public sector banks in India with 8 decades of operations spanning retail, commercial, MSME, and financial inclusion sectors with over USD 35 bn business mix. It serves over 20 million customers through 1900+ branches.
InfrasoftTech, a CMMi Level 5 v1.3 assessed company, is a specialized IT product solutions and services provider for global financial enterprises. The company enjoys the trust of over 300 banks and financial institutions in 32 countries for its wide ranging offerings in the space of core banking, microfinance, payment solutions, money laundering prevention, commercial banking, wealth management, brokerage and capital markets. Our operations are spread over 3 delivery centers in India in Mumbai, Pune and Chennai and in UK, Canada, USA and UAE and has extensive partner networks over Africa, Middle East and South East Asian countries.
Learn more at http://www.infrasofttech.com/SoftwareServices.aspx
Asst. Manager – Corporate Communications