IndusInd Bank transformed its Core Banking system by replacing its existing core banking system with state-of-the-art Finacle 10.2 in all 461 branches and 852 ATMs with zero post go-live performance and scalability issues.
The biggest challenge was to ‘go live’ on a single day across the country without any business disruption. Avekshaa Technologies which specializes in de-risking complex IT projects, had played an important role in ensuring that the issues across the technology stack were identified and mitigated well in advance.
Paul Abraham, Chief Operating Officer, IndusInd Bank said, “Finacle core banking implementation was one of the most significant steps in the Bank’s transformation journey. With able support from Avekshaa, the transformation journey was seamless. Further, the Bank’s ambition for significant growth, in terms of client base, physical branch network, distribution channels as also the range and sophistication of its product suite, is seen to widen further.”
Rajinder Gandotra, MD and CEO, Avekshaa said, “We are extremely delighted that we have successfully partnered with the bank in their transformation journey. This program was very special given its complexity and big bang migration (single day cut-over) for such a mission critical application. There are very few examples of such magnitude across the Industry. This will serve as a great reference for similar transformation projects across the globe.”