NIIT Technologies and Microsoft collaborate to empower Small and Medium Banks
NOIDA, January 09, 2017: NIIT Technologies Limited, a leading global IT solutions provider, today announced the deployment of BankingEasy its Core Banking Solution on Microsoft’s Azure platform. The collaboration will empower small and medium banks across India to operate with more flexibility and become RBI compliant.
With the availability of cloud services through datacentres locally in India, banks will be able to leverage Microsoft’s Azure, Office 365, CRM Online and Disaster Recovery Services based on their needs. Additionally, the solution will substantially improve service experience with any branch banking, with more computing power and secured value added services. 16 banks across Delhi, UP, Rajasthan, MP, Uttarakhand, Chhattisgarh, West Bengal and Maharashtra in India are already using BankingEasy solution deployed on Microsoft Azure.
Arvind Mehrotra, President and global head, Infrastructure Management services NIIT Technologies stated, “BankingEasy on Azure has enabled these banks to adapt with the changing market dynamics. Despite of the surge in transactions and data during the current demonetization phase, BankingEasy on Azure has enabled the banks to deliver consistent customer experience.”
"Microsoft is the first hyper-scale and only global cloud provider to offer a complete portfolio of cloud services from local datacenters in India. Our Trusted cloud principles address customers concerns of security, privacy & control, transparency, and compliance. Mid and Small banks are playing a crucial role in getting the unbanked population come under the Indian Banking ecosystem. We are committed to empower them with modern tools and solutions that offer mobility while ensuring security”, said Harish Vaidyanathan, Director – ISV Business, Microsoft India.
Today, there are many challenges plaguing the cooperative banks including lack of standardized business model and risk management systems among others. With BankingEasy on Azure small and medium banks will be able address these issues and perform much better than earlier.
About NIIT Technologies
NIIT Technologies is a leading global IT solutions organization servicing customers across the Americas, Europe, Asia and Australia. Differentiated on the strength of its industry expertise, NIIT Technologies services clients in travel and transportation, banking and financial services, insurance, manufacturing and media verticals, offering a range of services including Application Development and Maintenance, Infrastructure Management, and Business Process Management. Focused on Digital Services, the Company is helping businesses design agile, scalable and digital operating models. NIIT Technologies adheres to major global benchmarks and standards of quality and Information Security.
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About Microsoft India
Founded in 1975, Microsoft (Nasdaq “MSFT”) Microsoft is the leading platform and productivity company for the mobile-first, cloud-first world, and its mission is to empower every person and every organization on the planet to achieve more. Microsoft set up its India operations in 1990. Today, Microsoft entities in India have over 7,000 employees engaged in sales and marketing, research and development, and customer services and support across ten cities – Ahmedabad, Bangalore, Chennai, Delhi, Gurgaon, Hyderabad, Kochi, Kolkata, Mumbai and Pune.
Certain statements in this release are forward-looking statements. The business involves various risks, and uncertainties that could result in the actual results to differ materially from those indicated here. All forward looking statements made herein are based on information presently available to the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.