Ujjivan Financial to invest Rs 300 crore in IT infrastructure

IT infrastructure India
Ujjivan Financial Services has decided to invest Rs 300 crore for implementing and integrating its Core Banking Technology over the next five years.

Partners for its bank IT infrastructure include Finacle Core Banking from Infosys, CRM solution from CRMNext, mobile unified platform from i-Exceed, Sysarc Loan Origination System, ADF from Pragmatics, SAS for AML, Ramco HRMS, Oracle Financials, Oracle Hyperion, IBM Cognos for DW and BI, IBM Filenet for Document Management and Workflow systems, IBM Middleware and IBM Enterprise Service Bus to integrate systems together.

Core Banking and all other systems will run on servers like Oracle Sun Super Cluster, Cisco blade servers and CISCO routers and switches.

Deepak Ayare, chief information officer at Ujjivan Financial Services, said: “We have selected all proven software makers in banking technology after evaluating for the specific requirements. We are creating a strong IT backbone for the upcoming Small finance bank.”

Ujjivan has appointed Wipro as the systems integrators to implement different banking technology systems for its proposed Small Finance Banking operations.

Wipro will setup NOC (Network Operation Centre) and SOC (Security Operation Centre) for Ujjivan and will implement all systems and support to manage this technology with Ujjivan IT Team for next 5 years.

More than 125 IT professionals will be managing the technology department for the upcoming bank. Wipro will implement Finacle core-banking system from Infosys integrated with CRM Solution and Mobility Solutions.

Ujjivan will be focusing on mobility solutions and implement mobile technology using mobiles and handheld devices to reach rural customers.

The finance company will host all IT infrastructure in IBM Data Centre at Mumbai and Disaster Recovery Data Centre in Airtel Data Centre in Bangalore. Ujjivan will also be hosting a 3 way Data Centre DC, DR and NDR (Near Disaster Recovery).

Related News

Latest News

Latest News