Primarily focused on corporate banking, IndusInd, an Indian bank, has now shifted its focus to the retail sector. Changes in its senior management, addition of staff are some of the other modifications that it made along with the transformation of its technology, people, culture and performance.
The bank was already rebuilding its channels (including implementing Finacle eBanking), middleware, CRM, workflow, business intelligence and imaging. The core banking system was one of the final changes. “There was an initial aim to go live with the core system in August 2012 but this was ambitious,” said Mridul Sharma, SVP and head of solution delivery.
The bank had 6-7000 end-users to be trained on the core banking system and all users first went through remote training. “There were plenty of computer-based training (CBT) tools in the market,” said Sharma. However, these were generic, 'so you would end up doing all the legwork'. Indusind Bank decided that it wanted something that added more value and fit perfectly for core banking. To manage the staff training aspect of the core banking system implementation, IndusInd used GIEOM’s cloud-based remote testing tool.
Using GIEOM, the bank could train its business users in a more comprehensive, controllable and distributable manner. GIEOM was also more flexible as the bank staff could use GIEOM at home and at work.
The implementation phase of GIEOM took 3 months. Finacle core banking implementation has now been successfully implemented across all branches to facilitate the delivery of state-of-the-art banking services.