Banking on ‘IT’ for financial inclusion
While India Post has the advantage of reaching out to India’s citizens in the most remote areas with its postal service, providing on-demand and ubiquitous financial services was still a challenge. Infosys was selected to partner India Post in its IT transformation journey. The goal was to use the advances in digital technology to achieve financial inclusion.
As part of the project, we are working on an integrated deployment, which includes designing, building, supplying, installing, and commissioning hardware (servers, storage, and networking) and software for India Post.
The project is collaboratively driving innovation while fundamentally integrating disparate businesses to deliver a broad set of benefits. Our Finacle Core Banking Solution (CBS) is being implemented across India, covering all the post offices, dismantling the rural-urban divide for customers in using financial services seamlessly.