Bharat Cooperative Bank: In today’s fast-evolving financial landscape, innovation is key to staying ahead. Bharat Cooperative Bank (Mumbai) Ltd, a pioneer in adopting technology, has taken a bold step forward by upgrading to Finacle version 10.2.25—the latest iteration of INFOSYS’s world-renowned Core Banking System (CBS). This significant milestone reinforces the bank’s commitment to enhancing customer experiences, streamlining operations, and preparing for future growth.
A Leap in Customer Experience
This upgrade ensures customers enjoy an enhanced banking experience with faster processing times, seamless multi-channel interactions, and greater ease of access—be it through mobile, online, or in-branch services.
Operational Excellence and Efficiency
Finacle 10.2.25 brings advanced features that improve back-office processes, reduce manual intervention, and enable faster service delivery. Enhanced automation and integration capabilities bolster the bank’s efficiency, minimize errors, and optimize resource utilization for improved productivity and cost-efficiency.
Stronger Governance and Compliance
The new system significantly strengthens the bank’s risk management, compliance, and governance frameworks. It enables precise handling of complex operations, timely and accurate reporting, and consistent adherence to regulatory requirements—fostering trust and transparency with customers.
Positioning for Future Growth
The scalable and flexible platform empowers the bank to swiftly introduce new products and services, staying agile in a dynamic market. The integration of emerging technologies ensures a more personalized, data-driven approach to delivering innovative financial solutions.
Security and Trust at the Core
With enhanced security measures, the bank safeguards sensitive customer data while complying with evolving regulatory norms. This ensures robust protection, reinforcing the bank’s commitment to secure and trustworthy banking.
A Vision for Tomorrow
Mr. Yashodhara D. Poojary, Head of CBS at BHARAT BANK, calls the Finacle upgrade a transformative milestone. “This advancement not only improves operational efficiency but also delivers an exceptional customer experience. By adopting cutting-edge technology, we are committed to meeting the demands of the modern financial world while maintaining the highest standards of security and compliance.”
As the bank’s technology department spearheads this Core Banking System transformation, BHARAT BANK is focused on delivering an unparalleled banking experience, solidifying its position as a forward-thinking institution dedicated to its customers’ needs today and tomorrow.
