Financial Software & Systems Ltd., an Indian payment systems integrator and solution provider, has announced the implementation of new software and hardware systems at the State Bank of India. The upgrade will enable the bank to double its ATM network from 30,000 to more than 60,000 machines over the next two to three years.
FSS implemented and integrated the ACI BASE24 transaction switch application version 6.10, and also upgraded the software to run on a high-end HP NonStop NB54000c Blade System. The expansion will allow SBI to actively support the Indian government's goal to introduce ATM service to rural, unbanked areas of the country.
According to an announcement from FSS, the project marks the first successful implementation of the HP NonStop NB54000c Blade System with BASE24 implementation in the Indian banking industry. It will be the largest single switch instance in terms of the number of ATMs driven.
FSS will maintain an on-site staff that includes a senior project manager and more than 100 personnel at SBI IT centers in Mumbai, Chennai, and Hyderabad. The team will support various switch, card, recon, and production support activities.
"It gives us immense pride to be a trusted partner of SBI, and be a part of SBI's continuous retail payment growth initiative," said says Yogesh P. Dhuldhoya, senior vice president at FSS. "Our team's experience and expertise in handling complex system integration, migration and upgrade projects for leading banks … was key to the successful and timely completion of the SBI project. Over 40 resources were used, including participation from senior management team in FSS to deliver the upgraded systems."
FSS has been associated with SBI since 2000 when they were selected by the bank as its switch system integrator in a global tender. At that time, SBI had 200 ATMs in its network serving 100,000 ATM cardholders. Today the network serves more than 100 million cardholders, the company said.
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