News

Financial Software & Systems signs outsourcing deal with top Indian banks

December 6, 2005

MUMBAI, India - Financial Software & Systems Ltd. has been awarded an ATM outsourcing contract by the Bank of Maharashtra and Vijaya Bank, two leading public banks in India.

According to a news release, the contract will involve end-to-end deployment and management of 525 ATMs. Bank of Maharashtra will be outsourcing management and operation of its ATMs for five years. Vijaya Bank, on the hand, will maintain ownership and outsource ATM managed services for eight years.