Mumbai, June 10 :
Mumbai, June 10:
Union Bank of India has enlisted Wipro Infotech and Infosys to implement its redefined IT strategy. The project envisages an investment of over Rs 150 crore.
Wipro Infotech, the prime integrator, will be responsible for end-to-end implementation and integration of a centralised core banking solution and associated IT infrastructure. Infosys will provide banking solutions, Finacle and BankAway.
The project, labelled e-mpact, will implement core banking solutions. It would cover 500 branches in 36 months at 50 centres across the country. This would gradually be extended to 1000 branches over five years, said V Leeladhar, Union Bank chairman and managing director.
The decision to implement core banking solutions with a centralised database for inter-branch connectivity was taken last year. KPMG was appointed to assist in the effort. The solution also includes support of 200 ATMs, apart from other IT enabled products and services such as Internet banking and tele-banking.
Apart from Wipro and Infosys, the other partners in the project include FSS, Chennai for ATM Switch and B K Solution, Chennai for telebanking systems. 'The objective behind this exercise is to enhance customer convenience through technology,' senior officials of the bank said.