Bank of Baroda and HP Partner on Comprehensive IT Banking Project

Bank of Baroda and HP Partner on Comprehensive IT Banking Project

Bank of Baroda, one of India’s largest banks with a presence in 20 countries, today announced that it has chosen HP as its strategic IT partner for the bank’s Technology Enabled Business Transformation project.

The project will better position Bank of Baroda to provide its Indian and international customers and partners with world-class products and services on a 24×7 basis. Upon completion of the project, HP anticipates that the bank’s 25 million customers will have access to banking and financial services anytime, anywhere throughout the world via multiple delivery channels, from Internet banking to call centers, Aâ„¢s and transaction kiosks.

When completed, Bank of Baroda’s Technology Enabled Business Transformation project will deliver a uniform, portal-based IT infrastructure covering both its domestic and international operations. The infrastructure will allow the bank to realign the way in which it operates with its external and internal customers and business partners and, in turn, help the bank to compete and excel in the increasingly challenging and competitive domestic and global banking environments.

Working closely with Bank of Baroda, HP will implement and manage an enterprise-wide service-oriented architecture including core banking, phone banking, Internet banking, delivery channel integration, risk and performance management, customer relationship management, data warehousing, global treasury, human resources management system, cheque truncation system and more.

As the system integrator, HP will draw on its extensive network of alliances with industry leaders such as Cisco, Credit Rating and Information Services of India Ltd., Infosys, Microsoft, Oracle, Reuters and other leading independent software vendors for the integrated deployment of more than 40 applications.

As part of the contract, HP will design, build and manage data centers that will host the compute, storage and connectivity infrastructure for the bank and also provide disaster recovery and business continuity solutions. Additionally, HP will design, deploy and manage the bank’s network implementation.

Read the complete Press Release