Shivalik Mercantile Cooperative Bank in Uttar Pradesh has opted for FIS -”bank in a box” profile core banking solution. This is the first cooperative bank in India that uses this latest technology, according to a press release.
The FIS is a leading global provider of hosted core banking solutions across the world.
Experts say equipped with the most advanced facilities such as Internet and SMS banking, deposit and loan products, payment solutions, ATM and POS switching, regulatory and MIS reporting, Shivalik Bank will grow fast as all the solutions work together and are easily scalable.
The FIS is easy of configuration and application, experts add. The Shivalik Bank is the multi-state cooperative bank of Uttar Pradesh with a network of 21 branches.
