The bank is conducting around 1.47 crore transactions per day on Finacle 10 as against 1.20 crore prior to the migration.
“The final rollover was completed on January 26, 2018, and branches across the nation have been working on the new system since January 29.” “During the last one-and-a-halfyear period, since the conceptualisation of upgradation to Finacle 10 involves a lot many activities, including several rounds of testing, end-user trainings and several rounds of mock drills to inculcate the confidence of the end user in the branches across the country,” the bank said in a statement. The bank clarified that it had initiated the Finacle upgrade move almost one-and-a-half-year back and since database size of the bank is among the largest among Indian banks, several things had to be achieved prior to the planned upgrade. ET had reported on March 13 that PNB was facing technologyrelated issues at its branches and ATMs due to the upgrade. MUMBAI: State-run lender Punjab National Bank (PNB) in a clarification has said that it is not facing issues regarding upgradation of its core banking system from Finacle 7 to Finacle 10. In addition, they contribute information and data to Finextra surveys and reports.įor more information: Visit follow: email at or call: +44 (0)20 3100 3670 The bank clarified that it had initiated the Finacle upgrade move almost one-and-a-half-year back and since database size of the bank is among the largest among Indian banks.
The Finextra community actively participate in posting their opinions and comments on the evolution of fintech. Finextra offers over 100,000 fintech news, features and TV content items to visitors to Founded in 1999, Finextra Research covers all aspects of financial technology innovation and operation involving banks, institutions and vendor organisations within the wholesale and retail banking, payments and cards sectors worldwide.įinextra’s unique global community consists of over 30,000 fintech professionals working inside banks and financial institutions, specialist fintech application and service providers, consulting organisations and mainstream technology providers.
Finextra Research is the world’s leading specialist financial technology (fintech) news and information source.
0 kommentar(er)
