It is a highly known fact in the software industry that one of the most critical and complex area of business applications is the core banking platform. While many banks are still struggling with their legacy applications and maintenance, the more tech-savvy banks have already migrated (or currently in the process of migration) into modern core banking solutions. One of such modern core banking applications is Finacle from Infosys.
Modus has strong credentials in the area of Core banking implementation, especially Finacle core banking from Infosys. Modus enjoys "Finacle Value Partner" status from Infosys and we are highly recommended by Infosys. Modus skillsets around Finacle makes us capable of implementing Finacle in various banks. The long-standing partnership with Infosys helps Modus to smoothly execute the implementation without much struggle. Modus history of working with the product over a decade in the areas of Finacle product development, Finacle product testing,
Finacle customization and Finacle implementation gives us the additional credentials to successfully implement Finacle in various client locations. Most of our clients were very happy about the collaboration we enjoy with the product owner (Infosys) and the independence with which we were able to perform. Our employees are immensely skilled in various aspects of Finacle. We take special care in retaining such talents.
Partner Led Delivery model from Infosys:
Infosys identifies Modus as a partner company who can lead the Finacle Core banking solution implementation in a bank. Modus has proved the capability on the ground multiple times. Modus has experienced and trained talents who can drive various tracks in the core banking transformation program. Modus is equipped with even program management professionals for such programs. Modus works very closely with Infosys and the bank business and IT leads to execute such programs. Modus management consultants have the experience and capability to manage the stakeholders, integrate services, align program objectives and execute the program. Modus has many program managers with more than decade of experiences in the domain. Modus has specific skillsets like data migration experts, integration architects, customization experts, technical support experts, product functional experts, product technical experts etc.
Bharat Bank, a leading multi-state scheduled cooperative Bank with 64 branches in Maharashtra and Karnataka, had been the earliest implementer of CBS - in Aug 2003. In November 2013, the Bank officially kick-started modernization of its core banking platform. The Bank selected Finacle, the flagship core banking solution from Infosys as its target core banking engine. Both the bank and Infosys entrusted Modus to handle most of the implementation services. Modus solution consultants and technical team were part of the implementation program from day one of the Requirements Gathering milestone. Modus engineers took care of the various Finacle installations, supported requirements mapping, business process design, data migration, customizations, SIT, UAT and more importantly the Modus team burned the mid-night oil throughout the go-live and stabilization period. The Bank went live on 18th Aug 2014, in less than a year, which is quite rare in the industry.DOWNLOAD NOW
The Bank is approximately 100 branches and it has a quite complex IT landscape, pretty much like some of the private sector banks. The bank's IT leadership is quite focused on automation and optimising business processes. The bank decided to select Modus as the program lead for rolling out the Finacle Core banking application.
Then it was on Modus to prove that the bank has done the right decision and never had to repent about its decision. The Modus program management office made sure that the objectives of the program is addressed from the beginning and all activities are managed in a professional manner. Modus was successful in lining up the required expertise at every stage of the program, both onsite and offshore.DOWNLOAD NOW