Technology Promotion Drive of South Indian Bank

Our bank had embarked upon a massive technology up gradation drive by introduction of a Centralized Core banking solution. For this a modern Data Center has been set up at Kochi, connecting all branches with all the Departments at Head Office, all Regional Offices, the Treasury Dept at Mumbai and the IBD at Kochi. This robust network facilitates anywhere banking, Networked ATMs, Internet Banking, Mobile Banking, Global debit cum ATM card operations, Online trading, online shopping etc. The Sibertech project was launched with a target of connecting the 200 odd branches in two phases by March 2004. Towards this endeavor, the bank has concluded a technology partnership with M/s Infosys Technologies Ltd for Finacle, the Core Banking Solution, M/s HCL Infosystems Ltd. for Network Integration and M/s WIPRO for Data Centre set up and Maintenance. The Sibertech Project was formally launched on January 17,2001 by Sri.N.R.Narayana Murthy, Chief Mentor, Infosys Technologies Ltd in a colorful function at Kochi.

The state of the art Data Center of international standards at Kochi, is the only one of its kind in the banking industry in Kerala. A number of dignitaries have visited this Data Center, including Sri.Azim.H.Premji, Chairman & Managing Director, Wipro Ltd.

Per se bank has achieved 100% Core Banking Solutions by 24th March, 2007.Further to strengthen the ATM reach and global acceptability Bank has introduced Master Card Global Debit- cum- ATM card, which can be used at ATMs and merchandise all over the world.  We have launched internet banking primarily focusing the individual as well as corporate clients. The Bank has also introduced Mobile banking for customers as a value addition.

The aim of the Bank is to offer the latest technology driven value added services to the customers without compromising our motto - Blending Tradition with Technology .