What would be the IT infrastructure Model for first women bank in India i.e. Bhartiya Mahila Bank ?
Mahila Bank will be the first Indian Bank to use Pay Per Use Core Banking Transaction solution.
Top It industry giants like Infosys, US-based technology firm FIS Global and Polaris Financial Technology — are looking for the CBS projects based on the per-usage payment system.
The selected IT service provider will own the hardware and software of the entire bank and will be paid on a per-branch-per-month basis.
The benefit of using this model is that "The model would help the bank avoid making upfront investment in technology".
There are only few departments like Income Tax are using this model. SBI Capital is the consultant for the Bhartiya Mahila Bank.