Tuesday 13 March 2007
Source: Adfactors Public Relations.
Intelligent Business Systems (IBS), the Artificial Intelligence (AI) based Business Competitiveness Solutions firm, today announced that IBS Bespoke Solutions Pvt. Ltd. — a subsidiary of Intelligent Business Systems Pvt Ltd in India, was chosen by Zoroastrian Co-operative Bank as their preferred vendors for their IT infrastructure needs.
As part of the deal, IBS Bespoke Solutions will offer Zoroastrian Co-operative Bank Consultancy services, Complete Hardware Infrastructure and Annual Maintenance services for the Head Office and all branches of Zoroastrian Co-operative Bank. IBS Bespoke Solutions will set up a firm IT backbone including complete networking infrastructure, data centres, branch communications, etc, with the Core Banking Software (CBS) solution being provided by Infrasoft.
Making the announcement, Mr. F. K. Banatwalla, Managing Director, The Zoroastrian Co-operative Bank Ltd. said: «IBS Bespoke Solutions helped Zoroastrian Cooperative Bank to design the infrastructure in such a manner that, without loss of performance, the bank could save considerable money on the deployment of the Core Banking Solution.»
Dr. Kaustubh Chokshi, CEO of Intelligent Business Systems said: «After the implementation of the project, Zoroastrian Co-operative Bank will be one of the most technologically advanced banks within the Co-operative banking sector.»
The Zoroastrian Co-operative Bank has 10 branches in Mumbai and Pune. It offers a high level of personalised services and effective catering to the need-based requirement of its constituents hailing from all strata of society. The Bank is categorised under the A-Star category which is the highest category accorded by the Commissioner of Co-operation and Registrar of Co-operative Societies and is also ranked as Grade I Bank by Reserve Bank of India.
IBS Bespoke Solutions’ parent company Intelligent Business Systems has implemented its cutting-edge Artificial Intelligence Enterprise Solutions and proprietary ICPA Engine within Europe in sectors spanning travel, tourism, pharma, government, etc. The same superior functionality in end-to-end enterprise management systems and AI-based customer profiling and relationship management is now being made available by IBS to clients in India.