Corporation Bank, public sector lender, has chosen Wipro to transform its existing Core Banking Solution (CBS). This is a technology transformation initiative covering Core transaction processing channels across Branches, Internet and Mobile Banking and includes Risk Based Internal Audit and Enterprise Performance Management Applications.
The bank will be implementing Finacle Ver. 10.2.x as its Core Banking Solution. The project aims at providing Corporation Bank and its customers with an enhanced uptime and better response.
Corporation Bank is a Mangalore-based mid-sized public sector bank which was established in 1906. Government of India is the majority shareholder holding 59.82% stake in the bank. Overall, the Bank has a wide network of over 9,000 centres across India, including 2,061 branches, 2,599 ATMs and 4,349 branchless banking units.
