MoneyWorks4Me

Bank of India planning to launch IT-enabled solutions to check frauds

21 Jul 2020 Evaluate

Bank of India (BoI) is planning to launch IT-enabled solutions to track 'early warning signals' and 'enterprise wide fraud risk management'. The focus of the bank during the course of the current financial year (FY21) would be on technology upgradation and digitization.

The bank also proposes to launch project 'Star Mahashakti', thus upgrading the technology platform from Finacle 7 to Finacle 10. The Project ‘Star Mahashakti’, which is already in process, will be rolled out during FY2020-21.  

Bank of India offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc.

Peers
Company Name CMP
State Bank Of India 993.50
PNB 118.25
Bank Of Baroda 237.00
Canara Bank 125.80
Union Bank Of India 179.60
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