Central Bank of India has inked pact with technology giant IBM, in order to leverage its analytics solution to transform its financial management processes. This deal will include activities ranging from budgeting to forecasting to liquidity management.
With this new solution for corporate performance management, the bank will be able to gain better insight into branch and regional office performance, allowing for further flexibility and quicker shifts in strategy to drive improved results while also maintaining regulatory compliance.
Central Bank of India has got 4,300 branches and 2,500 ATMs with a Pan India presence of all the branches connected under the CBS platform. The bank has a business turnover exceeding Rs 4 lakh crore.
