Infosys Ltd.

Infosys, a global leader in consulting and technology is planning to introduce Rs 700-crore project for transforming India’s banking and insurance operations cross 1,50,000 post offices in the country in about two years. According to the agreement between Infosys and India Post, both will focus on a transformational initiative, which encompassed financial services system integration.

The entity will implement and manage its flagship Finacle Core Banking and McCamish Insurance products to help India Post transform its banking and insurance operations, which will cover more than 200 million banking customers across urban and rural India, including a large base of insurance customers.

Technology firm will also be installing 1,000 ATMs for India Post as part of this programme and implement an electronic content management system to manage millions of documents generated as part of India Post’s financial operations.