Andhra Bank : Core Banking Solution

The Core Banking Project by Andhra bank is a very complex deployment and
upgrade of IT enabled banking . The cause which led to this project was the
immediate need for an integrated banking platform to support customer centric
banking: which means a migration from branch-based legacy banking platform to IT
driven centralized banking experience. Other desired objectives of the project
were strengthening multi-delivery channels which encompass ATM network, net
banking, mobile payments, tele-banking, integration to online tax administration
and online trading platform and many more.

The deployment was done in a very phased manner to derive benefits in a
systematic way. The foundation layer was first set by deploying core banking at
the branch level along with the government business module and debit card,
followed by e-banking, AML, EWGL, FA and risk management, etc. The major
technical challenge faced was with the branches located in remote villages where
there was no landline or mobile phone connectivity, or continuous power.

The key feature of this deployment which makes it different from others is
its accelerated roll out. More than 85% of business of the bank had been brought
into core banking before December 31, 2008.

100 percent roll out of the Financial Universal Banking solution was achieved
in 344 days from the first pilot on 31st March 2008. More than 10,000 end users
were retrained to work on a GUI based solution from character based legacy
solution.