ICICI Infotech’s Newton solution for Lakshmi Vilas Bank
By Our Convergence Bureau | 18 Jan 2003
Bangalore:
ICICI Infotech has announced that Lakshmi Vilas Bank
has chosen its core banking solution, Newton, to be deployed
across all branches.
Newton will seamlessly integrate the bank’s existing front-end system, protecting its earlier investments in IT, according to the company.
“With
the banking environment getting extremely competitive
and several global players entering the Indian market,
Lakshmi Vilas Bank
plans to use technology to offer customers value-added
services. As a result, we expect out customer base to
greatly increase,” says Lakshmi Vilas Bank Chairman
and CEO A Krishnamoorthy.
“After evaluating several top banking products, we found Newton to be an ideal fit for our stakeholder, both external and internal,” he adds.