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Wednesday, January 30, 2013

Tech upgrade to enable SBI double ATM network

State Bank of India can now double its automated teller machines (ATMs) with the Chennai-based Financial Software and Systems (FSS) upgrading the back-end technology to run these machines. FSS, which is a payment systems integrator, is a solution provider and technology partner of SBI.

Tech upgradation will help SBI increase its ATM network from 30,000 to over 60,000 ATMs in the next two to three years, said Nagaraj Mylandla, Managing Director, FSS.

Through this upgrade, SBI’s ATM expansion plans will actively support the government’s mission to increase ATM penetration in the country, he said.

FSS has been associated with SBI since 2000 when the company was selected by the bank as its ‘Switch System Integrator through a global tender for setting up the transaction switch.

Source: thehindubusinessline


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