HCL Technologies to provide tech solutions to SIDBI

HCL Technologies to provide tech solutions to SIDBI

Indian IT company HCL Technologies has announced that they are now going to provide integrated Enterprise-wide IT solutions to SIDBI for delivering increased efficiency in its business operations and reduce response time to SME customers in credit delivery.

They would be providing solutions related to core banking, business intelligence, data warehousing, loan automation, document management, portal and e-learning solutions aimed towards enabling SIDBI to reduce time to market, increase efficiencies, control exposures and risks.

Mr V Chandrasekaran, Executive Director, SIDBI spoke on this new development: “The project is to implement integrated enterprise-wide IT solution consisting of flexible IT solutions aligned with business objectives. The project would benefit the SME clients in extending faster credit delivery, status of loan application, self service for loan account tracking through internet, on-line invoice discounting, etc.”

R K Srivastava, Chief General Manager, IT, SIDBI added: “Apart from the main focus of total credit automation for faster credit delivery management by implementation of Core banking solution, the bank will also achieve state of the art web based total integrated systems including Business Intelligence (BI) /MIS, electronic work flow, document management and e-commerce. SIDBI was looking for a partner with proven, multi-service delivery capabilities in India like HCL to meet our requirements”

Kiran Bhagwanani, Country Manager – India & Middle East for HCL Technologies had this to say: “HCL is pleased to partner with SIDBI for their business process re-engineering & automation initiative which will significantly enhance their agility for their customers – the fast growing SME sector. This engagement will leverage HCL’s strong credentials in transformational, multi-service deals and our experience in the financial services sector in India.”