Cisco today announced that it has launched a solution that would enable banks to optimise its services in their branches.
Cisco Senior Vice-President, Mr Anil Bhasin said,''Today banks are exploring options beyond core banking system. They are looking at ways to differentiate and increase revenues, especially in their top branches.'' ''This solution would enable banks to differentiate from their peers, increase revenue from the branch, improve service levels and improve staff operational efficiency,'' he said.
In the past, Cisco has worked with HDFC Bank, State Bank of India, Bank of India, IDBI Bank, Union Bank of India and Yes Bank.
'' We are talking to couple of banks for our innovative branch solution,'' Mr Bhasin said and added '' Installing the innovative branch solution for one branch would cost between Rs 10 lakh and Rs 15 lakh,'' said a release issued here today.