Tata Communications’ Tata Communications Banking InfraSolutions Ltd (TCBIL) which is focused towards catering to the Banking and Financial services sector is on an expansion mode. The subsidiary set up in April 2009 is positioned to provide integrated end-to-end banking infrastructure solutions.

The subsidiary has a wide range of services for the mentioned sector such as hosted-core banking solutions (H-CBS), connectivity and disaster recovery solutions, managed ATM services, issuance of cards, point-of-sale solutions. It offers Managed Payment Infrastructure as a service to the banks.

 The subsidiary already claims to have implemented H-CBS for several co-operative banks.

“Tata Communications is now expanding its pioneering managed services value proposition to the Indian financial services sector. Our customers would not need to make upfront investments in channels like ATM, PoS, etc. as we take end-to end responsibility of asset ownership, deployment, and maintenance, backed up by our 24*7 operations capabilities.  We have assimilated strong capabilities in various banking infrastructure needs and are well positioned to service the growing needs of banks. Banks can focus on their core functions and investments and partner with us for the management of their infrastructure needs,” says, Mr Rajiv Singh, President.

TCBIL says that as per the RBI data, ATM deployment in the country is growing at a rate of 56 % CAGR. Further only 4 % of India’s retail sector accept card system for payment with only 25 % of this under the outsource model. Moreover over 30,000 branches of Coopeative and Regional Rural banks are to adopt core banking solutions.

It is for these reasons the company expects the subsidiary to have significant potential in the area of business.