HDFC Bank revamps with Interblocks iSwitch
Interblocks has implemented iSwitch - an ATM Switch and Monitoring
System - at HDFC Bank, Sri Lanka.
After establishing their position as a leader in financial solutions
in the commercial banking sector, the latest venture marks Interblocks'
first implementation in a public bank in Sri Lanka.
The new applications will enable HDFC to be at the forefront in
overall banking operations with quick and innovative products and help
the bank to maintain a healthy customer service relationship. With its
technology upgrade, HDFC can now offer its customers a wide range of new
services, through the ATM network.
"We are very happy to have signed this agreement with Interblocks to
upgrade our customer service package.
We are venturing into the field of savings, that is retail savings
accounts and deposit accounts and through this ATM network, customers
will be able to access our services from any part of the country.
We are also looking at the other banks that Interblocks has linked
with which will enable us to avail our facilities to customers from
almost any ATM machine to access our services," said DGM Marketing, HDFC
Bank Priyanka Baddevithana.
Interblocks' wide range of new features and advantages prompted HDFC
to pick Interblocks to transform its operations. The iSwitch
applications' three-tier architecture will provide the bank greater
flexibility, enabling easier administration of the network.
Interblocks set a benchmark after pioneering the commercial use of
International Financial Exchange (IFX) standards in 2001, prompting
other vendors to consider adopting the framework.
The IFX standards are an XML-based message set that has been
developed to aid the management of expanding complex corporate banking
needs, while seeking benefits offered by the networking environment.