2. Core Banking
• Centralized
Online Real-time
Exchange
• Bank customers
may access their
funds and other
simple
transactions
from any of the
member branch
offices
• deposit
accounts, loans,
mortgages and
payments
3. Process
• operations should be
carried out in a secure
and safe manner
• accessibility to the people
in the organization as well
as those outside should
be provided in a secure
and controlled way
• auditing is performed
annually across branches
• information profiling
4. Systems
• has all the security related
software and hardware
• stable organizational security
structure
• infrastructure is not vulnerable
to external attack
• biometrics at all critical
installations for authentication
• team of 10-15 security specialists
at the head office
• team of about 150 people is
taking care of security across
branches
5. New Technology Platform
• All Branches, Extension Counters in India,
overseas business and five sponsored Regional
Rural Banks are on the Core Banking Solution
(CBS) platform
• Baroda Connect , online payment of direct and
indirect taxes , certain State Government taxes,
utility bills, rail tickets, online shopping, donation
to temples and institutional fee payment, ATMs,
direct salary upload, trade finance and State Tax
payments, Baroda M-connect
6. DR/BC Disaster Recovery and
Business Continuity) set-up
• data centre set-up is located in Gujarat
• disaster recovery centre is based in Bangalore
• leased lines have been leased from MTNL, BSNL and Bharti
Enterprise
• can recover its entire core-banking setup almost
instantaneously
• The core banking applications run on Finacle from Infosys
and the database is set up using the Oracle Financial
Service Architecture
• The core banking applications run on multiple HP
Superdome servers
• connected through leased lines to various Cisco switches
and routers deployed across the country
7. The benefits
• reduce its Total Cost of Ownership
• shifting from branch-centric automation to bank
automation without compromising on disaster
recovery and business continuity processes
• complemented BoB to update its database
through data mirroring and remote auto backups
• RBI’s VSAT Network and has installed about
39VSATs linking strategic branches and offices
adding redundancy during disaster
8. Future plans
• The core banking
application is
deployed in 1,000
branches currently
• planning to introduce
online cheque
truncation facility for
its customers
9. Impact of the BPR project
• Infosys introduced Finacle which changed the way of
working for banks
• fast working and updated manpower also gave them
edge over other banks
• account opening is done on the same day in Bank of
Baroda
• all documents reach within one week or two which
took too much time earlier
• forms can be downloaded from the website itself
• virtual keyboard is present on the login site (in case of
internet banking) to avoid hijacking of passwords
