UTI Bank uses Laser Soft tech for cash management system

Chennai - December 2006

Chennai-based Laser Soft Infosystems, a banking software product company, has provided a browser-based centralised cash management system to UTI Bank. The system has been implemented in over 200 branches. Mr B Suresh Kamath, MD, Laser Soft said that the system has features such as customised report generation, online updation of transactions and customer exposure and pooling of credits. A cash management system allows banks to collect funds at various locations on behalf of a client and pool them to a centralised account or several accounts as per the bank customer’s requirements. With this, a bank customer need not maintain multiple accounts across the country, LaserSoft said in a press statement.

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