Dhanlaxmi Bank made this choice after evaluating several prominent vendors for an enterprise-class ADF solution that would not only automate the bankâs regulatory reporting in line with RBIâs guidelines, but also ensure data accuracy and integrity. Dhanlaxmi Bank sought a solution that would dovetail seamlessly with their core banking and other transactional systems and enable a straight through processing of the returns from the bankâs systems. Moreover, the solution had to be designed for quick implementation with a low TCO.
Speaking on the occasion, Mr. Muralidharan R, COO, Dhanlaxmi Bank said, âDhanlaxmi Bank had commenced automation of the Reports some time ago and was keen to harness the data organizing and classification capability that comes with the automation, for analytical purposes as well. Added to that was the time-sensitivity of the RBI ADF implementation. We were exploring a quick-to-implement productized solution that would quickly enable us to embark on our ADF compliance initiative. Given its relevant banking content and the understanding of the subject, iCreateâs Biz$core ADF was a natural choice. I expect Dhanlaxmi Bank to leverage Biz$core ADF to its fullest potentialâ.
Mr. Vivek Subramanyam, CEO, iCreate said, âWe are honoured to partner with a progressive bank like Dhanlaxmi Bank on their RBI ADF initiative with our product Biz$core. We look forward to helping Dhanlaxmi Bank meet its larger Information Management & Decision Support needs leveraging various solutions from the Biz$core suite as this relationship evolvesâ.