To comply with RBI guidelines the bank called upon Omnitech and upgraded its old RTGS/NDS/CCIL infrastructure in one fell swoop.
Ever since it first commenced operations,Yes Bank has laid a
great emphasis on leveraging technology to bring in operational
excellence and deliver high quality banking services to its
customers. Over the years, the bank has achieved many 'firsts' in
the industry, especially when it comes to using technology. So when
the Reserve Bank of India (RBI) directed all the banks to upgrade
their Payment & Settlement Systems recently, Yes Bank decided
to go in early and migrate their existing RTGS/NDS/CCIL
infrastructure.To do so, the bank was finding it difficult to have a single
vendor who could fulfill all its requirements of supporting the
hardware, software and services and more importantly, the
maintenance of the applications from RBI, IDRBT & CCIL.
