IDBI Bank to use Oasis solutions for ATM

By Our Corporate Reporter

CHENNAI, JULY 31. HMA STARware Limited (HMAS), a leader in the domestic financial software solutions and middleware segment, has announced the implementation of IST /SWITCH from the Canada based Oasis Technology at IDBI Bank for its ATM services.

Addressing presspersons here today, Mr. Harish K. Murthi, chairman and managing director, HMA STARware, said the IST switch from Oasis Technology was fast emerging as the preferred choice across the world for innovative, tech savvy banks such as IDBI Bank because of its open architecture and cost effectiveness.

He said the company had also provided IDBI Bank with a state-of- the-art, proactive ATM monitoring system `Concenter' from Datawest Solutions inc. Canada, which was successfully implemented along with the new switch.

Explaining the advantages of the open systems Mr. Murthi said the proprietary solutions based on closed systems were hardware dependent, whereas Oasis's open systems solutions were flexible and hardware independent and could run on IBM, HP or Sun machines.

Mr. Shameek Bhargava, head of ATMs and Card Products, IDBI Bank, said IDBI bank was planning to introduce an array of new, innovative produces and services through its ATM channel taking advantage of the new, flexible technology platform. The aim was to continue to grow the ATM network and the bank had already covered 40 cities.

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