Financial Daily from THE HINDU group of publications
Tuesday, Jan 22, 2002
Financial Daily from THE HINDU group of publications Tuesday, Jan 22, 2002 |
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Info-Tech
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Software Money & Banking - RBI & Other Central Banks Corporate - Announcements eFunds to assist Logica in RBI project Our Bureau
BANGALORE: eFunds Corporation, a provider of electronic payment, risk management and related information technology and business process improvement services, announced on Monday that it had been awarded a multi-million dollar subcontract to assist Logica with implementation of a Real Time Gross Settlement (RTGS) project at the Reserve Bank of India (RBI). eFunds International Private Ltd, a wholly owned subsidiary of eFunds, will assist Logica in the implementation of a national RTGS system which will allow all the banks in India to make secure inter-bank payments throughout the country. In addition, a new core banking system will cover all the general transactions and central accounting of the RBI, including the bank's general ledger, says a press release.
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