IDBI Intech Ltd: Difference between revisions

IDBI Intech Ltd.
	IDBI Intech logo
Company type	Subsidiary Company ; Subsidiary of IDBI Bank
Industry	IT Solutions & Services in Banking and Finance services
Founded	March 2000
Headquarters	?Mumbai, India
Key people	Mr. Sanjay Sharma (Managing Director & CEO)
Services	IT Consulting; IT Services; Outsourcing; Software Products
Number of employees	500 (As on 31st Mar, 2010)
Parent	IDBI Bank
Website	idbiintech.com

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Revision as of 13:24, 30 March 2010

IDBI Intech Ltd. is a wholly owned subsidiary of IDBI Bank. IDBI has set up IDBI Intech Ltd. (IIL) in March 2000 to tap the opportunities arising from the IT sector.

IIL capitalizes on the banking business knowledge acquired over the years supplemented with experience in Implementation & Management of state-of-the-art IT Infrastructure, Technology applications and Systems for one of the largest universal bank in India and uniquely positions itself, in the Information Technology Service Provider Space, to offer the IT-related products and services to the IDBI Group companies and the other organizations, focusing mainly on the BFSI sector.

IIL operates in a multi-dimensional framework and provides IT related services in the area of Consultancy, System Integration, System implementation & support, Applications & Server hosting and other IT related managed services and specialized training. Preferred IT Solutions & Services Company in the BFSI sector.

History

IDBI Intech Ltd. was established in the year 2000.

Offices and data centres

Corporate Offices

IDBI INTECH Limited,IDBI Building, Ground Floor, Plot No. 39/40/41, Sector 11, CBD Belapur, Navi Mumbai 400614, India.

IDBI Intech Ltd., 18th Floor, IDBI Tower, WTC Complex, Cuffe Parade, Mumbai 400005.

Bussiness Division

Banking

The team at IDBI Intech Ltd. has the experience and expertise of Finacle Application Testing, Migration and Implementation having successfully implemented it during the merger of erstwhile IDBI Bank with IDBI Limited. IIL is also in the final stage of migrating 230 branches of the erstwhile United Western Bank with IDBI Limited on Finacle. Over the years, IIL has gathered the expertise to customise Finacle to suit the varied requirements of Corporate, SME, HNI and Individual clients. IIL team has also successfully implemented the Finacle e-banking suite which allows the clients ease of doing banking online.

Retail Banking
Retail Liabilities

Finacle implementation
Migration to Finacle
Customisation
Business Utilities thru Intranet

Retail Assets

Finacle implementation
Version Migration
User Acceptance Testing
Module wise Job card / Operation manual preparation
End user training in Finacle
Migration to Finacle
Customisation
Business Utilities thru Intranet

Corporate Banking
Trade Finance

Migration to Finacle
Customisation
Swift Mesg - STP
Version Migration
User Acceptance Testing
Module wise Job card / Operation manual preparation
End user training in Finacle

Treasury Management

Channel Deliverables

Some of the initiatives taken by IIL include

Customized Finacle Treasury Module
Customized and Integrated Trade Finance Module
Pioneers in Airline Ticketing, Bill Payment, Card to Card Transfers in ATMs
Interactive ATM's to guide new users

Technical Service

IIL provides support for applications in various domains and has expertise in implementation of these applications acquired over a period of time. IIL offers consultancy in implementation of these applications and also the in the post implementation support or customization.

IIL provides Implementation and Customization Consultancy for following applications

Internet Banking (From Infosys) Retail Corporate Cashin (Cash Management Application from CashTech, Pune) Collections Payments CashWeb (Web interface from Cashin) Oracle Applications Financials HRMS Remedy ITSM products (From BMC Software) Helpdesk Change Management Service Level Agreement Configuration Management Database (CMDB)

Information System Audit

IS audit practice is the high-end service offered by IIL. We assist our clients to effectively manage business risks by providing a full spectrum of IT governance, risk management, and IS audit services. These services are tailored to meet clients’ specific needs, and provide effective support to management in meeting the challenges and opportunities presented by today's complex Banking environment.

IIL offers a wide range of tailored services and products to enhance IT governance, manage business risk, provide assurance on control effectiveness, and support in achieving the Organization’s business objectives. We are also capable of enhancing the effectiveness of the IS audit by supporting it with data analysis using ACL.

IIL have a team of talented young professionals possessing expertise in technical, functional & banking domains. The team members come from various educational backgrounds like Chartered Accountants, Engineers, MBA’s. We have certified professionals like CISA, CISSP, CEH, BS 7799 Lead Auditor, CCNA, CCNP etc.

Information Security Services

Application Assurance, IT General Controls audit, IT Infrastructure Security review, Data Migration Audit, IT Governance Consulting, Information Security education, Application Assurance and IT General Controls audit.

Input, processing and output controls, Verification of accuracy & completeness in the data processing, Logical access controls and Interface controls, IT General controls relating to applications such as User accounts management, Software Development Life Cycle (SDLC), controls, Change management, Back-up etc, Evaluation of Service level agreements (SLAs), Annual maintenance contacts (AMCs) etc, Evaluation & selection of software vendor, Existence of Escrow agreement for Software source code, Review of Operating systems security, Database security, Review of Physical security, IT Infrastructure Security review.

Review of various IT Infrastructure elements Network: LAN, WAN, Databases: Oracle, Foxpro etc, Operating system: Windows, Unix, Linux, Firewalls, Routers, Application Server, Web server etc, Vulnerability Assessment and Penetration Testing (VAPT), Data Migration Audit.

Review of process documents, mapping documents, conversion tools Migration from old systems as well as from manual records covered 100% Verification of data Analysis with the help of internationally accepted auditing tools like ACL IT Governance Consulting

Alignment of IT plans with business plans, Review and Design of IT policies and Information Security policies and procedures, Evaluation of effective utilization of IT resources, Formulation of Business Continuity Plan and Disaster Recovery Plan, Designing of operating guidelines for IT users, Consultancy on Business Process Re-engineering, Compliance with legal & regulatory requirements, Evaluation of Risk management strategies adopted by the organization, ISO/IEC 27001 Implementation Consultancy, Information Security Education.

IIL conduct short duration Security awareness programmes, tailored separately for Top management, Users and IT management. The programme includes factual case studies & importance of information security & simple explanation of various terms used in information security, Our programme covers all the domains of Information security including, framing of polices & procedures, Disaster management, Incident reporting, Social engineering etc

Insurance & Capital Market

Insurance

The Insurance practice was established recently for catering to IT requirements of the Insurance companies, focusing mainly in Indian market. IDBI Intech, leverages the vast experience and skilled resource pool from banking technology implementations domain, to provide range of IT consultancy services as well as IT infrastructure services to Insurance companies.

Recently we are engaged in setting up of IT systems & operations for newly formed Joint Venture IDBI Fortis Life Insurance Company Limited. Scope of the project involves IT road map design, Business & Technology architecture design, network solution design, Systems and Applications identifications, selection of vendors and project implementation & management.

We are proceeding towards building a world class Insurance competency center in near future catering to specialized information technology areas such as business intelligence, CRM, which is of utmost importance for Insurance Industry.

Capital Markets Solutions

IDBI Intech specializes in providing IT services in the area of capital markets e.g. Depository systems management, System Integration services to provide Online trading facilities, establishing interfaces and managing the same for clearing bank facilities to stock brokers and stock exchanges. Payment gateway applications integration for Providing Lien marking facilities for seamless integration between banking system with that of online trading solution.

Knowledge and Management Services

Certificate in Banking Technology (CBT)

There are three basic elements viz. knowledge, skill and attitude which define the quality of human capital of any organization. Training is a tool through which these three elements are acquired and upgraded.

Today widespread use of technology in financial institutions is driving the need of specialized training in all the areas from back to front office activities.

Certificate in Banking Technology (CBT) of IDBI Intech Ltd & HCL Infosystems encapsulates all the basic components of an accredited training.

With a jump in the Indian economy from a manufacturing sector, that never really took off, to a nascent service sector, banking as a whole is undergoing a change. With the retail banking sector witnessing a growth rate of 30% and insurance and mutual funds grew by 50% and 30% respectively, players are focusing more and more on the banking sector and are waking up to its potential. The banking sector which employs 9,00,000 people is predicted to employ 15,00,000 within a couple of years.

The fact that the statistics reveal a huge potential, also brings with it a threat that a large portion of the Indian population is not trained. Hence the need for someone who along with his/her technical skills and domain knowledge can deliver banking professionals to the modern banking sector.

And that is where “Certificate in Banking Technology” Program pitches in.

Certificate in Core Banking Solution (CCBS)

Importance of Banking Industry The Banking Sector in India is witnessing immense progress, and a thrust on technology driven services like Internet banking, mobile banking, phone banking, ATMs etc. With the growth in the Indian economy expected to be strong for quite some time-especially in its services sector-the demand for banking services, especially retail banking, mortgages and investment services are sure to be stronger. Currently more than 9 lacs trained manpower is employed in the banking industry which is expected to grow to 15 lacs by 2012.

Curriculum The curriculum is designed to give adequate understanding of Core Banking functionalities and the salient features of harnessing the IT for business promotion. The first hand experience of working on Core Banking Solution is given to the students, which demonstrate online completion of transaction initiated by them.

Certificate in Core Banking Solution (CCBS) Our Domain Competency Solution builds domain knowledge from the root level and enhances the overall efficiency and knowledge levels of the future employees. Foundation Level It starts with a Customized Foundation Program for a period of two weeks. Every selected participant undergoes this program, which is an optimal mix of instructor-led classroom and e-learning sessions. A certification examination leads to successful completion of the Foundation Level. The participant undergoes training on Finacle Core Banking Solution. A certification exam leads to successful completion from Level One The result: Participants from various management institutions went through the customized Certificate in Core Banking Solution Program, and achieved certification – with the advantage of showing in the know-how of Core Banking Solution. On completion of the said programme the candidates are ready to work in any Private Bank / Public Sector Bank. We have achieved very good ratings in the feedback on every program conducted to date. This feedback is analyzed critically to add to the effectiveness. This is shared with the institutions.

Our Deliverables: Deliverables included: Highly relevant and constantly updated programs Detailed handouts useful as reference texts Hands on exposure on Core Banking. Domain expertise for any queries Question Bank for certification examinations

Certificate in Basics of Banking (CBB)

Certificate in Basics of Banking (CBB) is a premier program in the field of Human Resource Development with a distinguished record of providing Training on Banking Concepts, to meet the long felt need for a basic qualification in BFSI Sector. This professional program is designed to cater to the recruitment needs of the BFSI Sector. This program is facilitated by a group of faculties having exhaustive domain knowledge as well as technical expertise for providing young and dynamic professionals to be a part of modern banking sector. CBB is a premier Certification paid program of one week duration, dedicated to provide training on Banking Concepts, Insurance, Core Banking and Soft Skills.