Deals16 Apr 2024, 05:44 pm
Dynacons Systems & Solutions Secures Rs. 233 Crore Contract from NABARD for Core Banking Solution Upgradation
AI Summary
Dynacons Systems & Solutions Limited has secured a contract worth Rs. 233 crores from National Bank for Agriculture and Rural Development (NABARD) for the upgradation and migration of their Core Banking Solution (CBS) from Finacle 7.0 to Finacle 10.2.25, operating on the Application Service Provider (ASP) model. The contract includes comprehensive suite of services, infrastructure and network enhancements from leading technology vendors, and is structured on an Operating Expense (OPEX) basis, ensuring recurring revenue streams throughout the duration of the agreement.
Key Highlights
- Dynacons wins contract worth Rs. 233 crores from NABARD
- CBS upgradation and migration to Finacle 10.2.25 on ASP model
- Comprehensive suite of services, infrastructure, and network enhancements included
- Structured on Operating Expense (OPEX) basis for recurring revenue streams
- Serves 1391 branches of 38 State Coop Banks