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TCS signs MoU with Lakshmi Vilas Bank for centralization of process

Press Release by Lakshmi Vilas Bank

TCS signed a Memorandum of Understanding (MoU) on May 11, 2012 with Lakshmi Vilas Bank (LVB), a leading private sector bank, headquartered in Karur, India, for the centralization of back-office operations and document management system.

Excerpts from the press release:

“This arrangement would facilitate centralization of the key processes like account opening, KYC compliance, loans and advances, Trade Finance, ATM card management and many more. This agreement would enable all the branches of the bank to collect applications or request forms from customers and forward them to Central Processing Cell (CPC) for processing. CPC (Central Processing Cell) will be responsible for all centralized business processes and Datacenter (DC) will provide and maintain IT related services like servers, data storage, network etc. The documents comprising of application forms and supporting documents collected at branches will be forwarded to the scan station for scanning and indexing. Primarily the Enterprise Content Management (ECM) will be deployed for data and document management.”

Read complete Press Release.

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