Xerox Eyes Financial Inclusion, Caters to Banking Sector

Wednesday, December 10, 2014

Banking, Financial Services & Insurance (BFSI) is a high-priority vertical for Xerox in India. Vishal Awal, Executive Director, Xerox South Asia spoke about how Xerox India is addressing technology requirements of the banking sector.

The solution

Xerox Corp offers a highly portable Xpress Banking Solution to banks and financial institutions that are looking at expanding their footprint in urban, semi-urban and rural India in a decidedly cost effective and largely automated manner for faster document processing. The practical constraints like limited bandwidth availability are factored into the platform’s development in such a way that only the variable date actually travels on the pipes, and at the destination gets super-imposed onto the pre-recognized document, thereby re-creating the full document without the need for reliablehigh-speed pipes.

Indigenously developed

Xpress Banking developed at Xerox Research Centre in India (XRCI, Bangalore) helps financial institutions like banks cut critical costs and processing times enabling the potential customers in small/remote towns to utilize personal banking services like opening a bank account, applying for loans etc.

How it works

Source: Deccan Chronicle (link opens in a new window)

financial inclusion