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.
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.
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.
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