Indian Overseas Bank implements Nelito Systems’ FinCraft™ Data Archival & Retrieval Solution

Introduction

Indian Overseas Bank(IOB) was founded on 10 February 1937 by Shri. M.Ct.M Chidambaram Chettiar, a pioneer in many branches. The Indian Bank was established with the primary purpose of doing business in foreign exchange to bring the Bank into the country.

IOB is also faithful and participates in social relations, known for empowering women – Sakthi Cheth Memorial Trust IOB Chidambaram Chettiar and IOB Foundation Seed Bank.

The Indian Overseas Bank (IOB) has moved from its various banks to IOB offices in Singapore, Hong Kong, Colombo, and Bangkok in a major banking response. 4 offices outside IOB have been able to participate in collaborative expertise to create the Database Archive & Build a data backup solution for its central banks and other heritage sites. IOB plans to make a storage solution at its central warehouse in Chennai, India.

IOB has selected Nelito’s FinCraftTM (FinDARTTM) Data Archive & Construction Solution to launch at the offices of IOB Singapore, Hong Kong, Colombo, and Bangkok. In India, Nelito joined IOB for FinDARTTM solutions under his commission from the first CBS to the new CBS. Nelito is also informed that four (four) FinDARTTM application forms will be used for external agencies. This will ensure that the existing external data is set aside and will take into account any internal data protection.

Nelito Systems Components is a state-of-the-art technology company in India, which provides software and service solutions to banks, Financial Services, Microfinance, and International Government. Founded in 1995, Nelito has more than 400+ business banks and twenty-five + small and medium-sized investors in 19 countries on four continents.

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