IndusInd Bank bags global 'Celent Model Bank' Award for its Enterprise Payments Hub initiative

IndusInd Bank today, announced that it has been awarded the global 'Celent Model Bank' award under the category - 'Payments System Transformation' for building a best-in-class Enterprise Payments Hub (EPH). The award acknowledges the Bank's outstanding journey in creating a cloud-based central payments hub that is capable of seamlessly processing high transaction loads originating across all forms of payment instructions, and across all originating client touchpoints.

The 'Celent Model Bank' is awarded for best practices of technology usage in different areas, that are critical to success in banking, and is the main award that a financial institution can receive from Celent - a leading research and advisory firm focused on technology for financial institutions, globally. With this, IndusInd Bank has joined ranks with a few other banks globally, who have been conferred with this award.

Speaking about the award, Mr. Biswabrata Chakravorty, Head - Information Technology, IndusInd Bank said, "We are honoured to have been recognized for our efforts at the prestigious Celent Model Bank awards. IndusInd Bank's vision to transform into a state-of-the-art Digital Bank hinges on providing the best-in-class banking services, backed by innovative usage of technology. The award is a testament to our constant endeavour at undertaking initiatives that simplify processes, minimise turnaround times, and eventually create an agile financial ecosystem, that provides customers with a seamless banking experience across touchpoints."

Shares of IndusInd Bank Limited was last trading in BSE at Rs. 983.55 as compared to the previous close of Rs. 984.95. The total number of shares traded during the day was 46623 in over 2131 trades.

The stock hit an intraday high of Rs. 996.45 and intraday low of 982.10. The net turnover during the day was Rs. 46175875.00.

Source : Equity Bulls

Keywords

IndusIndBank INE095A01012 CelentModelBank Award PaymentsSystemTransformation EnterprisePaymentsHub