HCL Infosystems bags financial inclusion project from PSB

HCL Infosystems Ltd, India’s premier Hardware, Services and ICT System Integration Company, has announced the awarding of an order from Punjab and Sind Bank (PSB) to provide smart card based solutions in over 1,500 villages across the country. The partnership aims to facilitate the provision of smart card-based technology solutions for financial inclusion, besides engaging and managing business correspondents deployed in unbanked villages allotted to PSB.

The company will be providing end-to-end solutions for PSB’s Financial Inclusion project involving supply of core banking and enrollment software, customisation, installation, operation, maintenance of servers and networking, management and maintenance of hardware and software, delivery and support for banking and financial services to the Bank. Apart from technological solution and technical services, it will also involve integration of various technological and functional components, supporting business correspondents to educate, facilitate and deliver financial services to the targeted below-poverty level beneficiaries.