Punjab and Sind Bank to have new CBS
Punjab & Sind Bank is looking for a consultant to help it in its CBS upgradation and other IT Projects. The bank is now in the process of upgrading its Finacle version 7.0.25 to a higher version or replacing the system altogether. The selected consultant will assist the bank in the end-to-end contract execution with the selected system integrator/s including coordination with different departments for finalizing the sizing. The consultant will be required to independently arrive at the methodology, based on globally acceptable standards. The bank has divided the project into different phases with phase I comprising IT strategy system study (including study of the existing setup of the IT infrastructure, compare with other peer banks, identify Gaps if any and assist in defining methodology for bridging up those gaps), Phase II covering RFP preparation and floating and phase III covering project management, monitoring of implementation and other activities.