CIO GOLD AWARD
IDG, India’s CIO magazine has recognized Repco Bank as a recipient of 2008 CIO Award. It recognizes Organizations that exemplify the highest level operational and strategic excellence in Information Technology. General Manager (IT) from Repco Bank selected for this award.
IMPLEMENTATION OF CORE BANKING SOLUTION
Repco’s technology initiatives are clearly focused on the customer. The drive for the CBS came from the Chief Executive & I.T. initiatives are growing day-by day. The level of attention spent by top management to leverage IT as a tool to achieve and sustain operational excellence is increasing. I.T. function at the bank ensures that it lowers operation costs and gives the organization a competitive edge in the market.
LOAN ORIGINATION SYSTEM (LOS)
Pioneer in Introduction of Loan Origination System (LOS), enabling online application processing, loan appraisal, credit rating, loan sanction, loan documentation and account creation. The system operates on workflow driven application which automates the front end loan processing cycle and integrates its financial accounting system also providing valuable management information systems. This solution enables the bank to manage, monitor and effectively control the entire life cycle of a loan contract.
Repco Genius Hand Held Device has been introduced by the Bank during the year 2004 for collection of deposit amount at the doorsteps of the customers. In addition to efficiency and accuracy, collection through device has increased the productivity also. Instills greater confidence on the Bank’s transparency in the maintenance of accounts.
“Repco IT Department centrally managing all branches with networked computers and monitoring security.”