Repco Bank : Repco Genius

Repco Bank has deployed remote mobile banking for village based SHG groups using hand held devices and Vans

Monday, June 01, 2009

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Repco Bank provides financial assistance to Self Help Group which consists of only female members from different villages around Gudalur, Valparai & Coonur-Hill areas. The problem faced by the members was commuting from their villages to the bank as the transport facilities were insufficient and expensive. This is what gave birth to the conceptualization of this project. The bank decided to provide mobile banking facilities to SHG members and accordingly they acquired two Vans with help from SIDBI. The Vans are equipped with all systems necessary for SHG members to perform bank related tasks and loan payments.

The Bank has also introduced Repco Genius hand held device and connected it with the core banking server using GPRS to update the data for EOD & BOD operations. This allows the Daily Deposit Collector to give instant receipt at the door step of the customer. They have also introduced the improved version (Capable of Smart Card Reader with Wireless Technology) of Repco Genius for use in mobile van which is working for the Self Help Group members. While admitting the Self Help members, bank provides a smart card which contains all particulars about the member such as name, specimen signature/thumb impression, etc. While doing the transaction in the remote area, the RG reads the data stored in the smart card & update the transactions in the smart card as well as in the CBS server of the bank.

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