IDFC Bank deploys new revenue management platform, SunTec’s Xelerate

IDFC Bank deploys new revenue management platform, SunTec’s Xelerate

Pricing and billing software specialist SunTec has implemented its flagship Xelerate platform at India’s challenger bank, IDFC Bank.

The vendor says the new real-time solution, which covers corporate/commercial banking, will help IDFC to “analyse, anticipate and cater to varied customer expectations”.

Xelerate will help IDFC Bank “deliver a seamless, omnichannel experience across all touchpoints”, and customise offers and services.

IDFC Bank: what’s the tech

IDFC Bank, a subsidiary of India’s Infrastructure Development Finance Company (IDFC), is the newest private sector bank in India. It opened for business in October 2015.

The bank offers a range of universal banking services, including for the under-banked rural sector and the self-employed segment. It has 70 domestic branches.

The bank has recently signed for a new digital banking platform from Backbase.

Read more on the press release here - http://www.bankingtech.com/601081/idfc-bank-live-with-new-revenue-management-platform-suntecs-xelerate/