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Laser Soft Infosystems Ltd, a Chennai-based banking software product company, has successfully implemented ProBanker CB, a core banking solution at Andhra Bank. This core banking solution is the first clustering technology-based solution in the country.

This solution can handle thousands of branches and is ideal for large Indian public sector banks, according to B Suresh Kamath, chairman of Laser Soft.

Suresh said 140 branches of Andhra Bank have gone “live” under this core banking solution. The remaining branches, including the rural branches, would be linked up before the end of March 2004.

This would enable the customers of Andhra Bank to conduct their banking transactions from any other branch or ATM of Andhra Bank.

At present the bank’s branches are connected through either a “centralised mode” of core banking or through “cluster mode” of core banking. In the centralised mode, the branches would be connected directly to the server at the head office and the information would be distributed from the central server. This has limits the number of branches being connected.

In the core banking implementation through “cluster mode”, the branches would be connected through zonal servers to the central server. This system would ensure a fail-safe method to provide uninterrupted service to the customers.

Since the existing hardware could be used, the cost could be reduced to one-third of the earlier method and there is no limitation in terms of number of branches. “Cluster mode of core banking is the ideal solution for big Indian banks with a large number of branches,” adds Suresh.

Laser Soft has been providing total technology solutions to Andhra Bank and has computerised all the branches of the bank, helping it post a net profit of Rs 403 crore during March 2003 (it was Rs 90 crores during March 1999).

Laser Soft is banking software product company with a client base of 25 Indian and foreign banks. Laser Soft is the only company which provides solutions to all areas of banking. Their software is now operating in more than 3,500 installations and more than Rs 10,000 crore of transactions are routed everyday through their software in India and abroad.