Bangalore 10, November 2011
ING Vysya Bank signs MoU with LIC
ING Vysya Bank (ING), on November 10, 2011, signed a
memorandum of understanding with state-owned Life Insurance
Corporation of India for offering ePayments services for all
LIC branches across India. LIC has selected ING Vysya
Bank's state-of-the-art payment platform ING P@y, after
the life insurer initiated e-payments as a mode of payment to
policyholders.
ING has made technology as one of its core investment area as
a result of which most of the transaction processing systems
and electronic banking delivery channels have been built
around evolving domestic payments and clearing systems.
Providing speedy, safe and convenient transaction processing
environment has been the focus behind all technological
advancements of the bank.
For these efforts, the Bank also received the best managed IT
project award for its corporate internet banking platform ING
Converge while its electronic collections platform ING
Inwards received the most innovative IT solutions award.
Press enquiries: ING Vysya Bank
Sonalee Panda, +91 (0) 80 25005061
sonalee.panda@ingvysyabank.com
Adfactors PR
Debalina Ghosh/ Ruchi Dwivedi
9742272209/ 9742272203 debalina.ghosh@adfactorspr.com ruchi.dwivedi@adfactorspr.com
ING Vysya Bank Ltd is a premier private sector bank with retail, private and wholesale banking platforms that serve over 2.00 million customers. With 80 years of history in India and leveraging ING's global financial expertise, a workforce of 7,000 employees staff, 515 branches and extension counters, 28 satellite offices and 410 ATMs to offer their clients an increasingly broad range of innovative and established products and services.ING is a global financial institution of Dutch origin, offering banking, investments, life insurance and retirement services to meet the needs of a broad customer base. With more than 105,000 employees*, we serve over 85 million* private, corporate and institutional customers in over 40 countries in Europe, North America and Latin America, Asia and Australia