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NDB Recognised at RBI Asia Trail-blazer Awards (2014-03-19 )

NDB set another record recently,winning the award for "Excellence in Core Banking Technology" in the Service Providers' category at the 5th Annual Retail Banker International (RBI)Asia Trail-blazer Awards held in Singapore.The award recognized NDB's strategic directive to converge multiple core-banking applications into a single core banking system that centralised the control of all operations of the bank. Chief Executive Officer of NDB Rajendra Theagarajah said :"It is an honour to receive this international recognition of NDB's core banking technology,especially at a time when core banking replacement is becoming a hot topic in Banking.During the last few years,we have seen banks across the world turning their attention to the need to replace their legacy core banking systems with solutions that are functionally and technologically superior.In line with this thinking, NDB embarked on a vendor-driven core banking solution to replace its three legacy systems.As such,migrating to a single core-business application has resulted in better operational flexibility for the Bank. Daily News March 19th 2014