IndusInd Bank bags global 'Celent Model Bank' award for its Enterprise Payments Hub initiative

19 Apr 2022 , 10:47 AM

IndusInd Bank has announced that it has been awarded the global ‘Celent Model Bank’ award under the category — ‘Payments System Transformation’ for building a best-in-class Enterprise Payments Hub (EPH).

The award acknowledges the Bank’s outstanding journey in creating a cloud-based central payments hub that is capable of seamlessly processing high transaction loads originating across all forms of payment instructions, and across all originating client touchpoints.

The ‘Celent Model Bank’ is awarded for best practices of technology usage in different areas, that are critical to success in banking, and is the main award that a financial institution can receive from Celent — a leading research and advisory firm focused on technology for financial institutions, globally. With this, IndusInd Bank has joined ranks with a few other banks globally, who have been conferred with this award.

Speaking about the award, Biswabrata Chakravorty, Head — Information Technology, IndusInd Bank said, “We are honoured to have been recognized for our efforts at the prestigious Celent Model Bank awards. IndusInd Bank’s vision to transform into a state-of-the-art Digital Bank hinges on providing the best-in-class banking services, backed by innovative usage of technology.

The award is a testament to our constant endeavour at undertaking initiatives that simplify processes, minimise turnaround times, and eventually create an agile financial ecosystem, that provides customers with a seamless banking experience across touchpoints.”

At around 10:51 AM, IndusInd Bank was trading at Rs981.35 apiece up by Rs4.4 or 0.45% on the BSE.