Bank of India selects Uniken REL-ID to secure digital channels
Commercial lender Bank of India has selected Uniken and its REL-ID tech to secure its internet and mobile banking channels.The two firms have worked together for almost a decade, and this latest selection is an extension of their systems partnership.
Uniken CEO Bimal Gandhi says the bank selected his firm’s solution due to its ability to offer combined services as a single package.
For Rajesh Kumar Ram, general manager and CIO at Bank of India, data security has become “extremely critical” for his bank and others.
“Bank of India has been successful in keeping a zero data-breach record and keeping up with their customers’ trust.”
Payment systems in India are projected to experience near-100% growth, according to figures released by the Reserve Bank of India (RBI).
RBI has also released guidelines as security and risk mitigation measures for digital payments. Uniken says that its REL-ID system ensures compliance with RBI and other statutory guidelines around protecting digital banking assets with security solutions.
Founded in 1906, Bank of India has been government-owned since 1969. It claims to operate more than 5,000 branches across the country and 56 locations outside of India. In 2019 it reported total assets of more than $88 billion.