The State Bank of India (SBI) has selected Chennai-based software testing firm, Thinksoft Global Services, to provide user acceptance testing for its new core banking system.
Under the contract, Thinksoft will provide user acceptance and performance testing for the system, which comprises of the B@ncs24 core banking software from FNS, a trade finance application from China Systems and the Finance One product from Comlink.
SBI's core banking project is one of the largest of its kind in the world — in terms of the number of branches, customers and transaction volume. The group has more than 13,000 branches, including its seven associate banks with foreign offices in 31 countries.
Thinksoft delivers outsourced software testing services to financial and insurance firms such as Citi Group, Deutsche Bank, Morgan Stanley, ABN Amro and Standard Chartered.