The market-leading digital Core Banking System, M2P’s Turing CBS, has replaced North East Small Finance Bank‘s Core Banking System. North East Small Finance Bank is a fully owned subsidiary of RGVN (North East) Microfinance Limited. North East Small Finance Bank, which has more than 225 branches in Assam, has successfully migrated from conventional banking systems to M2P’s Turing CBS, a digital core banking platform. 

The bank has collaborated with M2P for its suite of digital accelerator platforms, which broadly consists of the following elements, as part of its technological upgrade to support its growth ambitions. They are:

• Turing Digital Core Banking System (Turing CBS)
• Integrated payments hub that includes Debit Card Management System, Unified Payments Interface,  National Automated Clearing House system, Mobility, SFMS, IMPS, and other related modules
• Back office platforms including Treasury systems, Digital Identity, Centralised KYC processing systems, Loan Origination Systems, and systems to track compliance with Anti-Money Laundering controls.

The upgrade’s speedy execution—from receiving data from the legacy system to filling in the gaps in accordance with the bank’s specifications and completing User Acceptance Testing before Go LIVE—makes it special. This journey took less than three months.

This smooth transition strengthens M2P’s reputation as a dependable partner for banks and other financial institutions as they undergo digital transformation.

Priyanka Dutta