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Nelito successfully support demonetization initiative in its customer banks

Updated On : 13 December 2016

Nelito has successfully supported more than 100 Banks which use its FinCraft CBS to smoothly implement the demonetisation announcement made by Prime Minister of India on 08 Nov 2016.

This could be swiftly achieved due to architecture and design of FinCraft which is highly parametrised coupled with quick deployment of front-office utilities of capturing the information quickly.

This has helped in faster service turn-around time for our Bank's customers.

While multiple announcements were made by Government of India regarding withdrawal limits, validations, currency exchange etc. in subsequent days, our client Banks are easily able to meet all the requirements.