The Company, through the Bank, conducts a traditional and. Unity Bank provides financial services to retail, corporate and small business customers via a robust branch network throughout New Jersey and the Lehigh Valley, Pennsylvania. The comprehensive platform comes bundled with Enterprise Service Bus and an API manager to cater to embedded journeys, Treasury platforms, natively integrated Payment processing systems to cater to burgeoning payment ecosystem including cards, AEPS (Aadhaar Enabled Payment System), UPI (Unified Payments Interface), IMPS (Immediate Payment Service) et all. is a financial service organization headquartered in Clinton, New Jersey. M2P’s TURING CBS is a modern core banking system that offers security, lightning-fast processing, and ease of data migration.
We thank the Bank’s leadership team for the confidence and trust placed in M2P.” In most markets, a CBS migration runs in quarters and years – we have changed the narrative to months and weeks. By working with our teams to replace the entire technology stack of the bank in record 88 days, Unity Bank has reset the innovation cycle times for banks in India. Madhusudanan R, Co-founder of M2P Fintech said, “We are delighted to partner with Unity Bank in their journey to transform into a digital native Bank. Unity Bank has worked closely with M2P Fintech to ensure that the CBS is reliable, nimble, secure, and is built to cater to a myriad of digital initiatives that the Bank intends to introduce. M2P’s deep understanding of the digital banking ecosystem has been a huge advantage and we shall continue to innovate in partnership with them.” “This new system demonstrates our commitment to continuously improve the banking experience for our customers and stay at the forefront of innovation in the industry. Unity Bank Plc engages in the provision of banking and other financial services to corporate and individual customers. Vaidyanathan, Chief Information Officer, Unity Small Finance Bank. “We are delighted to offer our customers the convenience and capabilities of the new digital core banking system,” said V. Turing CBS, built on Micro Services architecture, comes with native capabilities that includes low-code / no-code product capabilities, API gateway on top of the cloud-agnostic Turing platform that allows the entire bank to be ready with embeddable journeys. A record of sorts, the entire CBS implementation was completed in 88 days with no parallel run and all branches were migrated to the new CBS on the same day. The implementation entailed migration of the Bank’s Core Banking System covering 111 branches serving over 15 lakh customers. Unity Small Finance Bank Limited, a new-age digital-first bank, has replaced its core banking system (CBS) with M2P Fintech‘s Turing CBS. Unity Bank PLC + Add to watchlist UNITYBNK:LAG Actions Financials Banks Price (NGN) 1.08 Todays Change 0.09 / 9.09 Shares traded 10.04m 1 Year change +134.78 Beta 0.8967 Data delayed at least.
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