AnG India Ltd. becomes the backbone of banks during demonetization
10th March 2017-With the radical move of the demonetization of currency notes of 500 and 1000 on the 8th November, Government of India took several vital steps to ensure the safety of banks. RBI has given the directives to all Private and Government banks to preserve the video data from 9th Nov – 30th December.
AnG India Ltd. as a system integrator took the centre stage and undertook various initiatives during the demonetization move. This task was completed PAN India including government and private banks making installations in more than 10,000 locations to replace more than 16,000 hard-disks within a period of 25 days with an in-house team of 500 employees before the assigned deadline.
Solution identification was the vital challenge, to identify the right solution which is feasible for the banks and us as system integrator and to get it delivered to Banks in a stipulated time was essential and crucial task for us. The sudden requirement for changing hard disks and submitting the data was a challenging situation in a short span of time.
Effective planning and resources helped us to procure material such as hard disks and manpower. The execution was the pinnacle of the project as the road-map had a comparatively high number of locations (10,000+) which had to be covered within a limited time span. Bank branches and ATM’s covered in Delhi NCR region; 125 in Noida, 500 in Gurgoan and Delhi. AnG India Ltd. catered to a total number 20 leading banks in the Public and Private sector. Regular/daily reports were shared with the banks for transparency and maintaining the pace during the installations.
Pulkit Punj, Director at AnG India Ltd. while commenting on the project completion said “We are proud to announce our completion of the RBI mandate in this short span of 25 days. What RBI had asked from the banks could only be successfully executed and delivered by us, owing to our status as experienced system integrator. Since we have 10% market share of overall bank branches in India as our client base, a 50% market share in public sector banks and a 100% share in private sector banks; the financial institutions are our biggest contributors. We have been in the banking security industry since a very long time, these Banks heavily rely on us, and they are entrusting sensitive data into our hands. It is our responsibility to preserve the video data, protect and deliver reliable security solutions. We have been their backbone in the trying hours of demonetization. The complete project cost was 25 to 30 Crore. The successful completion of such a mammoth task covering a total of 10,000 PAN India sites holds testament of our emphasis on integrity and optimal functionality”
AnG managed the security concerns of the 10,000 PAN India Bank branches, their video data, data preservation and replacement of more than 16,000 hard disks serving the national cause of demonetization acting as a technological backbone of banks security. We have surveillance systems specially designed to monitor and create emergency alerts for the Banks.