Patanjali Group has announced its strategic entry into the indian banking sector. The company's technology branch Bharuva Solutions Private Limited (BSPL) has launched an AI-based, multilingual 360° banking ERP system. The company claims that this next-generation platform is designed to revolutionize wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital banking by empowering regional, cooperative and small financial institutions with intelligent, inclusive and compliant technology.
Patanjali has said, "Bharuva's state-of-the-art CBS platform (B-banking) is aimed at addressing four critical challenges that have long been hindering innovation and inclusivity in India's banking ecosystem."
1. language inclusivity
With India's linguistic diversity, most banking services are limited to English. BSPL’s bilingual solution allows banks to serve customers in both english and their local language, e.g., Gujarati in Gujarat, punjabi in punjab – ensuring ease of access and use for all citizens.
2. Enhanced Security
The platform incorporates cutting-edge AI and cybersecurity protocols to provide comprehensive security for data, transactions, and wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital interactions.
3. Process Efficiency
Designed for end-to-end banking transformation, the system has robust capabilities including API banking, MIS, HRMS, ERP modules, AML tools, and workflow automation for seamless operations and compliance.
4. Regulatory Compliance
Fully aligned with the Official Languages Act, 1963 and supreme court directives, the solution ensures compliance with government mandates for bilingual software in financial institutions.
Acharya Balkrishna, Founder and Managing Director, Patanjali Group, expressed his commitment towards technological inclusion, saying, “India is a country of many languages, yet our banking infrastructure operates primarily in english, leaving the majority isolated. Bharuva Solutions is launching a transformational product that is technologically superior, functionally comprehensive and linguistically inclusive, aligned with the Official Languages Act 1963.”
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