IDENIZEN TIES UP WITH CORPORATION BANK

IDenizen Smartware Pvt. Ltd., with its leading education ERP product suite, SmartCampus™, today announced a first-of-its-kind strategic tie-up and co-branding with Corporation Bank. This pioneering partnership brings the power of modern banking and VISA debit cards to students’ financial transactions and to their stakeholders – from management and faculty, to parents.

A key feature of this partnership is that it makes SmartCampus™ card the first ever VISA-branded RFID campus card. This would enable cardholders to carry out their students’ financial transactions from across the country with ease, through Corporation Bank’s 1000+ Branches & ATMs and over the Internet. Being a Visa card, SmartCampus™ cardholders can also access 25000+ other ATMs and 12 lakh+ merchants across India.

SmartCampus™ is a comprehensive product that automates and increases productivity in most campus activities – from admission to fees, library automation to examinations. Over 60000 students already use the SmartCampus™ card to carry out financial transactions related to the above activities, and the IDenizen-Corporation Bank partnership envisages a large number of these students benefiting from the introduction of this new facility.

Commenting on the landmark association with Corporation Bank, Girish Baliga, Founder, MD & CEO, IDenizen, said, ” This is a first-ever tie-up between a educational ERP solution and a bank that will bring the power of modern banking to students’ financial processes. With this, we envisage completely cashless transactions within the campus, easing the lives of both parents and students. An added benefit is that they can use these cards outside campuses that brings a host of value-added facilities”.

Mr. B R Bhat, GM, Corporation Bank, added, “It is great to be associated with SmartCampus™, which is helpful for the students in many ways. Students now have an option to have a savings bank account with us and integrate it with their SmartCampus™ card making their life at the campus more easy and comfortable. Students and their parents will now find it more convenient to have a SmartCampus™ Card with debit card facility than have a stand- alone student account.”

The SmartCampus™ Card with the debit card facility has been successfully tested out in a number of professional colleges in the States of Karnataka, Andhra Pradesh & Gujarat. IDenizen and Corporation Bank are targeting having more than a million student users in the next three years through this partnership.

ABOUT IDENIZEN AND SMARTCAMPUS™

Idenizen Smartware Pvt ltd is a four-year technology solutions provider for the education vertical that has specialized in creating and marketing a smart card-enabled software solution for the education vertical. The SmartCampus™ product is ideally suited for educational institutions and campus management. The product offers an increasingly relevant value proposition to all key stakeholders in the educational institutions and has a seamless, attractive, integrated business model that makes for ease of adoption. Today it is a leader in the sector with nearly 150 installations that directly benefits tens of thousands of students, teaching and non-teaching staff, the management of the institutes and the students’ parents.

Earlier this year, IDenizen received funding of $2.25M from NEA-IndoUS Ventures. The company is utilizing the funds to further its presence in the national market while at the same time enhancing its current suite of products and working on newer innovations, all directed at the educational vertical.

SmartCampus™ has been introduced in a number of colleges with visible improvements in productivity and efficiency of operations. Rich domain understanding and working closely with customers over the years has resulted in the product addressing tedious, error-prone academic activities through seamless automation. The functional areas automated by SmartCampus™ include department administration, staff profile, staff and student attendance, staff payroll, examinations, library management, accounting, student information systems, hostel management etc.

ABOUT CORPORATION BANK

Corporation Bank, a premier public sector bank is in the forefront of providing innovative and tech savvy products and services to its customers. It is the first Public Sector Bank to bring its entire banking operations under Core Banking Solutions [CBS]. Corporation Bank has leveraged technology to provide many ‘firsts’ to its customers like online educational loan for
professional courses, SMS-based Pay-by-Mobile services etc.

It offers many innovative products & services such as International Debit Card, International Credit Card, Internet Banking, SMS Banking, Kiosk Banking, various utility payment facilities etc. The Bank has a large network of over 2000 service outlets in the country. Through CorpBank ATMs apart from withdrawing cash the card holder can avail many other services like transfer funds, recharge of prepaid mobiles, LIC premium payment etc.

It is also the first public sector Bank to offer the Educational Loan Online [CorpVidya]. The Bank has endeavored to launch this unique online facility for the convenience of students who have secured admission to professional courses. This facility will relieve the beneficiary students from spending time and travel with uncertainty in search of funds for their dream project of acquiring a professional qualification. Corporation Bank has been emphasizing that – ‘no deserving student be denied higher education for want of finance in time’. This online request facility with in-principle sanction ensures a hassle-free and timely credit dispensation to the needy students.

In addition to education loan, the Bank also offers value-added products to the students like – CorpByte, to enable students to acquire accessories such as PCs, Laptops, Notebooks etc., essential for furthering their higher studies.

The Bank offers a Savings Bank Account specially designed for the students – Corp New Gen. The student can open an account without any initial deposit and with only a quarterly average balance of Rs. 100 and can enjoy full Bank services. They can enjoy add-on benefits like the Bank’s Debit card, SMS Banking, Internet Banking, Mobile recharge, Railway Ticket booking etc.