IBM ties up with Yojna

IBM India and Yojna Inc have announced an alliance to bring Yojna's ACCORD product family to the Indian financial industry's marketplace.

The ACCORD family of products, running on PC server platforms, allows IBM to provide financial institutions and their corporate customers with the ability to store, retrieve and distribute electronically the images of cheques. It also allows the financial institutions to provide their business customers with these same electronic cheque facilities, plus online cash management, balance sheet reporting and transaction generation facilities. 

Yojna will utilize Lotus Notes and MQ series messaging middleware as well as Tivoli middleware for network management. In addition, IBM Global Services will provide integration and implementation for Yojna-IBM sales.

The first implementation of the ACCORD FinancialNet software in India has already started with an installation at the Reserve Bank of India at the four major regional centers. The Yojna alliance is the first of several agreements IBM is negotiating with leading software application developers in the financial services sector. 

Yojna and IBM have been business partners for over eight years. Yojna has worked with IBM to develop check image repository systems for large banks.