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Hinduja Global Solutions Launches OneX, A Unified Network Solution

22 April 20243 mins read by Angel One
Hinduja Global Solutions launches OneX, a comprehensive network solution via CelerityX, targeting cooperative credit societies in Maharashtra for secure banking connectivity.
Hinduja Global Solutions Launches OneX, A Unified Network Solution
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On April 22, 2024, Hinduja Global Solutions Limited informed the stock exchanges about the launch of OneX – a unified network-as-a-service solution covering network management, security, and LAN-side control.

OneX was launched by CelerityX, the enterprise networking solutions business of OneOTT Intertainment Ltd (OIL), a subsidiary of Hinduja Global Solutions Limited. OneOTT Intertainment Limited is the fourth largest private ISP in India.

CelerityX announced the deployment of OneX to tackle the connectivity challenges faced by cooperative credit societies in Maharashtra. Through a strategic partnership with the Maharashtra State Cooperative Credit Societies Federation (MAFCOCS), the company aims to enable secure and high uptime banking connectivity for over 40,000 branches in the state, with the potential to serve over 1,00,000 branches in the country.

The company stated that the banking sector often struggles with connectivity issues, especially in Tier 2 and 3 cities, where outdated systems fail to offer security against modern threats. OneX enables a paradigm shift, simplifying complexity with agility and security. Its ability to leverage multiple WAN technologies, including mobile SIM, ensures high uptime, zero trust-based networks, and security across all locations.

Cooperative credit societies in Maharashtra that are a part of MAFCOCS will benefit from the partnership with OneX, which will facilitate connectivity by leveraging broadband and mobile SIM with firewalls and zero-radius perimeter security solutions to ensure security and uptime. In addition, the OneX costing structure will benefit even the smallest of credit societies, which can avail themselves of this vital service to prevent cyberattacks on their network infrastructure.

CelerityX has also got its first order from Samta Sahakari Patasanstha for its branches in Maharashtra, while discussions with several others are in progress.

The President of MAFCOCS, Om Prakash Dadaapa, also known as Kaka Koyate, said, “Maharashtra has over 16,000 credit societies. These credit societies are increasingly becoming significant in their size and impact compared to cooperative and national banks. Many of them, in fact, have stronger assets under management (AUM) and financials than larger banks. This growth in assets also brings the responsibility of ensuring technology modernisation for these credit societies to serve their customers better.”

He further added, “While this technology transformation brings convenience to customers, it also exposes the credit societies’ infrastructure to cybersecurity threats and network intrusions. OneX addresses these challenges seamlessly by providing a Unified Threat Management Solution including network, firewall and endpoint security to all credit societies.”

The Chief Business Officer of CelerityX, Sameer Kanse, stated, “With OneX, we are democratising banking connectivity for cooperative credit societies. This partnership with MAFCOCS is a major step towards promoting financial inclusion and driving growth in the rural sector and we have our sights on expanding into other states facing similar challenges.”

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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