CelerityX, the enterprise networking solutions business of OneOTT Intertainment Ltd. (OIL) announced the launch of OneX, a unified network-as-a-service solution covering network management, security, and LAN-side control solution. CelerityX is India’s 4th largest private ISP and a subsidiary of Hinduja Global Solutions Limited.

As a start, it has 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 firm aims to enable secure and high uptime banking connectivity for over 40,000 branches in the state, with the potential to serve over 100,000 branches nationwide.

The firm believes cooperative credit societies in Maharashtra that are a part of MAFCOCS will benefit from the alliance with OneX, streamlining connectivity by leveraging broadband and mobile SIM with firewalls and zero-radius perimeter security solutions to ensure security and uptime. 

Om Prakash Dadaapa, also known as Kaka Koyate, president of MAFCOCS 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. 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, providing a Unified Threat Management Solution including network, firewall, and endpoint security to all credit societies,” he further added.

Sameer Kanse, Chief Business Officer of CelerityX, said, “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”.

CelerityX has received its first order from Samta Sahakari Patasanstha for its branches in Maharashtra while conversations with various others are underway.