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Indian Bank partners with IBM

Wednesday 6 September 2023 09:52 CET | News

IBM has partnered with Indian Bank, a public sector bank, to deploy new front-end banking applications, while addressing the business growth of the CBS workloads for the bank.  

With this partnership, the main aim is to achieve greater agility, scalability, and security to meet the bank’s growth requirements in today’s dynamic and competitive market. 

As a part of Project PARADISE, Indian Bank wanted to consolidate its Front Branch Servers for improved manageability and availability at their Data Centres (DC) and Disaster Recovery (DR) centres. Additionally, Indian Bank aims to run its Core Banking Solution (CBS) workloads on the latest generation of IBM Power servers. 
 
IBM has partnered with Indian Bank, a public sector bank, to deploy new front-end banking applications, while addressing the business growth of the CBS workloads for the bank.

IBM solutions for Indian Bank 

According to the press release, IBM has proposed a solution that includes a hybrid cloud approach for all AIX workloads, aimed at strengthening agility. The approach combines Capex and Opex models for the consumption of compute resources, providing Infrastructure-as-a-Service (IaaS). Moreover, it also creates a private cloud using available resources, establishing a single pool of processors across DC and DR sites, and enabling services equivalent to a pay-as-you-grow model. 


To enhance security, Indian Bank is implementing IBM PowerSC for all AIX endpoints, ensuring better support for compliance audits. IBM PowerVC has been deployed for simplified virtualisation management, cloud deployments, workload image management, and dynamic resource optimisation for IBM AIX Servers. As per the press release, by implementing Power Enterprise Pools, Indian Bank has simplified the utilisation of resources across their DC and DR sites, reducing the total cost of ownership. 

The cloud environment offers several advanced features, including virtual machine replication for consistency, a self-service portal for simplified provisioning, as well as capabilities such as virtual image capture, deployment, and cataloguing. Through the consolidation of front-end branch servers, Indian Bank enhances manageability and availability at its data centres, aiming to ensure uninterrupted service for customers.  

More about the firms 

IBM is a provider of global hybrid cloud, AI, and consulting expertise. Operating in more than 175 countries, the company capitalises on insights from data and aims to streamline business processes. Government and corporate entities in infrastructure areas such as financial services, telecommunications, and healthcare utilise IBM’s hybrid cloud platform and Red Hat OpenShift to impact their digital transformations efficiently.  

 
Indian Bank is a public bank that provides financial solutions and aims to contribute to the economic development of India. In September 2023, Indian Bank partnered with mobile-oriented credit card company OneCard to launch contactless, co-branded metal cards. This credit card offering is accompanied by a dedicated mobile application that allows cardholders to manage several aspects of their transactions and financial affairs. Furthermore, the mobile app enables users to monitor real-time transactions, oversee expenses, convert payments into equated monthly instalments (EMIs), redeem rewards, handle repayments, devise monthly budgets, adjust credit limits, and facilitate payments. 

Source: Link


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Keywords: banking, fintech, artificial intelligence, data
Categories: Banking & Fintech
Companies: IBM, Indian Bank
Countries: India
This article is part of category

Banking & Fintech

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IBM

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Indian Bank

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