IBM collaborates with Indian Bank to modernize banking infrastructure

  • Investing.com
IBM collaborates with Indian Bank to modernize banking infrastructure
Credit: © Reuters.

In a bid to modernize its banking infrastructure, Indian Bank (NS: INBA ) has teamed up with IBM (NYSE: NYSE: IBM ), as announced on Monday. The collaboration will provide the bank with a flexible and secure computing infrastructure, enabling it to deploy new front-end banking applications and manage Core Banking Solution (CBS) workloads efficiently.

As part of its Project PARADISE, Indian Bank aimed to consolidate its Front Branch Servers for better manageability and availability at both Data Centres (DC) and Disaster Recovery (DR) centers. The plan also included running CBS workloads on the latest generation of IBM Power servers.

Deepak Sarda, Chief General Manager – IT and Partnership at Indian Bank, spoke about the bank's objectives in this collaboration. "As part of our capacity management initiative and to manage evolving application requirements, we wanted a cloud-like functionality within our own data center," he said.

According to Viswanath Ramaswamy, Vice President, Technology at IBM India & South Asia, evolving customer needs necessitate a new operating model for banks driven by a nimble digital environment. He emphasized that banks embracing new technologies to modernize can gain a significant competitive edge and prepare themselves for the new financial frontier.

IBM proposed a hybrid cloud approach for all AIX workloads to boost agility and introduced a combination of Capex and Opex model for consumption of compute resources. This approach aims to deliver Infrastructure-as-a-Service (IaaS) while creating a private cloud using available resources.

By consolidating front-end branch servers, Indian Bank aims to enhance manageability and availability at its data centers in Chennai and Mumbai, ensuring uninterrupted service for customers.

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