Processing .....please wait.. 
The article has been forwarded.... 
IBM implements core banking solution at Canara Bank
By siliconindia
|
Wednesday, 13 October 2010, 17:55 IST
Bangalore: Technology major IBM has deployed its core banking solution across 3,057 locations of Canara Bank, one of the largest public sector banks in India. It will also provide end-to-end support to the bank over the next seven years.
Canara Bank had engaged IBM in August 2005 to implement the comprehensive centralized banking solution consulting of constituting of a suite of 14 satellite applications centered around the core banking solution. As part of the engagement, IBM was responsible for designing, building, deployment, and support of the centralized core banking solution as well as that for the satellite applications.
IBM has enabled the bank set up and managing the data center and disaster recovery infrastructure, establishing the Local Area Network in over 1,000 branches, monitoring the Wide Area Network of the bank, and managing business continuity services to be able to seamlessly switch from the data center to disaster recovery mode.
"We are pleased to have a dedicated team of IBM experts at Canara Bank, who helped us make informed decisions about the future of our IT environment," said a spokesperson from Canara Bank.
"Canara Bank India recognized the need to build a solution to address their current and future expansion plans. Canara Bank is an example of IBM's commitment to help organizations build streamlined, dynamic application and infrastructures that allow them to become more resilient, better positioned for growth and participate in building a smarter planet," said Sriram Rajan, Vice President, General Business - South, IBM India/SouthAsia.
Canara Bank's core banking solution touches 45 million customers across India. The entire solution has been implemented and integrated by the IBM Global Business Services team. The solution is powered by the latest IBM POWER7, System x and storage technology. This infrastructure today enables 4 million business transactions every day supporting over 2,000 ATMs and 25,000 concurrent users on the system.
