Canara Bank recently went live with its Core Banking Solution across 3,057 locations. IBM implemented the Core Banking solution and will also provide end-to-end support to the bank over the next 7 years.
"When it comes to technology adoption, Canara Bank has been the front runner in adopting technology among the public sector banks in India. 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. Customer-led product and services development, adaptation and innovation are the guiding principles for us. Keeping this in mind, we chose IBM to deliver a complete Core Banking Solution on account of their dedication to the success of the clients and their ability to support the bank’s business growth. The value proposition of IBM’s overall solution was unmatched," said a Canara Bank spokesperson.
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 leveraging their Banking industry and complex systems integration experiences. The solution is powered by the latest IBM POWER7, System x and Storage Technology and managed by a team of experts from IBM Global Business Services and Global Technology Services using Tivoli suite of products. This infrastructure today enables 4 million business transactions every day supporting over 2,000 ATMs and 25,000 concurrent users on the system.
"Canara Bank India recognised the need to build a robust, dynamic solution to address their current and future expansion plans. Canara Bank is a perfect example of IBM's commitment to help organisations 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.
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Updated Date: Feb 02, 2017 22:46:45 IST