Datavision Partners With IBM To Serve Indian Co-Operative Banks

Datavision, a product-based company focused on providing services for the Banking and Financial Services industry, has partnered with IBM to completely migrate its Web-based core banking product DataMate to an IBM platform. Datavision has been servicing the Indian financial and banking market for over a decade with processes mapped to CMM Level 5 requirements and has built a large repository of insights in the financial and banking domain.

The DataMate core banking solution helps address key challenges the co-operative banking sector in India faces such as customer relationship management through a unified view of the customer’s transactions, leveraging and achieving optimum results from existing IT investments and attracting and retaining customers through customised offerings amongst others.

Previously, the product was maintained on an open source freeware application server and Oracle database platform. However, in order to improve its performance, scalability and reliability metrics, Datavision decided to migrate the product to an end-to-end IBM platform comprising IBM WebSphere application server and IBM DB2 database.

The solution provides banks a consolidated view of their customers across all service delivery channels. It provides user-definable validations and charges, multi-language support and interfaces to various channels like ATM, payment gateways, Interactive Voice Response technology (IVRs), Point-of-Sale (PoS) devices and mobiles.

“A key challenge with most banking organisations is integrating the many disparate, multi-platform and traditional systems into one cohesive entity. DataMate makes this possible as it is a single database solution eliminating the need for integration, is completely modular and can be configured to the individual bank’s requirements, accounting rules and specific reporting patterns,” said Anil Menon, country manager-SWG Channels & Marketing, IBM India/South Asia.