IBM SmartCloud chosen

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

 

IBM has announced that Sree Charan Souharda Cooperative Bank Ltd. has selected IBM SmartCloud to help it meet growing demand, add new customer services and to centralize mission -critical operations such as real-time transaction processing across its five branches in Bangalore.

The IBM SmartCloud is supposed to be used to deliver the Resilience for Core Banking solution from IBM Business Partner Infrasoft Technologies Ltd. as part of the agreement. Sree Charan Souharda Cooperative Bank will be better able to align its business processes with predictive analytics and offer enhanced financial solutions to its customers including Internet banking, online money transfer, ATM Services, and mobile banking with this technology on the IBM SmartCloud.

KS Raghunandan, Director, Integrated Technology Services, Global Technology Services, IBM India/South Asia said, “Increasingly, IBM sees cooperative banks opting for a more robust IT environment, provided by cloud computing, to improve operational efficiency in a cost effective and secure manner. While ensuring that the IT infrastructure and customer data is secure, the solutions also give banks a centralized view of the customers’ business which will help them better understand customer behavior, and adjust to demand, including increased online and mobile banking. This win is further testimony to the leadership position in the banking industry shared by IBM and InfraSoft and our mutual commitment towards forging relationships with small and medium sized banks.”

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