IBM helps Canara Bank implement Core Banking Solution

Canara
Bank,
one of the largest public sector banks in India, recently went
live with its Core Banking solution across 3,057 locations. IBM,
leveraging its strength across consulting, technology services, and
infrastructure management, implemented the Core Banking solution and
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 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 also helped the bank
setting up and managing the datacenter 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 datacenter to disaster recovery mode.

“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 the
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.

With
this,
IBM has completed the implementation of one of the world's
largest integration project around Core Banking solution, a testimony
of IBM's ability to integrate and deliver complex industry
solutions. The Phase Two roll-out is one of the fastest roll-outs in
India with over 200 branches going live every week. The project also
involved one of the fastest data center migration activity in the
industry, deploying some of the latest hardware and software from
IBM.

“Canara
Bank
India recognized 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 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,
VP-General Business (South), IBM (India/South Asia).