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HDFC Bank Builds IT Framework on IBM Mainframe|
- By CXOtoday Staff, Apr 21, 2009 1302 hrs IST
- Tags : HDFC Bank, IBM mainframe, System z mainframes, Kumar Karpe, Anil Jaggia, Internet, core banking solutions, IT framework, servers
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HDFC Bank, one of the largest private sector banks in India, today announced an agreement with IBM India to build a cost-effective IT framework, including IBM mainframe to support the bank s strong business growth.
The collaboration will enable HDFC Bank to keep its critical credit card processing requirements in-house while offering robust and uninterrupted service to its customers. It also eliminates additional investments in data center costs, and offers the option to migrate other HDFC bank applications such as core banking, to the System z mainframes.
Anil Jaggia, chief information officer (CIO), HDFC Bank said, HDFC Bank has a stellar track record of using technology as the key focus element to its banking strategy - delivering significant operational efficiencies and cutting-edge customer solutions. In all our IT investments, we try to seek a balance between adopting the most innovative solutions while keeping our investments as pragmatic as possible.
For the bank s data center, IBM worked with HDFC Bank to create an IT roadmap that minimizes their application and carbon footprint. For the bank s boardroom, IBM helped HDFC Bank discover System z technology as one of the world s most sophisticated business server that delivers breakthrough performance, extreme efficiency and low total cost of ownership through virtualization, unmatched resilience and quality of service, said Kumar Karpe, country manager Financial Services Sector, IBM India & South Asia.
The bank appointed IBM after evaluating the systems and technology from IBM and other vendors. It also carried out benchmark tests for its core banking application and systems on the IBM System z mainframe, according to a press release.
The collaboration will also benefit customers by adding more features on existing credit card products, enabling higher processing speed and quicker response time. It will also scale up the customer service process and enhance interfacing capabilities with other applications, leading to more features on self-service channels like Internet.
Related Links: IBM Signs Services Deal with STAR India
IBM Signs 10-year Deal with Kurmanchal Bank
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