IBM has announced that Pondicherry Co-operative Urban Bank has selected IBM SmartCloud for its core banking solution. As per the company’s media release, The SmartCloud solution will help the bank offer more customer-centric services and establish a robust banking operation.
As part of the agreement, IBM will provide shared private cloud infrastructure services to host and manage the core banking application from IBM Business Partner Infrasoft Technologies. By implementing this multi-tenant Infrastructure as a Service on the cloud, the bank will be able to offer state-of-the art financial solutions to their customers including Internet banking, online money transfer, ATM, and mobile banking. The IBM SmartCloud will also help the bank centralize its mission-critical operations such as real-time transaction processing across its six branches in Pondicherry.
Source: Hindu Buisness Line