Punjab & Maharashtra Co-op. Bank Ltd (PMC) chose to migrate its applications including core banking on to Power Systems to support the growing needs of its over 66 branches, two extension counters and ATM network, while strengthening its online presence through remote banking.
“We want to offer our clients a banking experience that is easier, faster, more convenient and secure,” said
H Krishna Karanth, General Manager, PMC Bank. “We also want to enhance the role of our branches and let them focus on providing financial services advice and counsel, while leaving the transactions part to the IT infrastructure.”
This entailed executing millions of transactions daily, handling iterations in a secure way while maintaining data integrity across multiple subsystems and balancing workloads. It also meant dealing simultaneously with challenges such as managing risk and regulations, achieving optimum connectivity and finding new ways to attain efficiency and cost-savings.
“Banks and financial institutions have achieved reduced operating costs with high performance for many years with IBM Power Systems,” said Viswanath Ramswamy, Director, Power Systems, IBM India South Asia. “For PMC Bank, our goal is to provide a technology roadmap which will also assist the bank sustain its long-term growth. The choice of an IBM Smarter Computing solution over competitive platforms reaffirms our leadership in the Indian UNIX server market.”
PMC Bank implemented Power Systems built with BladeCenter H, POWER7 blades, AIX operating system, Storwize V7000 storage system and Tivoli Storage Manger. Featuring PowerVM virtualization technology, the system provides a more dynamic and flexible platform, and facilitates data sharing between bank branches more swiftly, while optimizing resources utilization and keeping costs under control. RAS and SSD features automate data tiering to help the bank handle peak loads in real time, thus improving response time for customers and reducing business down time due to hardware failures.
PMC Bank’s entire implementation and consolidation was done in association with IBM Business Partner Orient Technologies.
Headquartered in Mumbai, Maharashtra, PMC Bank supports over 500,000 clients and Rs 5,500 crores plus of business.