IBM Helps Canara Bank implement Core Banking Solution Across 3,057 Locations

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 7 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 data center 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 data center to disaster recovery mode.

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. The Phase Two rollout 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.