, Jan. 31, 2013 /PRNewswire/ -- Dombivli Nagari Sahakari (DNS) Bank, the first cooperative bank to launch mobile banking services in
, has selected IBM (NYSE:
) PureSystems over Hewlett-Packard and Dell to deliver highly available and disaster tolerant financial services. The new IBM PureFlex System integrates the bank's hardware, cloud capabilities, network management and virtualization, allowing DNS Bank to expand its reach, gain new clients and reduce operational expenses by 10 percent - without increasing its IT infrastructure footprint.
The Indian banking industry is growing more than 23% per year with its assets size poised to touch
by 2025 (1). However, In
, dispersion of banking services is fairly low: about 61 percent of population has access to a saving bank account, 19 percent has debit cards and 1 percent has credit cards (2).
To tap into this growing market opportunity and reach the tech-savvy younger generation, DNS Bank needed to revamp the heart of its IT infrastructure. Working with Business Partner Brisk Infovision, IBM provided a solution built on PureFlex and including System x, storage and WebSphere. DNS Bank is already benefitting from the simplicity and control IBM PureFlex provides and has reduced power consumption by 10 percent.
"For DNS Bank, IBM provided the perfect platform to expand our mobile services such as Internet, mobile and SMS banking," said Milind Varerkar, Head IT, DNS Bank. "PureFlex provides the security, flexibility and integration capabilities we needed to leverage cloud technologies to rapidly and efficiently deliver these mobile services across cities and remote areas of Maharashtra, address completely new client segments and even allowed us to reduce power consumption by ten percent."
Headquartered in Dombivli, a suburb of
, Maharashtra, the richest and fastest developing state in
, DNS Bank operates more than
Rs 3750 crores
US$ 695 million
) of business in its 37 branches spread across 11 districts. Established in 1970, today the bank serves more than 500,000 clients.
"Working with DNS Bank required a holistic approach to IT infrastructure that would match the bank's goal to provide a next generation of banking to its clients," said
, Country Leader, PureSystems, Systems and Technology Group, IBM India South Asia. "IBM PureFlex allowed DNS to simplify their experience, increase overall performance, and significantly reduce operational and management costs."
The IBM PureSystems family offers clients an alternative to current enterprise computing models, where multiple and disparate systems require significant resources to set up and maintain. PureFlex System enables organizations to more efficiently create and manage an infrastructure.