HDFC Bank has signed an agreement with IBM India to build an IT framework to support the bank’s business growth.
According to the agreement, HDFC Bank will adopt IBM’s mainframe technology. IBM said that HDFC Bank appointed the company after evaluating the systems and technology from IBM and other vendors. The bank also carried out tests for its core banking application and systems on the IBM System z mainframe.
IBM also said that the collaboration will enable HDFC Bank to keep its critical credit card processing requirements in-house while offering uninterrupted service to its customers. It will also eliminate additional investments in data center costs and offer the option to migrate other HDFC Bank applications, such as core banking, to System z mainframes.
Kumar Karpe, country manager for financial services sector at IBM India and South Asia, said: 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 servers that delivers breakthrough performance, extreme efficiency and low total cost of ownership through virtualization, unmatched resilience and quality of service.