Punjab & Maharashtra Co-op Bank Selects IBM Smarter Computing

Punjab &
Maharashtra Co-op Bank Ltd, or PMC, an Indian co-operative bank, has
selected the IBM Corp‘s Smarter Computing
approach to IT to accelerate its growth and reach in the developing financial
services landscape in India.

PMC Bank chose to migrate its applications including core banking to
an IBM infrastructure with Power Systems to support the growing needs of its
more than 66 branches, two extension counters and ATM network, while
strengthening its online presence through remote banking.

To keep up with its growth without compromising its standards of
service and to be able to enrich its offerings while developing its branch and
ATM network, PMC Bank needed a new concept for its IT infrastructure to support
varied applications like mobile banking, SMS banking, Internet banking,
Treasury operations and kiosk services.

PMC Bank implemented IBM Power Systems built with IBM BladeCenter H,
POWER7 blades, AIX operating system, IBM Storwize V7000 storage system and IBM
Tivoli Storage Manager. Featuring IBM PowerVM virtualization technology, the
system provides platform, and facilitates data sharing between bank branches, while optimizing resources utilization and keeping costs under
control.

RAS (Reliability, Availability and Serviceability) and SSD features
automate data tiering to help PMC Bank handle peak loads in real time, thus
improving response time for customers and reducing business down time due to
hardware failures.

"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."