IBM to Offer Cloud Services to Pondicherry Co-operative Bank

IBM enters into a strategic agreement with Pondicherry Co-operative Urban Bank to offer cloud services for its core banking solutions. IBM will provide shared private cloud infrastructure services to host and manage the core banking application from IBM business partner Infrasoft Technologies. This shared private cloud for compute and storage is implemented from an IBM data center in Bengaluru. IBM will implement this multi-tenant Infrastructureas-a-Service (IaaS) on the cloud. And it enables the bank to offer state-of-the-art financial solutions including internet banking, online money transfer, ATM, and mobile banking. It will also help the bank centralize its mission-critical operations such as real-time transaction processing across its 6 branches in Pondicherry.