Chennai, January 10, 2008: Sun Microsystems India today announced that it has been selected by CSB to implement a comprehensive Core Banking Solution (CBS) to help centralize its operations and thus deliver faster, more flexible services to its customers.
CSB is implementing ‘MAARVEL’, a Centralised Banking Solution, developed jointly with Laser Soft; a Chennai based Banking Solution Company. The application is on Oracle Database and for this purpose implemented Solaris 10, Sun's flagship operating system, running Sun V 490 Server on a Cluster for its database and T 2000 Niagara Server for its applications. Further, the bank has gone in for Reporting/Back Up Servers and Sun Storage 6140 for their storage requirements.
CSB is the one among the oldest and fastest growing private sector banks based in Kerala having close to 360 Branches spread across the country over the last eight decades the bank has acquired distinction of being the bank with the highest concentration of branches in the South. Given the dynamic and extremely competitive environment that the Indian banking industry operates in, the bank embarked upon a centralization and modernization drive to help deliver faster and better values to its customers while at the same time achieving significant cost advantages. For this, they required an infrastructure partner to provide the foundation for a flexible and scalable IT architecture that can grow seamlessly in pace with growing business needs.
The deployment has helped CSB centralise the availability of information and thereby provide customers with easy and quick access to information and thus increase the speed and flexibility of service as well as transparency to the user database. All the branches would be covered over the next six months.
In addition to providing technology hardware Sun also supported the Bank’s Core Banking initiative with Sun's 24x7 spectrum services in order to eliminate IT interruption and downtime. Sun spectrum support delivers a comprehensive portfolio of Service Plans for systems, storage, and software to provide the right combination of proactive, reactive, telephone, onsite, and web-based features to keep IT infrastructures – and enterprises – running, from the desktop to the datacenter.
Speaking at the press conference, Mr. R. Venkataraman, Chairman, CSB, said, "Given our rapid growth and aggressive goals, our existing TBA solution may have its own limitation to meet the customers’ demands in product, service, higher level of performance and flexibility. The results of the benchmarking exercise that we conducted to determine the most suitable infrastructure partner showed our application improved dramatically when tested on Sun. They were our chosen IT vendor whose products met the criteria for ease of migration, scalability, reliability, and lower cost of operations.
“Since migrating our system to Sun, not only have the accrued benefits of increased performance and the reduced price more than met our expectations but also has helped us reap the additional benefits of energy and space-efficiencies, both of which are becoming increasingly critical in this competitive industry. With this initiative, we will continue to provide our customers with the best of services” he further added.
Said Mr. Bhaskar Pramanik, President- India GEM, Sun Microsystems India, “We are extremely happy to be selected as the technology infrastructure partner for CSB. This initiative is yet another milestone for the Indian banking industry and reaffirms Sun’s global leadership position as the most trusted and preferred open systems vendor in banking and financial services.”