IBM helps Canara Bank implement Banking Solution

Canara Bank has gone live with its Core Banking solution across 3,057 locations. IBM, leveraging its strength across consulting, technology services and infrastructure management, implemented the Core Banking solution and will also provide end-to-end support to the bank over the next 7 years.

Canara Bank had engaged IBM in August 2005 to implement the comprehensive Centralized Banking solution constituting of a suite of 14 satellite applications centred around the Core Banking solution. As part of the engagement, IBM was responsible for designing, building, deployment, and support of the centralized Core Banking solution as well as that for the satellite applications.

"When it comes to technology adoption, Canara Bank has been the frontrunner in adopting technology among the public sector banks in India. We are pleased to have a dedicated team of IBM experts at Canara Bank, who helped us make informed decisions about the future of our IT environment. Customer-led product and services development, adaptation and innovation are the guiding principles for us. Keeping this in mind, we chose IBM to deliver a complete Core Banking Solution on account of their dedication to the success of the clients and their ability to support the Bank's business growth. The value proposition of IBM’s overall solution was unmatched," said the Canara Bank spokesperson.

With this, IBM has completed the implementation of one of the world's largest integration project around Core Banking solution, a testimony of IBM’s ability to integrate and deliver complex industry solutions. The Phase Two rollout is one of the fastest rollouts in India with over 200 branches going live every week. The project also involved one of the fastest data center migration activity in the industry, deploying some of the latest hardware and software from IBM.