Union Bank partners with IBM

BANGALORE, INDIA: Union Bank of India has announced that it has successfully implemented comprehensive infrastructure and technology services with the technical support of IBM India.

IBM was selected to put in place the server and storage system infrastructure with a focus to centralize Union Bank’s extensive branch network across India including those in rural areas.

The scalable and resilient hardware platform brought Union Bank’s 2274 branches and 135 extension counters under a common IT framework while simultaneously enabling a higher number of transactions, thereby reducing costs and allowing Union Bank to respond better to customer demand.

This will be housed in the Bank’s new building at Powai. The Bank will leverage on this capability and ultimately bring all its branches under CBS network offering Anytime Anywhere banking. As on date 1211 of the bank’s branches and extension counter are under CBS network.

In addition, IBM will also provide Union Bank with superior disaster recovery and business continuity capabilities - a must-have in the financial services sector.

M V Nair, chairman and managing director, Union Bank of India, said, “To meet our growth objectives we needed to move to a centralized environment where economies of scale, consistency and firm-wide synchronization of data will bring significant benefits. I’m happy to state that IBM was best equipped to develop and execute this strategy with a focus on eliminating the risk associated with change, reducing investment cost and providing an appropriate return on investment over the entire lifecycle of the project.”