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Co-operative banks get a refreshed look from Datavision

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CIOL Bureau
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MUMBAI, INDIA: Datavision, a product based company focused on providing services for the Banking and Financial Services industry has partnered with IBM to completely migrate its web-based core banking product DataMate to an IBM platform.

It says in a press release that its core banking solution helps address key challenges the co-operative banking sector in India faces such as customer relationship management through a unified view of the customer’s transactions, leveraging and achieving optimum results from existing IT investments and attracting and retaining customers through customized offerings amongst others.

The solution provides banks a consolidated view of their customers across all service delivery channels. It provides user definable validations and charges, multi language support and interfaces to various channels like ATM, payment gateways, Interactive Voice Response technology (IVRs), Point of sales (POS) devices and mobiles. 

Previously, the product was maintained on an open source freeware application server and Oracle database platform. However, in order to improve its performance, scalability and reliability metrics, Datavision decided to migrate the product to an end-to-end IBM platform comprising of IBM WebSphere application server and IBM DB2 database.

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“Co-operative banks are seen as the primary financing instrument for the credit requirement in the rural sector. Consequently they are under constant pressure to innovate their service offerings to meet the unique demands of local rural customers.” said Prakash Khanchandani, Managing Director, Datavision.

“A key challenge with most banking organizations is integrating the many disparate, multi-platform and traditional systems into one cohesive entity.” said Anil Menon Country Manager - SWG Channels & Marketing IBM India/South Asia.