Cosmos banking on DR

INDIA: Cosmos bank has deployed a DR solution using Sanovi’s DR template for Oracle database. 

Sanovi Technologies has partnered with Cosmos Co-operative Bank to further its commitment to provide quality service to its customers, it shares in a press note.

Cosmos Cooperative Bank, a leading Urban Co-operative Bank, started in 1906 and has grown to become the leading banking institution in the cooperative sector with presence across 21 major cities in 5 states, it adds.

Cosmos bank deployed their DR solution using Sanovi’s DR template for Oracle database. "The out-of-box DR solution template deploys industry best practices,recovery workflows, monitors and alerts on over forty conditions and provides out-of-box automation to do DR drills. Without additional investment in resources, the bank is able to achieve their DR Readiness SLAs with the confidence that their core banking application can withstand any DR issues successfully." says the company.

“Cosmos Bank’s management considers its investment in technology as an opportunity to differentiate and provide superior customer experience. The bank implemented Finacle as its core banking software and hence the central database and applications became a critical part of the bank’s business continuity and Disaster Recovery plan. To meet business set Recovery Point and Recovery Time Objectives, the bank chose to have a remote site that shadows the primary production site”, says Prashant Thakur, GM-IT, Cosmos Cooperative Bank.

The bank’s IT articulated their DR requirements as a comprehensive approach to the various phases of the DR Lifecycle including monitoring, automation of recovery, DR Drills and compliance reporting. The bank did not want to invest in DR specific expertise. “Cosmos Bank’s IT team understood Sanovi’s value and evaluated the software early on as part of their DR design. Sanovi DRM software was a great fit that gave the bank the required visibility and the automation that reduced their dependence on expertise being always available”, says Mr. P P Subramanian, President & CEO, Sanovi Technologies.