Cisco is working with organizations such as HDFC Bank and NSE to digitize their operations and boost customer experience
When innovation is permeating and changing each and every industry in India, the banking and financial services industry as well, is gazing a gigantic opportunity that innovation presents. And networking company Cisco is betting big on leveraging the opportunity the BFSI sector poses in terms of digital transformation. At the Cisco India Summit in Goa, HDFC Bank exhibited its collaboration with Cisco to quicken the bank’s digital transformation methodology and business development.
Cisco has built up a Digital Transformation Blueprint for the banking and financial services segment. Cisco is working with associations, for example, HDFC Bank and the National Stock Exchange (NSE) in digitizing their activities.
“Technology transformation in the banking industry is progressively turning into an aggressive edge. The critical component of our client centricity strategy is to convey a consistent, pertinent, secure and improved customized banking background to our clients. The snapshot of truth lies in a running administration, and we are very engaged to guarantee that the computerized banking administrations continue running by conveying a considerable lot of them in Active-Active Configuration crosswise over two physically particular distinct data centers on the quality of Strong Network Solutions and Intelligent Routing. A strong network is among the essential requirements of digital banking,” Munish Mittal, Chief Information Officer & Group Head – Information Technology, HDFC Bank says.
HDFC Bank’s data center is built on Cisco Unified Computing Systems (UCS), leverages the performance of the Cisco Nexus Datacenter switches to reduce cost and complexity through automation, analytics, and energy management. By moving to a virtualized environment, HDFC Bank has significantly improved the speed of application deployments, reduced time for software upgrades as well as lowered its data center footprint. The streamlined and integrated Cisco infrastructure has thus helped enhance efficiency, increase resource availability, security and performance.
NSE too, is leveraging Cisco’s ultra-low-latency trading architecture to deliver high-performance trading experiences, greater control, and visibility to its members. Cisco has also completely automated NSE’s data center, helping it reduce app deployment time from weeks to hours.
“Today financial institutions experience an unrelenting need to be flexible, secure and scalable across increasingly complex data centers. In addition to gaining performance and operational efficiencies, Cisco ACI has enabled the National Stock Exchange to manage it’s infrastructure and data repositories, which is critical when handling sensitive customer and financial data. In addition to that, with AppDynamics, NSE will have complete visibility spanning from the infrastructure to application to end user, thereby offering a superior end-user experience. From a trading perspective, speed, efficiency, and data accuracy are critical for investors,” Sameer Garde, President, Cisco India and SAARC said.
NSE is also leveraging Cisco’s AppDynamics platform to monitor the performance of core applications and get real-time analytics for business performance to deliver superior end-user experience.